IRS Announcement: List of Revocations on Exempt Status (IRC §501)

Revocation of exempt status for several organizations for failure to meet tax code Section 501(c)(3) requirements published by the IRS December 3. Contributions made to the organizations by individual donors are no longer deductible under Section 170(b)(1)(A) after the date of publication. If the organization timely files a suit for declaratory judgment, contributions from individuals and organizations described in Section 170(c)(2) that are otherwise allowable will continue to be deductible, the IRS stated. Protection under Section 7428(c) would begin on December 6, 2021, and would end on the date the court first determines the organization is ...