Monday, November 08, 2004

Eye Opener

So I was sitting here filling in the IRS Form 1023 when I noticed the
instructions have a table with estimated time burdens for each step in the
process. The IRS estimates that recordkeeping for the main form will take
about 89 hours, 26 minutes. Add to that the time to learn the law (5 hours
10 minutes) and to actually fill out the form (9 hours 39 minutes) and
you've just spent two and a half weeks on this project. At which point you
are ready to start on Schedules A through H.

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