Effective April 9, 2020, the IRS extended the due date of Form 990 series annual information returns per Notice 2020-23. This action was taken in direct response to the COVID-19 pandemic. The deadline for tax-exempt organizations that file the … Read more
“Nearly every great cause was started by a visionary, risk-taking, no-barriers, basically very courageous human being.”1
You’ve felt the nonprofit call: maybe you’ve seen a need that no one is meeting, or envisioned a new way to address an age-old … Read more
The IRS released a Revenue Procedure today to change the application fee for Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. The application fee will be lowered from $400 to $275, effective … Read more
The IRS Taxpayer Advocate Service (TAS) recently submitted its 2015 Annual Report to the United States Congress. That report contained an analysis of Form 1023-EZ that the IRS released in July 2014 as a streamlined 501(c)(3) application. The findings in … Read more
In July 2014, the IRS released Form 1023-EZ in an attempt to reduce a backlog of over 50,000 applications. Upon the form’s debut, there were a lot of questions regarding the form’s effectiveness, how long it would take, etc. … Read more
This week, Pennsylvania legislators are voting on an initiative that would change Pennsylvania’s state constitution. And, it has to do with nonprofit property tax exemption – how exciting!
The piece of legislation, called Senate Bill 4, was introduced by local … Read more
Perhaps the most exciting thing the IRS has ever done, the release of Form 1023-EZ has made applying for, and obtaining, 501c3 tax exempt status a relative breeze.
In our blog coverage, and if you speak with us, we’ll … Read more
News of the recent release of IRS Form 1023-EZ has spread like wildfire. Introduced in July, the form, designed to streamline the application and approval process for federal tax exemption, has triggered a number of questions throughout the nonprofit world.… Read more