New Three Page IRS Tax Exempt Application

The IRS has issued a new three page tax exempt application (form 1023-EZ) for 501(c)(3) status. The existing long form 1023 is twenty-six pages. The organization must have receipts equal to or less than $50,000 and assets of $250,000 or less to be eligible. The IRS is saying that as many as 70% of all applicants will qualify for use of the shorter form. The EZ form must be filed online and there is a $400 fee. The IRS instructions are here.

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