Which of the following statements is correct regarding the disclosure Regulations for exempt entities?
A) Posting the required tax forms on the Internet is an acceptable technique for satisfying the "widely available" requirement.
B) Forms 990 and 1023 must be readily available to the general public.
C) If an individual requests a copy of the required tax forms in writing, the exempt entity must provide a copy within 30 days.
D) Only a. and b. are correct.
E) a., b., and c. are all correct.

Question

Quizplus · Accepted Answer

Choice A is correct as the IRS considers posting the required tax forms on the Internet as an acceptable method of making them "widely available" to the public. Choice B is also correct as Forms 990 and 1023 must be readily available for public inspection and copying in accordance with the disclosure regulations. Choice C is correct as an exempt entity must provide a copy of the required tax forms within 30 days of receiving a written request from an individual. Therefore, all three statements are correct.

Which of the Following Statements Is Correct Regarding the Disclosure