December 28, 2018
The IRS has posted the first edition of the Internal Revenue Bulletin for 2019 (IRB 2019-01, dated January 2, 2019) providing the “annual revenue procedures” for 2019—including two that specifically concern exempt organizations.
Rev. Proc. 2019-5, which sets forth procedures for issuing determination letters to exempt organizations, increased the user fee—from $1,000 to $2,000—for submissions postmarked on or after July 1, 2019, involving the following determinations:
In addition, the user fee for a standard private letter ruling has increased from $28,300 to $30,000 for requests received after February 1, 2019. See Rev. Proc. 2019-1.
IRB 2019-01 [PDF 935 KB] provides, in 277 pages, these six annual revenue procedures:
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Preston Quesenberry | +1 202 533 3985 | firstname.lastname@example.org