An organization normally may be granted an advance ruling period of five taxable years, allowing
it to operate as a public charity rather than as a private foundation.
Ninety days after the end of the advanced ruling period, the organization may submit Form
8734 (Support Schedule for Advance Ruling Period). Failure to submit Form 8734 results in the organization
automatically being reclassified as a private foundation required to file Form 990PF.
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