Internal Revenue Service Introduces EZ Application for Tax-Exempt Status

Effective July 1, 2014, the IRS introduced a short form application for 501(c)(3) tax exempt status called the Form 1023­EZ. This new application is three pages long compared with the somewhat daunting 26 page regular Form 1023. Generally, an applicant with gross annual receipts of $50,000 or less and assets of $250,000 or less may use the Form 1023­EZ to apply for 501(c)(3) tax ­exempt status. . . 2014 – Internal Revenue Service Introduces EZ Application for Tax-Exempt Status