COPIED from the IRS Website (www.irs.gov)
EO Newsletter Issue Number: 2009-16
- Form 990 Filing Tips and FAQs: Schedules
A and L
- New! Compliance Guide for Non-501(c)(3)
Tax-Exempt Organizations
- IRS Seeks Applicants for TE/GE Advisory
Committee
- Updated Disaster Relief Publication
Issued
- Compliance Guide for Public Charities
Updated
- Guidance Issued for Employers Eligible
to File Annual Return
- Weathering the Storm: Helping Exempt
Organizations in Troubled Times
- Western Conference on Tax-Exempt
Organizations
1. Form 990 Filing Tips and FAQs:
Schedules A and L
The IRS has issued frequently asked questions on
reporting public support and public charity
status (Schedule A) and
transactions with interested persons (Schedule
L) on forms 990 and 990-EZ for tax year
2008. These are the last in a series of tips for
filing the 2008 Form 990.
2. New! Compliance Guide for
Non-501(c)(3) Tax-Exempt Organizations
In Exempt Organizations' newest compliance
guide,
Pub. 4221-NC, Compliance Guide for
Tax-Exempt Organizations (other than 501(c)(3)
Public Charities and Private Foundations),
the IRS addresses activities that could
jeopardize an organization's exempt status and
discusses the general recordkeeping, reporting
and disclosure responsibilities that apply to
non-501(c)(3) exempt organizations.
3. IRS Seeks Applicants for TE/GE
Advisory Committee
The IRS is
seeking applications for vacancies on the
Advisory Committee on Tax-Exempt and Government
Entities (ACT). The ACT provides the IRS with
regular input from representatives of the TE/GE
community on IRS policies and procedures
affecting employee plans, exempt organizations,
Indian tribal governments, federal, state and
local governments, and tax-exempt bonds.
Vacancies are currently available for
representatives from the exempt organizations
(2) and employee plans (2) communities. For
additional information about the application
process, see this
notice published in the Federal Register.
4. Updated Disaster Relief
Publication Issued
The IRS has updated
Pub. 3833, Disaster Relief, Providing
Assistance Through Charitable Organizations.
Read the latest information about the tax rules
that apply to disaster relief providers,
including employer-related charities, the
special rules that apply to those who receive
assistance, and the tax treatment of donors in
disaster and emergency hardship situations.
5. Compliance Guide for Public
Charities Updated
Publication 4221-PC, Compliance Guide for
501(c)(3) Public Charities,
has been updated to incorporate changes in the
compliance requirements that apply to public
charities, and includes information about the
redesigned Form 990, the "e-Postcard," as well
as information about classification as a public
charity after the elimination of the advance
ruling process.
6. Guidance Issued for Employers
Eligible to File Annual Return
Form 944, Employer's Annual Federal Tax
Return, was designed to reduce the
burden on small employers by allowing them to
file one employment tax return to report their
employment taxes for an entire taxable year
instead of four employment tax returns (one for
each quarter).
Revenue Procedure 2009-51 sets out the
procedures for employers to follow to request
the annual return. In addition, it sets out the
procedures to be used by employers who
previously were notified to file Form 944 to opt
out and file the
Form 941, Employers Quarterly Tax Return.
7. Weathering the Storm: Helping
Exempt Organizations in Troubled Times
Did you miss EO's seminar at the 2009 Tax
Forums? If so, you can watch a recording of
Weathering the Storm: Helping Exempt
Organizations in Troubled Times at no cost,
or pay a $35 fee and earn continuing education
credit, on the
IRS Tax Forums Web site.
8. Western Conference on Tax-Exempt
Organizations
Register on-line now to attend the annual
Western Conference on Tax-Exempt Organizations on
November 19-20, 2009 at the Sheraton Los Angeles
Downtown Hotel in Los Angeles, CA. The two-day
program for tax professionals and exempt
organization executives is jointly sponsored by
IRS Exempt Organizations and Loyola Law School. |
