Never easier to obtain tax-exempt status

The Internal Revenue Service recently introduced a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily. The new Form 1023-EZ, available today on IRS.gov, is only three pages long, compared with the standard 26-page … Continue reading →

New Form 1023-EZ for easier 501(c)(3) exempt status application

The draft Form 1023-EZ, “Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code,” announced in the Federal Register March 31, is a shorter and less burdensome version of the Form 1023. Most small exempt organizations … Continue reading →

Donations eligibility for tax deductions

Did you know that donations you have made for what you considered charitable purposes may not be deductible if not made to an eligible organization?  What organizations are eligible? The IRS maintains a list of eligible organizations (Pub. 78 data) … Continue reading →