Advance Ruling Process Elimination - Transition Rules |
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Under the new regulations, section 501(c)(3) organizations that have received advance rulings that will expire on or after June 9, 2008, will be classified as publicly supported charities. These organizations and their donors may rely on the organizations' advance ruling determination, and the organizations no longer need to file Form 8734 with the IRS.
Organizations whose advance rulings had expired before June 9, 2008, and that did not submit Form 8734 to the IRS will be reclassified as private foundations unless they submit documentation to the IRS establishing that they met the public support test during the advance ruling period.
The IRS will process exemption applications submitted before the effective date of the new regulations under the new rules, as explained in Effect on Tax Forms.
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Page Last Reviewed or Updated: January 08, 2009