Bulletin No. 2014–30 July 21, 2014

EXEMPT ORGANIZATIONS

T.D. 9674, page 225. This document contains regulations that provide guidance to eligible organizations seeking recognition of tax-exempt status under section 501(c)(3). The regulations amend current regulations to allow the Commissioner to adopt a streamlined application process that eligible organizations may use to apply for recognition of tax-exempt status under section 501(c)(3).

REG–110948–14, page 239. This document contains regulations that provide guidance to eligible organizations seeking recognition of tax-exempt status under section 501(c)(3). The regulations amend current regulations to allow the Commissioner to adopt a streamlined application process that eligible organizations may use to apply for recognition of tax-exempt status under section 501(c)(3). Comments requested by September 30, 2014.

Rev. Proc. 2014–40, page 229. This revenue procedure sets forth procedures for applying for and for issuing determination letters on the exempt status under section 501(c)(3) of the Internal Revenue Code using Form 1023–EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code . This revenue procedure is generally available for certain U.S. organizations with assets of $250,000 or less and annual gross receipts of $50,000 or less. This revenue procedure amplifies Rev. Proc. 2014–9, Rev. Proc. 2014–10, Rev. Proc. 2014–4, Rev. Proc. 2014–5, and Rev. Proc. 2014–11; and supplements Rev. Proc. 2014–8. This revenue procedure is effective July 1, 2014.