Nonprofit Law Podcast #44: Streamlining

Streamlining

Download: Nonprofit Law Podcast #44 (mp3, 5:13)

Shownotes

Intro

Tim Mooney… Welcome to the Nonprofit Law Podcast
Your guide to the laws impacting nonprofits.
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- - This podcast is dedicated to the memory of Sean May. To learn more about Sean, please visit seanmaymemorial.com. - -


One less step in organizing a nonprofit!

Straight from the IRS:

The Internal Revenue Service and the Treasury Department today issued new regulations that will streamline the approval process for organizations seeking tax-exempt status as publicly supported charities.

The new regulations do away with the so-called advance rulings that granted public charity status for an initial five-year period but required exempt organizations to demonstrate, after the initial period, that they in fact received a substantial part of their support from public sources to receive a final determination letter.

Resources

IRS Streamlines TEO Application Process - Nonprofit Law Prof Blog
IRS Streamlines Application Process for New Tax-Exempt Organizations - IRS Press Release

Closing
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This podcast provides general information about legal topics but it is not a complete discussion of all legal issues that arise in relation to nonprofits nor is it a substitute for legal advice. This podcast does not create an attorney-client relationship. This is general legal information and the contributors make no warranties regarding the general legal information provided in this podcast , and disclaim liability for damages resulting from its use to the fullest extent permitted by the applicable law