Want to Move Your State of Incorporation?
Recent IRS Guidance Made it Easier
Has your organization moved from the state it was incorporated? If so, you may want to consider re-structuring your legal entity under the new guidance issued by the IRS. In Rev. Proc. 2018-15, the IRS announced that a new exemption application is not required if a domestic tax-exempt organization changes its legal structure or re-incorporates in another state. Under prior IRS guidance, an organization was required to file a new exemption application in order to keep its exemption if it made any of these changes. Continue reading “Want to Move Your State of Incorporation?”