February 10, 2014

On January 2, 2014, the Internal Revenue Service ("IRS") released Revenue Procedure 2014-11, which provides updated (and more lenient) reinstatement procedures for organizations that have had their tax-exempt status automatically revoked for failing to file annual information returns for three consecutive years. Revenue Procedure 2014-11, which modifies and supersedes the procedures described in IRS Notice 2011-44, provides some welcome relief to entities looking to restore their tax-exempt status.

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