Form 8940 + Instructions

This new IRS Form provides exempt entities with the ability to request an official ruling on one of the following nine different determinations

Advance approval of certain set-asides
Advanced approval of voter registration activities
Advanced approval of scholarship procedures
Exemption from Form 990 Filing Requirements
Advance approval of the classification of an “unusual” grant
Changing a supporting organization’s “type” (Type I, Type II, Type III)
Reclassification of foundation status, including transitions from public charity to private foundation
Advanced ruling request: Termination of Private Foundation status
60 Month Period Ending: Termination of Private Foundation status

YH Advisors