IRS Business Master File issues plague exempt organizations

Now that the Nov. 15 deadline for many exempt organizations is over, it is time to reflect on the challenges tax practitioners serving exempt organizations (EO) have encountered. Members of AICPA’s Exempt Organizations Taxation Technical Resource Panel (TRP) shared their experiences, and the many issues connected with the IRS’ Exempt Organizations Business Master File (EO BMF). Errors in the information contained in the EO BMF, and the inability to update the system promptly, have caused considerable disruptions for many tax-exempt