NYC Bar Assocation: IRS Should Issue Revenue Ruling on Certain EO Entity Changes

As reported by the Daily Tax Report, the NYC Bar Association has requested that the IRS issue a revenue ruling confirming the agency’s stance in two 2014 private letter rulings that the exempt organization was not required to obtain a new exemption letter upon a change of domicile or in the case of certain conversions (See PLR 201446025 PLR 201426028).

The IRS has responded that the issue will likely be addressed through a guidance project.

Nicholas Mirkay