IRS Updates, July 2016

1. New requirement for organizations intending to operate under Section 501(c)(4): Submit Form 8976

New legislation enacted at the end of 2015 added section 506 to the Internal Revenue Code. Section 506 requires an organization to notify the IRS of its intent to operate as a section 501(c)(4) organization.

Is the IRS Form 1023-EZ Too EZ?


In a recent post, I talked about some of the numbers regarding the IRS Form 1023-EZ application for tax-exempt status, which allows some organizations with annual receipts of $50,000 or less to apply on-line using a much simpler form and process than that required by Form 1023. Today I want to talk about some of the issues that have been raised by the new form.