An examination can result in the following actions:
No change to the organization's exempt status or tax liability,
No change to the organization's status or liability, with an advisory and later IRS follow-up to see if advice has been followed,
Imposition of tax (unrelated business income, employment, or excise) and/or penalties,
Revocation of the IRS's determination that the organization is tax-exempt,
Modification of the IRS's determination of tax-exempt status (for example, reclassifying an organization recognized as exempt as a social welfare orgnaizaton under Code § 501(c)(4) as a business league described in
§ 501(c)(6)), and/or
Reclassification of foundation status (for § 501(c)(3) organizations and § 4947(a)(1) trusts only).