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Exempt organization secures IRS ruling

April 2014

Clients Exempt organization

Jones Day assisted a section 501(c)(3) organization in getting a novel IRS private letter ruling confirming that the organization did not need to make a new application for recognition of tax-exempt status after redomesticating from one state to another. The organization and its outside counsel sought Jones Day's assistance after the IRS initially proposed to deny the ruling. Our
participation in discussions with the IRS and preparation of an additional submission were instrumental in obtaining the favorable ruling.

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