The IRS has released a new, streamlined Form 1023-EZ that offers the promise of a more efficient process for small organizations to apply for recognition of 501(c)(3) exempt status. Only organizations that can answer “no” to a series of questions on a IRS worksheet are eligible to use the new Form 1023-EZ, but once eligibility is confirmed, the organization should enjoy a more efficient path to receiving an IRS determination letter. The Form 1023-EZ is filed electronically and requires a lower user fee of $400 ( as compared to a user fee of either $400 or $850 associated with the regular Form 1023). Visit the IRS website at http://www.irs.gov/uac/About-Form-1023EZ or contact us for more information.
