The BNN Tax-Exempt Organizations Blog

Posts tagged Tax-exempt status

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Form 1023-EZ Is Now Available for Filing

Earlier this week, the IRS rolled out the final (and fileable) version of Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, along with the applicable instructions. This is a very significant development. This form enables many small organizations to file for expedited and, in most cases, almost automatic approval of 501(c)(3) status.  (Previously, I wrote about the draft Form 1023-EZ and some of the negative reactions to its proposal.)

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Thoughts on the Proposed Form 1023-EZ

The IRS recently issued a draft of a new Form 1023-EZ which, for many small organizations, would greatly simplify the process of obtaining tax-exempt status under Code Section 501(c)(3). The name of the form is “Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code”, and some have joked that the name is longer than the form itself.