Things move slowly at the IRS, which is just as well because it’s a big institution that touches the lives of just about everyone. When they do make a change it can impact a lot of people and businesses. The IRS has made changes for 2018 that affect anybody starting a nonprofit. If you want to get 501(c)(3) status and haven’t yet submitted your application, you should read on.
In a previous blog post, we discussed the difference between the form 1023 and 1023-EZ. Form 1023 is a long form that requires extensive narrative concerning your organization such as, your whistle blower policy, dissolution clause, etc., and the 1023-EZ is the streamlined version that consists of checkboxes that rely on your trust that all of the information is accurate and accounted for.