By
Kathleen Stephenson
and Lisa Petkun
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
1. Five-year review of tax-exempt status
The staff report proposes that every five years a tax-exempt organization must submit detailed information justifying its exempt status. This information would include conflicts of interest policies; management policies regarding best practices; financial statements; and a detailed narrative about all the organization’s policies and practices. This information would be made available to the public, and failure to file would result in loss of exempt status. Currently, exempt organizations have no such requirement, and many in the nonprofit community believe this will place an undue burden on organizations.
0 Comments
View Comments
- Companies:
- Internal Revenue Service
Kathleen Stephenson
Author's page
Lisa Petkun
Author's page
Related Content
Comments