September 9th, 2008
The IRS Calls It “Streamlined”: New Regs for Applying for Status
The IRS and the Treasury Department have issued new regulations that they claim will “streamline” the approval process for organizations seeking tax-exempt status for publicly supported charities.
What the regs do, realistically, is eliminate advance rulings for public supported charities. This became possible after a recent redesign of the federal form 990 which allows charities [...]

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