Announcement 2024-7: Effective dates for changes to user fee schedule for determination letters
Corrections to Appendix A of Rev. Proc. 2024-5 which omitted effective dates for certain changes to user fees in user fee schedule
Effective dates for changes to user fee schedule for determination letters
Internal Revenue Bulletin 2024-7 [PDF 883 KB] includes Announcement 2024-7 containing corrections to Appendix A, paragraphs (9), (10), and (11), of Rev. Proc. 2024-5 (determination letters (exempt organizations)), which omitted the effective dates for certain changes to the user fees in the user fee schedule.
Paragraphs (9), (10), and (11) of Appendix A of Rev. Proc 2024-5 now read as follows:
(9) Section 4942(g)(2) set asides – advance approval (Form 8940)
(a) Submissions prior to July 1, 2024 $2500
(b) Submissions on or after July 1, 2024 $3500
(10) Section 4945 advance approval of organization's grant making procedures (Form 8940)
(a) Submissions prior to July 1, 2024 $2500
(b) Submissions on or after July 1, 2024 $3500
(11) Section 4945(f) advance approval of voter registration activities (Form 8940)
(a) Submissions prior to July 1, 2024 $2500
(b) Submissions on or after July 1, 2024 $3500
For more information, contact your usual KPMG tax professional or one of the following Washington National Tax professionals:
Ruth Madrigal | ruthmadrigal@kpmg.com
Preston Quesenberry | pquesenberry@kpmg.com
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.