{"id":3246,"date":"2020-01-31T10:24:45","date_gmt":"2020-01-31T16:24:45","guid":{"rendered":"https:\/\/cookco.us\/news\/?p=3246"},"modified":"2020-01-31T10:24:50","modified_gmt":"2020-01-31T16:24:50","slug":"electronic-filing-now-available-to-charities","status":"publish","type":"post","link":"https:\/\/cookco.us\/news\/electronic-filing-now-available-to-charities\/","title":{"rendered":"Electronic Filing now available to Charities"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The Internal Revenue Service has revised Form 1023 to allow electronic filing for the first time starting later this month.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To help charities apply for Section 501(c)(3) tax-exempt status, the IRS has revised Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, and its instructions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFiling electronically reduces errors, and we believe this will help provide a smoother application process for those seeking tax exemption,\u201d said Tammy Ripperda, Commissioner of the IRS Tax Exempt and Government Entities division. \u201cAs we\u2019ve seen with the 1023-EZ, we believe this change will help with application processing time and help with our wider efforts to improve our work with the tax-exempt community.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The IRS expects the electronic Form 1023 benefits to mirror those realized when Form 1023-EZ went online in 2014. IRS statistics show the 1023-EZ improved application processing time for both the Form 1023 and 1023-EZ while maintaining similar approval and rejection rates between the two forms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beginning Jan. 31, 2020, applications for recognition of exemption on Form 1023 must be submitted electronically online at www.pay.gov. The IRS will provide a 90-day grace period during which it will continue to accept paper versions of Form 1023 (Rev. 12-2017).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The required user fee for Form 1023 will remain $600 for 2020. <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Applicants must pay the fee through www.pay.gov when submitting the form. Payment can be made directly from a bank account or by credit or debit card.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Internal Revenue Service has revised Form 1023 to allow electronic filing for the first time starting later this month. To help charities apply for Section 501(c)(3) tax-exempt status, the IRS has revised Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, and its instructions. \u201cFiling electronically reduces errors, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2020-01-31T16:24:56Z","apple_news_api_id":"ac404174-119a-4790-9681-a345069135ec","apple_news_api_modified_at":"2020-01-31T16:24:56Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/ArEBBdBGaR5CWgaNFBpE17A","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/3246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/comments?post=3246"}],"version-history":[{"count":0,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/3246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media\/3247"}],"wp:attachment":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media?parent=3246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/categories?post=3246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/tags?post=3246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}