Thursday, December 15, 2022

NASCO Asks For Timely Availability of Form 990 Data and Revisiting Use of Form 1023-EZ

DownloadResponding to the IRS' request for comments on tax-exempt organization forms, the National Association of State Charity Officials (NASCO) submitted a letter late last month with two requests that highlight the extent to which state officials rely on the IRS in policing charities.

First, NASCO stated its members had noticed significant lags between when charities file Forms 990 and they become publicly available. It therefore asked the IRS to address delays in the timely availability of these forms.

Second, NASCO repeated its concerns about the Form 1023-EZ and continued to call for elimination or at least revision of this form.  The letter stated that among their concerns NASCO members "continue to be concerned that the ability to use Form 1023-EZ in place of Form 1023 has made it easier for 'scam' charities to obtain 501(c)(3) status," citing the recent Treasury Inspector General for Tax Administration report on this topic.

Lloyd Mayer

https://lawprofessors.typepad.com/nonprofit/2022/12/nasco-asks-for-timely-availability-of-form-990-data-and-revisiting-use-of-form-1023-ez.html

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