| Disclosure requirement for exempt organizations is now eased by the IRS!
The IRS has now eased a disclosure requirement for exempt organizations. The Form 990-T the required tax return to be filed when exempt groups report and pay taxes on unrelated business income has to be made publicly available for only three years after the return is filed.
Previously, the requirement was that these tax returns were to be made available to the public indefinitely. This new rule applies to Form 990-T tax returns filed with the Service after August 17, 2006.
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