IRS Streamlines Application Process for New Tax-Exempt Organizations
"IR-2008-102, Sept. 8, 2008
WASHINGTON — The Internal Revenue Service and the Treasury Department today issued new regulations that will streamline the approval process for organizations seeking tax-exempt status as publicly supported charities.
The new regulations do away with the so-called advance rulings that granted public charity status for an initial five-year period but required exempt organizations to demonstrate, after the initial period, that they in fact received a substantial part of their support from public sources to receive a final determination letter."
http://www.irs.gov/newsroom/article/0,,id=186513,00.html
