Nonprofits are encouraged to review proposed IRS revisions to Form 1023, the application for recognition of exempt status under Section 501(c)(3), which includes charitable, educational, scientific, religious and other groups.
In Announcement 2002-92, issued Oct. 15, the IRS seeks comments from nonprofits, regulators, practitioners (attorneys and accountants) and others on: “1. Ease of comprehension, 2. Customer burden, 3. Technical accuracy, and 4. Sufficiency of information requested." The draft is based on comments received in a prior public comment period.