The Internal Revenue Service has issued a new Revenue Procedure ( 2024-5 ) providing that it will now issue a determination letter to an organization currently recognized as a charity described in section 501(c)(3) of the Tax Code that seeks recognition as an organization described in a different paragraph of section 501(c). The new determination letter will be issued only if the organization represents that its assets have been distributed to another 501(c)(3) or government entity and that the organization meets the requirements of the other section of 501(c). The new classification will be effective only from the date of the submission of the request. A 501(c)(3) organization seeking to...