Understand the process for applying for reinstatement, and identify common issues faced by organizations before and after revocation.
Tax-exempt organizations may be surprised to find that their tax-exempt status has been automatically revoked by the IRS. Often, this may be the result of issues within the organization, or confusion about requirements for tax-exempt organizations. This can make the process for applying for reinstatement of tax-exempt status more complicated than expected. This presentation will help tax-exempt organizations understand the process for applying for reinstatement, and identify and address common issues faced by organizations before and after revocation. The live webinar will also present examples of revocations and reinstatements. This workshop will help tax-exempt organizations avoid common pitfalls and help set tax-exempt organizations up for success when applying for reinstatement of tax-exempt status.
Learning Objectives
- You will be able to define what the reinstatement process is.
- You will be able to describe the various steps for application for reinstatement.
- You will be able to discuss what organizations should consider during the reinstatement process.
- You will be able to explain what a reasonable cause statement is.
Agenda
Overview of Streamlined Retroactive Reinstatement
- Who’s Eligible
- Steps to Apply
Overview of Full Retroactive Reinstatement (Both Within and After 15 Months)
- Who’s Eligible
- Steps to Apply
Reasonable Cause Statement
- Overview
- Examples
Issues Faced by Organizations Before and After Revocation
- Overview
- Examples
Examples/Case Studies of Reinstatements
- Examples of Different Types of Reinstatements, and Considerations Presented by Each
Speakers
Drew Douglas-Steele,
Casner & Edwards, LLP- Associate at Casner & Edwards, LLP,
- Specializes in nonprofit and corporate law
- Nonprofit Practice includes Formation, dissolution, tax-exempt status, governance, and contract review. Corporate Practice includes Contracts, mergers, acquisitions, and entity formation
- Presented on Corporate Transparency Act, slides for Providers’ Council 2023 Annual Convention
- Updated MCLE MA nonprofit chapters, prepared IRS forms, and client alerts on the charitable deduction
- Member of the American Bar Association, Massachusetts Board of Bar Overseers
- B.A., Amherst College; J.D., Duke University School of Law;
Who Should Attend
This live webinar is designed for attorneys, CPAs, accountants, controllers, CFOs, executive directors, officers, presidents, vice presidents, CEOs, tax managers, board members, and enrolled agents.
