An examination can result in the following actions: No change to the organization's exempt status or tax liability, No change to the organization's status or liability, with an advisory and later IRS follow-up to see if advice has been followed, Imposition of tax (unrelated business income, employment, or excise) and/or penalties, Revocation of the IRS's determination that the organization is tax-exempt, and/or Reclassification of foundation status (for § 501(c)(3) organizations and § 4947(a)(1) trusts only). Return to Life Cycle of a Public Charity Return to Life Cycle of a Social Welfare Organization Return to Life Cycle of a Labor Organization Return to Life Cycle of an Agricultural or Horticultural Organization Return to Life Cycle of a Business League (Trade Association)
