E-Filing Now Required on Form 1023

Thoughtware Alert Published: Feb 07, 2020

According to a recent news release, the IRS has revised the filing requirements of Form 1023 to allow for electronic filings for the first time.

After Form 1023-EZ went electronic back in 2014, statistics showed improved application processing time and they now hope for the same with Form 1023. Easing this form’s application process is expected to be a big help to the tax-exempt community.

As of January 31, 2020, applications for recognition of exemption on Form 1023 can now be submitted electronically online at Pay.gov. The fee for 2020 will remain at the same at $600 and can be paid via credit/debit card or debited directly from a bank account through the website.

The IRS will provide a 90-day grace period through April 30, 2020, during which it will continue to accept paper versions of the form.

Please always remember that before submitting Form 1023, your organization must have an organizing document and an Employer Identification Number.

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