For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
The IRS Exempt Organizations unit will send questionnaires to a cross section of group tax exemption ruling holders exploring the practices used by central organizations to meet the requirements of Revenue Procedure 80-27. Many subordinate organizations in group rulings have lost their tax exemption for failure to file a Form 990, as part of a statutorily mandated automatic revocation, Holly Paz, IRS acting director of IRS Exempt Organizations rulings and agreements, says. There may be a need for more education on what these subordinate organizations' responsibilities are, she says.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)