IRS Releases Papers on Governance Matters

The Internal Revenue Service has publicly released educational materials on governance matters that it has been using recently to train its agents and employees.

The IRS says its "areas of interest" include boards that are "active and engaged," "appropriately sized," and "composed of primarily independent members." It adds in boldface type: "Warning — these are areas of interest, not requirements for exemption."

The materials are of interest to charities because of

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