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tax exemption

Ready to Make Your Nonprofit Vision a Reality? 8 FAQs

Ready to Make Your Nonprofit Vision a Reality? 8 FAQs

Ready to Make Your Nonprofit Vision a Reality? 8 FAQs

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Posted on December 12, 2018, by Harbor Compliance in Nonprofit Compliance.

“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

Lower Application Fee for Form 1023-EZ

Lower Application Fee for Form 1023-EZ

Lower Application Fee for Form 1023-EZ

Posted on May 31, 2016, by Mike Montali in Industry News, Nonprofit Compliance.

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

IRS Study Reveals that 37% of Form 1023-EZ Applicants Improperly Received 501(c)(3) Tax Exemptions

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Posted on January 22, 2016, by Harbor Compliance in Industry News, Nonprofit Compliance.

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

How Effective is IRS Form 1023-EZ? A Look at the Numbers

How Effective is IRS Form 1023-EZ? A Look at the Numbers

How Effective is IRS Form 1023-EZ? A Look at the Numbers

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Posted on April 6, 2015, by Harbor Compliance in Industry News, Nonprofit Compliance.

 

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. Nine months … Read more

PA Nonprofit Property Tax Exemption

PA Nonprofit Property Tax Exemption

PA Nonprofit Property Tax Exemption

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Posted on February 2, 2015, by Harbor Compliance in Industry News, Nonprofit Compliance.

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

Form 1023-EZ: Understanding Your Eligibility

Form 1023-EZ: Understanding Your Eligibility

Form 1023-EZ: Understanding Your Eligibility

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Posted on September 9, 2014, by Harbor Compliance in Nonprofit Compliance.

 

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

With IRS Form 1023-EZ, Become 501c3 Tax Exempt in Weeks

With IRS Form 1023-EZ, Become 501c3 Tax Exempt in Weeks

With IRS Form 1023-EZ, Become 501c3 Tax Exempt in Weeks

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Posted on August 20, 2014, by Harbor Compliance in Industry News, Nonprofit Compliance.

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