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Do You Know the IRS Revised Form 1023-EZ?

Do You Know the IRS Revised Form 1023-EZ?

The Internal Revenue Service (“IRS”) has issued a revised Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, and its instructions to help small charities apply for 501(c)(3) tax-exempt status. Please note that the user fee for Form 1023-EZ applicants was not changed and is $275 for 2018 (See IRS Revenue Procedure 2018-5).

Outline of IRS Revised Form 1023-EZ

  • A text box was added to Part III requesting a brief description of the organization’s mission or most significant activities. This change was recommended by the IRS National Taxpayer Advocate and is designed to provide a better understanding of the most significant activities in which an organization engages to further its exempt purposes.
  • Questions about annual gross receipts, total assets and public charity classification were added to Form 1023-EZ. These questions are also included on the Form 1023-EZ “Eligibility Worksheet” in the instructions to Form 1023-EZ that organizations must certify they have completed.
  • Question 29 on the Form 1023-EZ “Eligibility Worksheet” now requires that an automatically revoked organization applying for reinstatement must seek the same foundation classification it had at the time of automatic revocation in order to be eligible to use the Form 1023-EZ. Organizations that are not seeking that same foundation classification must file a full Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code.

As stated by the IRS, these revisions were made to make it easier for organizations to select the correct form when applying for tax-exempt status and to help the IRS make the correct determination with respect to tax-exempt status.

If you have any questions on the revised Form 1023-EZ, please fill out the form below and a Withum professional will reach out to you.

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