Over the past few weeks, some of our users have been reporting downloads with event ID 1023.
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Department ID: 6db3b1acb9c27276
July 1, 2014, the IRS released a new accelerated application to qualify small organizations that use less than Section 501(c)(3) tax exempt recognition.
Form 1023-EZ, simplified 501(c)(3) IRS request for tax exemption, is likely to be an attempt by the agency to simplify the application of our process to smaller entities and thereby reduce existing debt on excluded claims organizations.
Who Can File Form 1023-EZ?
As a rule, organizations with a common homeHomes less than $50,000 AND assets less than $250,000 are eligible to file Form 1023-EZ. The IRS estimates that about 70% of new applicants can use this form.
However, an absolute number of organizations can NOT assist with filing Form 1023-EZ and must file Form 1023. These include but are not limited to:
For a complete list of required requirements, see IRS Tax Procedure 2014-40, available at www.irs.gov/pub/irs-drop/rp-14-40.pdf. Form 1023-EZ for non-qualifying entities must be submitted using the entire IRS Form 1023 to recognize an exemption. The complete Form 1023 is available to all businesses, including those that can use Form 1023-EZ.
Form 1023-EZ Warning
It should be noted that a wide range of non-profit organizations (including the Center for Non-Profit Organizations), regulators and professionals have expressed concern that although Form 1023 exists, many consider it difficult and necessary. emergency capirepair, the IRS appears to have gone too far in the opposite direction with Form 1023-EZ. Essentially a three-page checklist, the new Form 1023-EZ contains a series of checks, balances, and requirements that can help a large organization prevent potentially damaging authorization and operational errors. If you file a Form 1023-EZ instead of a Form 1023, IRS officials will not automatically check the organization’s records for other important supporting information. While this process saves processing time, there is a risk that a very good organization may unknowingly engage in malicious activities for many years before a flaw is discovered, eventually leading to liability claims and significant fines. In addition, their lack of document verification by any IRS makes it difficult to hide people who intentionally engage in unethical or illegal activities that can hinder law enforcement and potentially undermine the government’s trust in the community at large.Download this software now to clean up your computer.