Charity Channel | Don Kramer | May 16, 2014
“The IRS has issued a new Revenue Procedure (2014-11) outlining four ways for tax-exempt organizations that have lost their exempt status for failing to file required tax returns for three consecutive years to regain their exempt status, with possible retroactive reinstatement. The procedures differ based on the size of the organization, the speed after revocation with which it acts, and whether it has a claim of “reasonable clause” for failure to file its returns.”