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Not For Profit/Exempt Organizations Blog

Monthly Archives: January 2014

IRS Introduces New Procedures for Reinstatement of Tax-Exempt Status

Posted in IRS Filings

Tax-exempt organizations that have had their tax-exempt status automatically revoked because of failure to file required annual returns for three consecutive years can follow new procedures for seeking reinstatement of their tax exemptions.  The IRS released these procedures in Revenue Procedure 2014-11 on January 2, 2014.  The Revenue Procedure, which is the first IRS guidance… Continue Reading

Appointment and Authority of Committees Under the New York Not-for-Profit Corporation Law

Posted in Governance

Under the Not-for-Profit Corporation Law (“NPCL”) it is relatively clear that (i) any committee with corporate authority must be comprised only of trustees, and (ii) committees must be appointed by the board, and not, for example, by the chair (other than special committees).  (The foregoing may not apply if otherwise provided by the certificate of… Continue Reading