A streamlined form that organizations can use to apply for 501(c)(3) tax-exempt status doesn’t t ask for enough information, the Treasury Inspector General for Tax Administration said in a report.
“Although the IRS has developed timesaving procedures for processing Forms 1023-EZ, the application itself does not provide the IRS with sufficient information to appropriately approve or deny an organization’s tax-exempt status,” TIGTA wrote.
The IRS released Form 1023-EZ in 2014 to provide a simplified process that smaller organizations meeting certain criteria can use to request tax-exempt status under tax code Section 501(c)(3) which pertains to charitable organizations. ...