Providing Lesotho's Children with Keys to the World

This is the story of our efforts to end the vicious cycle of poverty, disease, inadequate education, and early death
in a remote rural community in Lesotho, Africa, by providing quality education and life skills
to the young children there. Join us on our journey ...

Monday, July 7, 2014

Filing For Tax-Exempt Status

IRS Makes Applying for Tax-exempt Status Easier for Small Organizations
 
The Internal Revenue Service today introduced a new, shorter application form, Form 1023-EZ, to help small charities apply for 501(c)(3) tax-exempt status more easily. Most organizations with annual gross receipts of $50,000 or less and assets of $250,000 or less are eligible.

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. 

The new 1023-EZ form must be filed on 
www.pay.gov
, accompanied by a $400 user fee. The instructions include an eligibility checklist that organizations must complete before filing the form.