tag:blogger.com,1999:blog-8504811174838510506.post120443941528806532..comments2024-03-26T05:19:02.375-04:00Comments on @LawyeronWheels: 1023-EZ: Why we chose the EZ path.RStrzalhttp://www.blogger.com/profile/00397163144935580422noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8504811174838510506.post-19962821489032821832015-03-05T17:25:29.430-05:002015-03-05T17:25:29.430-05:00One interesting caveat though. "Letter 5436&q...One interesting caveat though. "Letter 5436" is an annotation that appears at the very bottom of the page as if to de-emphasize its prominence. First "spoilers" of what EZ may contain before the form was released indicated it would prominently identify the form type itself. Not that it matters either way as the form itself is subject to the required public disclosure and may be reviewed by anyone for any purpose. Yes, IRS does instruct that the two types are functionally equivalent, but the concern is with practice, not theory- will grantors and estate attorneys trust an organization that wasn't vetted properly and is potentially at a greater risk due to revocation due to material misstatement - which is retroactive. RStrzalhttps://www.blogger.com/profile/00397163144935580422noreply@blogger.comtag:blogger.com,1999:blog-8504811174838510506.post-10875476868294498222015-03-05T16:20:04.691-05:002015-03-05T16:20:04.691-05:00Although irs.gov, Guidestar, etc. do not indicate ...Although irs.gov, Guidestar, etc. do not indicate the application form used, the IRS is using different approval letters for form 1023-EZ filers. Successful public charity EZ applicants receive Form Letter 5436, rather than FL 947, which is sent to long-form 1023 filers. If a grantor asks for a copy of your 501(c)(3) letter, they will know which application form you filed. The IRS has issued assurances that contributors may rely on a determination letter issued to an EZ applicant to the same extent as a determination letter issued to a long-form 1023 applicant. For more information about Form 1023-EZ, visit my 1023-EZ FAQs at 501c3book.org/Streamlined.html.Sandy Dejahttps://www.blogger.com/profile/15720122026579426287noreply@blogger.com