Select Page

There’s a new Form 1023-EZ that small non-profit organizations can file online to apply for tax-exempt status. In order to qualify to use Form 1023-EZ, the organization must have annual gross receipts that do not exceed $50,000 and assets that do not exceed $250,000.

Financial projections are not required in Form 1023-EZ, which substantially simplifies the process. Although the new form does not mention the need for a conflicts of interest policy, as the standard Form 1023 does, it is still a good idea for all tax-exempt organizations to adopt such a policy.