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Tax-Exempt Status just got Easier

On Behalf of | Jul 14, 2014 | IRS |

The IRS has created a new form to help small charitable organizations obtain 501(c)(3) tax-status. Instead of filing the 26-page Form 102, qualified organizations may use the IRS’ new form, 1023-EZ, to complete the application. An estimated 70 percent of organizations seeking tax-exempt status will qualify for the streamlined approach, if gross receipts are $50,000 or less and assets do not exceed $250,000. For more information, read the IRS Press Release.


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