Live From AICPA: IRS Readying Shorter Application Form

Live From AICPA: IRS Readying Shorter Application Form

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A shorter version of Form 1023, the application for tax-exemption, was released earlier this year, with a public comment period during the spring.

In comments submitted to the Office of Management and Budget (OMB), the National Council of Nonprofits raised concerns about the new Form 1023-EZ and the streamlined approval process of tax-exemption. Specifically, the organization believes the proposal would “decrease rather than improve the quality of information the IRS needs to make informed decisions, reduce public trust and inappropriately shift the IRS’ obligations onto others – foisting burdens on the public, existing charitable nonprofits, the funding community, and state charity regulators.”

You can see the full comments here.

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The NonProfit Times
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