The new EZ form PDF must be filed online. "Rather than using large amounts of IRS resources up front reviewing complex applications during a lengthy process, we believe the streamlined form will allow us to devote more compliance activity on the back end to ensure groups are actually doing the charitable work they apply to do."
"We believe that many small organizations will be able to complete this form without creating major compliance risks," Koskinen said. Currently, the IRS has more than 60,000 501(c)(3) applications in its backlog, with many of them pending for nine months.įollowing feedback this spring from the tax community and those working with charitable groups, the IRS refined the 1023-EZ proposal for today's announcement, including revising the $50,000 gross receipts threshold down from an earlier figure of $200,000. The change will allow the IRS to speed the approval process for smaller groups and free up resources to review applications from larger, more complex organizations while reducing the application backlog. This process created needlessly long delays for groups, which didn’t help the groups, the taxpaying public or the IRS.” "It didn't matter if you were a small soccer or gardening club or a major research organization.
"Previously, all of these groups went through the same lengthy application process - regardless of size," Koskinen said. Most organizations with gross receipts of $50,000 or less and assets of $250,000 or less are eligible. Most small organizations, including as many as 70 percent of all applicants, qualify to use the new streamlined form. The new Form 1023-EZ, available today on IRS.gov, is three pages long, compared with the standard 26-page Form 1023. “The change cuts paperwork for these charitable groups and speeds application processing so they can focus on their important work." “This is a common-sense approach that will help reduce lengthy processing delays for small tax-exempt groups and ultimately larger organizations as well,” said IRS Commissioner John Koskinen. WASHINGTON - The Internal Revenue Service today introduced a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily.
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