January 29, 1998
IRS Clarifies Designation on Filing Rules Idea
The I.R.S. has clarified the identification number of its recent announcement on a proposed change in the threshold above which tax-exempt groups are required to file informational tax returns that detail their finances (The Chronicle, November 27).
Non-profit organizations must provide such a return -- known as the Form 990 -- if their annual gross receipts total more than $25,000. The I.R.S. is considering a proposal to raise that threshold, perhaps
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