EXEMPT ORGANIZATIONS

Rev. Rul. 2003–49, page 903. Reporting requirements for section 527 organizations. This ruling provides questions and answers regarding the reporting and disclosure requirements for political organizations described in section 527 of the Code. Rev. Rul. 2000–49 modified and superseded.

Announcement 2003–29, page 928. The Service requests public comment on how it might clarify existing requirements that section 501(c)(3) organizations must meet with respect to international grant-making and other international activities. The IRS seeks comments on how new guidance might reduce the possibility of diversion of assets for noncharitable purposes.

Announcement 2003–30, page 929. The Service withdraws Announcement 99–45 relating to the deletion of an organization to which contributions are deductible under section 170 of the Code. The Abraham Lincoln Opportunity Foundation will be treated as having been on the Cumulative List retroactively for all periods that it was in existence.

Announcement 2003–31, page 930. A list is provided of organizations now classified as private foundations.

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