Weir also stated that the IRS believes that the new streamlined exemption application (Form 1023-EZ) has been a success. He reported that the IRS has closed most of the streamlined applications in about 11 days with 95% of the applications being approved.
It’s unclear though whether or not this should actually be considered a success. There are ongoing concerns in the exempt organizations sector that the streamlined application may be allowing undeserving organizations to obtain recognition of exemption. Acknowledging these concerns, Weir said that the IRS is planning to use a “pre- and post-determination process” involving correspondence exams to more closely review a sample of applications.
Did your organization file a Form 1023-EZ? What do you think of the new form?