EO Update January 20, 2010
Issue Number: 2010-2
Inside This Issue
- Providing Earthquake Relief to Haiti
- Form 990 Resources and Tools
- Understanding IRS Notices and Letters
- Form 8872 Filing Dates for 2010
- Revenue Procedure 2010-9: Determinations and Rulings
1. Providing Earthquake Relief to Haiti
Many individuals, businesses and charitable organizations wish to provide assistance to the victims of Haiti's recent earthquake. Consult Disaster Relief Resources for Charities and Donors on IRS.gov to get information about how to provide assistance to victims through a charitable organization.
to domestic tax-exempt, charitable organizations that provide assistance to individuals in foreign lands qualify as tax-deductible contributions for federal income tax purposes, provided that the U.S. organization has control and discretion over the use of funds. Donors should ensure that they make contributions to qualified charities. Use the Search for Charities function on IRS.gov to see if the charity you intend to support is a qualified charity listed in Pub. 78. Certain organizations, such as churches or governmental organizations, may be qualified to accept charitable contributions, even though they are not listed in Pub. 78.
2. Form 990 Resources and Tools
Find helpful links to 990 resources and tools tailored to meet the specialized needs of exempt organizations, tax professionals, the general public and contributors, and researchers (including the media) on IRS.gov.
3. Understanding IRS Notices
The IRS is in the process of streamlining and simplifying its notices and letters as part of an ongoing effort to improve the way it corresponds with taxpayers. It has recently redesigned certain notices, including CP Notice 120, You need to send us documentation of your tax-exempt status. Find useful resources to help you understand and respond to a CP 120 notice or other IRS notice and letters on IRS.gov.
4. Form 8872 Filing Dates for 2010
Unless excepted, tax-exempt political organizations are required to file periodic reports of contributions and expenditures with the IRS on Form 8872. Form 8872 filing due dates for 2010 have been posted on IRS.gov.
In addition, political organizations are reminded that those who elected to file on a semi-annual basis for 2009, as well as those who elected to file on a monthly basis, must file their final Forms 8872 for 2009 by February 1, 2010.
5. Revenue Procedure 2010-9: Determinations and Rulings
The IRS has issued its annual update of the procedures for issuing determination letters and rulings on organizations exempt under sections 501 and 521 of the Code. The procedures also apply to the revocation and modification of determinations or rulings, and provide guidance on the exhaustion of administrative remedies for purposes of declaratory judgments under section 7428.