The IRS has posted the second edition of the Internal Revenue Bulletin for 2016 (IRB 2016-2, dated January 11, 2016), providing text of an “annual revenue procedure” for issuing determination letters on the private foundation status of organizations exempt from tax.
Rev. Proc. 2016-10 is a general update of Rev. Proc. 2015-10. However, one change reflects a modified provision. That change eliminates a sentence indicating that an organization could request a letter ruling from the Associate Chief Counsel (Tax Exempt and Government Entities (TEGE)) that “a given change in facts and circumstances will not adversely affect exempt status because Rev. Proc. 2016-3 … has been amended to provide that the Associate Chief Counsel (TEGE) will not issue such letter rulings.”
Read text of Rev. Proc. 2016-10 in IRB 2016-2 [PDF 174 KB]
For more information, contact the Managing Director-in-Charge of KPMG's Washington National Tax Exempt Organizations Tax group
D. Greg Goller | +1 (703) 286- 8391 | firstname.lastname@example.org
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