IRS Declares Announcement 2010-12 Regarding Type III Supporting Orgs Obsolete

IRS Declares Announcement 2010-12 Regarding Type III Supporting Orgs Obsolete

News story posted in IRS Announcements on 25 March 2012| comments
audience: National Publication | last updated: 27 March 2012
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Summary

In 2010 the IRS issued Announcement 2010-19 in which it described procedures for certain charitable trusts that classified themselves as private foundations after August 16, 2007, to be reclassified as Type III supporting organizations. These procedures applied to trusts that met the requirements to be classified as a Type III supporting organization through the end of the 2008 taxable year (including by meeting the significant voice responsiveness test for periods after August 16, 2007), but erroneously filed Form 990-PF and paid Internal Revenue Code § 4940 tax for the 2008 taxable year. In Announcement 2012-12, the IRS has now clarified that since it subsequently updated its procedures for an organization to obtain a determination regarding its foundation status, Announcement 2010-19 is now obsolete. 

Announcement 2012-12; 2012-12 IRB 562

Full Text:

Procedures for Certain Trusts that Qualify as
Type III Supporting Organizations,
Announcement 2010-19 Obsolete

Announcement 2010-19, 2010-14 I.R.B. 529 (April 5, 2010), described procedures for certain charitable trusts that classified themselves as private foundations after August 16, 2007, to be reclassified as Type III supporting organizations. These procedures applied to trusts that met the requirements to be classified as a Type III supporting organization through the end of the 2008 taxable year (including by meeting the significant voice responsiveness test for periods after August 16, 2007), but erroneously filed Form 990-PF and paid Internal Revenue Code § 4940 tax for the 2008 taxable year. Announcement 2010-19 explained, among other things, how such a trust could request a ruling that it was, and continued to be, a Type III supporting organization described in § 509(a)(3).

Since Announcement 2010-19 was issued, the IRS has updated its procedures for an organization to obtain a determination regarding its foundation status. See Rev. Proc. 2012-10, 2012-2 I.R.B. 273. In addition, in June 2011 the IRS released Form 8940, Request for Miscellaneous Determinations Under Section 507, 509(a), 4940, 4942, 4945, and 6033 of the Internal Revenue Code, referenced in Rev. Proc. 2012-10, which describes the detailed procedures for a "[c]hange in Type (or initial determination of Type) of a section 509(a)(3) organization" (Part II, box 8f) and a "Reclassification of foundation status, . . ." (Part II, box 8g). A user fee applies to these determinations.

Accordingly, Announcement 2010-19 is hereby declared to be obsolete.

For further information regarding this announcement, contact Mike Repass of the Exempt Organizations, Tax Exempt and Government Entities Division at (202) 283-8924 (not a toll-free call). 

 

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