IRS Revises Its Streamlined Application for Nonprofits

The Streamlined Application for Recognition of Exemption Under Section 501(c)(3), or Form 1023-EZ, and its instructions have been revised by the IRS. Among these revisions are:

  • A requested description of the organization’s most significant activities
  • Questions on annual gross receipts, total assets, and public charity classification
  • Added requirements for organizations applying for reinstatement

The new changes do not affect the Form 1023-EZ user fees.

Read more here.

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