IRS Releases Simplified Application for Small 501(c)(3)’s
On July 1, 2014, the IRS released Form 1023-EZ and related guidance for small eligible organizations to apply for tax exempt status recognition using the simplified 1023-EZ. The streamlined application is available for most organizations with assets of $250,000 or less and annual … Continue reading
CDFI Fund Announces $3.5 Billion in New Markets Tax Credit Awards
The CDFI Fund has announced $3.5 billion in New Markets Tax Credit awards. Absent Congressional action, which most industry participants expect, this would be the final round of NMTC allocations. Click here for more information.