ABA Comments on Proposed IRS Changes to Group Tax Exemptions: Solutions, Not More Problems
Group tax exemptions have long provided valuable benefits for many nonprofit organizations, allowing them to receive tax-exempt status through a central organization instead of applying directly to the IRS. Through its Notice 2020-36 issued this year, however, the IRS has proposed a new “Revenue Procedure” that could significantly limit and change this traditional administrative benefit for many nonprofits.