Article Archives >> Ready Reference >> November 16-30, 2004
Preview of Article:
New Form 1023 Adds Many QuestionsFocusing on Currently Hot Issues
IRS says answers will reduce need for follow-up
and speed decisions on applications for exemption
Excerpt
The IRS has released a revised Form 1023 Application for Recognition
of Exemption of charities that it says will require additional effort
on the part of the applicant but will reduce the need for follow-up
correspondence and speed the time for determination. It focuses
heavily on current hot-button issues of potentially abusive transactions
and situations, including compensation, conflict of interest relationships,
donor advised funds, membership benefits, and operations abroad.
Article Archives >> Ready Reference >> November 16-30, 2004
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