IRS Simplifies Tools For Donors To Tax-Exempt Organizations
By Shira Helstrom ( June 27, 2018, 6:17 PM EDT) -- The Internal Revenue Service recently consolidated its guidance on deductibility and reliance issues for grantors and contributors. Revenue Procedure 2018-32 combines the safe harbors previously provided in Revenue Procedures 81-6, 81-7 and 89-23 with the reliance guidance of Revenue Procedure 2011-33, updates the guidance to reflect the new IRS tax-exempt organization search and replaces the prior Revenue Procedures with one revenue procedure setting forth the extent to which grantors and contributors can rely on an IRS database that lists an organization as eligible to receive tax-deductible contributions under Section 170 of the Internal Revenue Code or as a public charity under Section 509....
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