Updated Procedures For Reinstating Tax-Exempt Status: IRS Issues Revenue Procedure 2014-11

In This Issue:

- What You Need to Know

- Methods to Reinstate Tax-Exempt Status Smaller Organizations Applying Within 15 Months of Revocation Date

- Organizations Not Eligible for the Streamlined Process Applying Within 15 Months of Revocation

- Organizations Applying for Retroactive Reinstatement 15 Months After Revocation Date

- Organizations Not Applying for Retroactive Reinstatement

- Reasonable Cause Standard

- Applicability of Revenue Procedure 2014-11

- What You Should Do Now

- For More Information

- Excerpt from What You Need to Know:

Methods to Reinstate Tax-Exempt Status -

Revenue Procedure 2014-11 outlines four methods that an organization may use to have its tax-exempt status reinstated. Reinstatement may be granted either to the date that the organization files an application for reinstatement (its postmark date) or, more favorably, retroactive to the date that the IRS revoked its tax-exempt status (its revocation date).

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Exempt Organizations, Income Taxes, Reinstatement, Tax Exemptions

Published In: Civil Procedure Updates, Nonprofits Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Polsinelli | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »