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IRS Needs to Spruce Up Follow-Up on Foundation Rulings, Says Treasury Inspector General  


Author:  Staff Editors.


Source: Volume 03, Number 01, November/December 2003 , pp.10-10(1)




Family Foundation Advisor

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Abstract: 

A study by the Treasury Inspector General for Tax Administration, culminating in a formal report issued n August, 2003, concluded that there was room for improvement in the IRS processing of “Foundation Follow-Up reviews.” These reviews are the final step in the IRS processing of an exemption application for an organization that claims it is publicly supported and hence is not a private foundation.

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