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Abstract: 

The IRS has issued Rev. Proc. 2014-11 (2014-3 I.R.B. 1), which provides procedures for reinstating organizations that have had their tax-exempt status automatically revoked for failure to file annual information returns (Form 990 series). The new guidance is more taxpayer favorable as it allows retroactive reinstatement in more situations than previously allowed. In this article, Katherine David comprehensively reviews and analyzes the new provisions and explains how foundations can use the new guidance to reinstate a revoked exemption.

Keywords: Rev. Proc. 2014-11; failure to file

Affiliations:  1: Strasburger & Price, LLP.