As a follow up to my most recent blog entitled Applying for Tax Exemption Just Got “EZ”er the IRS made available, beginning July 1, 2014, a final Form 1023-EZ on www.IRS.gov. The new EZ form must be filed online. The instructions include an eligibility checklist that applying organizations must complete before filing the form. Most organizations with gross receipts of $50,000 or less and assets of $250,000 or less are eligible
The Form 1023-EZ must be filed using www.pay.gov, and a $400 user fee is due at the time the form is submitted. Further details on the new Form 1023-EZ application process can be found in Revenue Procedure 2014-40, posted on www.IRS.gov.