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Nonprofit start-ups: Form 1023 or 1023-EZ? - WCS - Accountant in Alexandria VA

Summary by WCS
If you’re starting up a new 501(c)(3) not-for-profit organization, you likely face many decisions. One of them is which form to use when applying to the IRS for recognition of your tax-exempt status. There are two — Form 1023 and 1023-EZ, a newer, streamlined version of the original form. Let’s take a look. Traditional route vs. EZ way Many nonprofits still use the longer Form 1023 because it’s available to every 501(c)(3) organization and there…
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Nonprofit start-ups: Form 1023 or 1023-EZ? - WCS - Accountant in Alexandria VA

If you’re starting up a new 501(c)(3) not-for-profit organization, you likely face many decisions. One of them is which form to use when applying to the IRS for recognition of your tax-exempt status. There are two — Form 1023 and 1023-EZ, a newer, streamlined version of the original form. Let’s take a look. Traditional route vs. EZ way Many nonprofits still use the longer Form 1023 because it’s available to every 501(c)(3) organization and there…

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WCS broke the news in on Thursday, February 13, 2025.
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