IRS INVITES COMMENTS ON APPLICATION FOR TAX-EXEMPT STATUS

Thursday, February 1, 2007 - 7:30am

The Internal Revenue Service (IRS) today invited comments from not-for-profit organizations seeking exemption under certain parts of Internal Revenue Code (IRC) Section 501(c). These organizations are required to submit a letter of application that the IRS uses to determine whether the organization meets the legal requirements for tax-exempt status. In addition, the IRS says information will be used to delete certain information from the text of an adverse determination letter or ruling before it is made available for public inspection, as required under IRC Section 6110. Written comments should be received on or before April 2, 2007 to be assured of consideration. Click here for more information on submitting comments.