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May 26, 2009

IRS Explains How Organizations That Close Must Notify the Government

The Internal Revenue Service has released a fact sheet that explains the steps that tax-exempt organizations should follow to notify the government if they close or merge their operations.

“Most tax-exempt organizations that end their operations, either by shutting down, transferring their assets, or merging with another organization, must inform the IRS about the details of the action,” the revenue service said.

— Grant Williams

Tuesday May 26, 2009 | Permalink

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