IRS Now Accepting Streamlined Form 1023-EZ

By M. Thomas Langan II.

The IRS is now accepting a new shorter tax-exempt application form intended to help small charities apply for 501(c)(3) tax-exempt status more easily. The form, 1023-EZ, is only 3 pages long compared to full form that is 26 pages. Most organizations with gross receipts of $50,000 or less and assets of $250,000 or less are eligible to use the form.  The IRS expects around 70% of all applicants will qualify to use the shorter form.  Form 1023-EZ must be filed online and there is a $400 filing fee.

The form can be viewed here: http://www.irs.gov/pub/irs-pdf/f1023ez.pdf

© 2014 Parsonage Vandenack Williams LLC

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