IRS Releases 2011 Annual Report and 2012 Work Plan for Exempt Organizations

On Feb. 8, 2012, the IRS Director of Exempt Organizations released the IRS's 2011 Annual Report and 2012 Work Plan for Exempt Organizations. The annual report and work plan are available for download at the IRS website. The work plan sets forth the IRS focus areas for 2012. Under the work plan, the IRS plans to continue to process applications for reinstatement of exemption from organizations whose exemptions were revoked under the provisions of the Pension Protection Act of 2006 for failure to file an annual return for three consecutive years. The IRS will also continue to work on guidance for hospitals under Section 501(r), qualified nonprofit health insurance issuers (known as Section 501(c)(29) organizations), and accountable care organizations.