New restructuring rules may reduce a nonprofit’s filing burden - Crawford Ellenbogen

Is your not-for-profit thinking about merging or restructuring?
Recently, the IRS made the process easier for some organizations. Under
previous IRS rules, nonprofits were required to file new exemption applications
when they made certain changes to their structure. Each change was seen as
creating a new legal entity that needed an exemption application. Under Revenue
Procedure 2018-15, certain nonprofits need only report significant changes on
their Forms 990. To qualify, your nonprofit must be a U.S. corporation or
unincorporated association and exempt as a 501(c) organization. Contact us to
learn more.