On September 16, 2008, the IRS released Determination Letter 200851031 – a revocation letter of 501(c)(3) exempt status for the applicant organization’s failure to pass both the organizational and operational tests required of 501(c)(3) organizations by the Department of the Treasury. Regarding the organizational test, the IRS cites the...
IRS & FEDERAL TAX ISSUES
Final 2008 Form 990 Released
The IRS has now finalized the 2008 Form 990 and Form 990-EZ information returns for tax-exempt organizations. As noted in previous posts, the Form 990 has not undergone major revisions in almost 30 years. According to IRS Commissioner Doug Shulman, "he revised form will give the IRS and the...
ABC’s for Exempt Organizations – from the IRS
The IRS article “ABC’s for Exempt Organizations” features links that a founder or manager of a new organization may find helpful on subjects including: Life Cycle of an Exempt Organization: Helpful information about points of intersection between tax-exempt organizations and the IRS, including access to explanatory information and forms that...
990’s for Real People – Presented by Eve Borenstein
I had the pleasure to attend a day-long Alliance for Justice program last week on the new Form 990 presented by Eve Borenstein, a highly respected exempt organizations attorney who I consider the go-to person on this subject. Here are some of the highlights of the introductory portion of the program:...
IRS Exempt Organizations Division 2009 Work Plan
Improved Service to Achieve Voluntary Compliance Preparing and Helping to File the Form 990 (speeches, workshops, tax forums) Form 990-N (e-Postcard) Guidance (including proposed regulations on (i) new requirements for supporting organizations, and (ii) excise taxes on donor advised funds; and final regulations on excise taxes on prohibited tax shelter...
Tax and Employment Issues Affecting Nonprofits – November 14, 2008
Yesterday, I filled in for an IRS speaker at a continuing legal education program on "Tax and Employment Issues Affecting Charitable Nonprofits" at the Bar Association of San Francisco. Rebecca Benhuri, an associate attorney with Jackson Lewis LLP, focused on the employment issues, and I covered the following IRS areas of interest: Governance...
IRS Eliminates Advance Rulings Process
On September 8, 2008, the IRS issued new regulations that eliminate the public charity advance ruling process. IR-2008-102, “IRS Streamlines Application Process for New Tax-Exempt Organizations,” stated in part: The Internal Revenue Service and the Treasury Department today issued new regulations that do away with the so-called advance rulings...
Disaster Relief (2008 Update)
For charities and contributors involved in disaster relief efforts, the IRS website includes an article that provides several helpful resources. The FAQs address the following areas: Providing relief through an existing charitable organization. Creating a charitable organization to provide disaster relief. Providing relief to employees of particular employers. Charitable...
IRS Tax Guide for Churches and Religious Organizations
IRS Publication 1828 (last revised August 2015), Tax Guide for Churches and Religious Organizations, explains the benefits and the responsibilities under the federal tax system for churches and religious organizations. Here is a list of the topics discussed: Tax-Exempt Status Jeopardizing Tax-Exempt Status Unrelated Business Income Tax Employment Tax...
IRS Releases Instructions to Redesigned Form 990
On August 19, 2008, the IRS released the revised instructions to the redesigned Form 990, which must be filed starting with tax years ending December 31, 2008. Click here for the press release. Click here for the instructions. Click here for three background documents related to the redesigned Form...
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