As I have previously discussed, the Form 1023-EZ released by the IRS in July offers a shorter and simplified three-page application form for smaller charities. The EZ form also offers a lower fee of $400, a quicker approval process, and requires less information, such as not requiring organizational documents and the organization’s budget. The EZ form does require that it be filed electronically, a pre-requisite eligibility worksheet to be completed, and may result in a higher chance of the organization being audited.
See Jennifer M. Pagnillo, Form 1023-EZ–Simplification of the Application Process for Smaller Charities?, Lexology, Jan. 21, 2015.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
