Good news ahead for small charitable organizations that will be filing the electronic application for tax-exemption, Form 1023-EZ, Streamlined Application for Recognition of Exemption under Section 501(c)(3) of the Internal Revenue Code. A user fee is required by the IRS to process the Form 1023-EZ application, which user fee had been previously set at $400 for each application. Good news: the user fee for Form 1023-EZ is being reduced to $275 effective July 1, 2016.
The reduced user fee was announced by the IRS in Revenue Procedure 2016-32. Please see the following link to this Revenue Procedure. Please note that the IRS does not give an explanation for the reduced user fee in the Revenue Procedure.
No Comments so far ↓
Like gas stations in rural Texas after 10 pm, comments are closed.