New streamlined process for 501(c)(3) applications

With all the drama in D.C. centered around the Lois Lerner lost email/computer crash scandal, few people have noticed another major change that has occurred in the IRS Exempt Organization Division. 

That change is the implementation of a shorter and easier application form that is supposed to streamline what some might have considered a more cumbersome process of obtaining an organization’s 501(c)(3) tax exempt status. 

That new form is the Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. 

Click the link below to read an article written by Amy Wang, CPA for AICPA Insights that can give you some insight into how the IRS has revamped the tax-exempt application process. 

As always, if we can assist you with preparing or answering questions about your organization’s application for tax-exempt status, please give us a call.