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
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