The Internal Revenue Service has released a draft of an easier-to-use Form 1023-EZ for charities that are seeking tax-exempt status.
The draft Form 1023-EZ, "Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code," announced in the Federal Register March 31, is a shorter and less burdensome version of the Form 1023.
Most small exempt organizations will be eligible to use the Form 1023-EZ.
The Office of Management and Budget is accepting comments on the form through April 30. The IRS expects the Form 1023 EZ to be in use by eligible organizations this summer.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access