Update: IRS receives ACT Report; recommendations affect exempt organizations
IRS today receives report from the Advisory Committee of Tax Exempt and Government Entities (ACT). Committee member and Raleigh attorney Marty Martin presented recommendations from the Exempt Organizations group, which could affect about 1.5 million nonprofits nationally.
IRS makes progress in creating Interactive Form 1023
IRS goal of making Form 1023 interactive to increase accuracy and transparency – as well as make it easier for tax-exempt filers – is finally moving forward. The Exempt Organizations Division director credits fast-changing technology environment that is making once impossible tasks “very doable today.”