Annual revenue procedures for 2019 for exempt organizations

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:

• Section 4942(g)(2) - advance approval of “set-asides”
• Section 4945 - advance approval of grantmaking procedures
• Section 4945(f) - advance approval of voter registration activities

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:

• Rev. Proc. 2019-1 - Letter rulings, information letters, and determination letters
• Rev. Proc. 2019-2 - Technical advice
• Rev. Proc. 2019-3 - Areas in which rulings will not be issued (domestic area)
• Rev. Proc. 2019-4 - Determination letters and letter rulings (tax-exempt and government entities, employee plans)
• Rev. Proc. 2019-5 - Determination letters (exempt organizations)
• Rev. Proc. 2019-7 - Areas in which rulings will not be issued (international area)

For more information, contact a tax professional with KPMG’s Washington National Tax practice:

Preston Quesenberry | +1 202 533 3985 | pquesenberry@kpmg.com

The information contained in TaxNewsFlash is not intended to be "written advice concerning one or more Federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230, as the content of this document is issued for general informational purposes only, is intended to enhance the reader’s knowledge on the matters addressed therein, and is not intended to be applied to any specific reader’s particular set of facts. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Applicability of the information to specific situations should be determined through consultation with your tax adviser.
 

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.
 

Direct comments, including requests for subscriptions, to Washington National Tax. For more information, contact KPMG’s Federal Tax Legislative and Regulatory Services Group at + 1 202.533.4366, 1801 K Street NW, Washington, DC 20006-1301.
 

To unsubscribe from TaxNewsFlash-United States, reply to Washington National Tax.
 

Privacy | Legal