Tax Analysts is reporting that the Service is likely to soon reject inaccurate or incomplete paper information returns filed by exempt organizations. It notes that “Maria Hooke, director (exempt organizations examinations), IRS Tax-Exempt and Government Entities Division, pointed out that while faulty returns submitted electronically are rejected upfront, the IRS works with filers of paper returns to correct filing errors. The IRS is trying to change the process so that improperly submitted paper returns will also be rejected when filed, Hooke said at a Gulf Coast Area TE/GE Council program in Washington.”

See full report in Tax Notes Today (subscription required) 2017 TNT 116-6.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.