IRS Announces Changes To Filing For Tax-Exempt Status

Ferrone & Associates CPAsBlog

The IRS announced changes to the process of applying for tax exempt recognition. Their revisions apply to Form 1024. The changes are part of an effort to move toward a more digitized process. Starting January 3, 2022 tax exemption filers must submit their applications online. However, The IRS will accept paper applications and letters within a 90-day grace period. The IRS stated that this change will: decrease processing time, reduce errors, and overall provide an easier filing experience.