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EO Update August 5, 2008

Issue 2008-11

In This Issue

 


  1. Update on 2008 Draft Form 990 Instructions
  2. Memorandum Issued on Examinations of Internet Political Activity
  3. New Determinations Guidesheets on Donor Advised Funds Issued
  4. On-Line Resources - Political Intervention by 501(c)(3) Organizations
  5. Redesigned Form 990 - Filing Phase In
  6. e-File

 


1. Update on 2008 Draft Form 990 Instructions

The IRS has completed its review of public comment on the draft 2008 Form 990 instructions and expects to release the revised instructions later this month. Learn about some of the major anticipated changes here.

 


2. Memorandum Issued on Examinations of Internet Political Activity

A memorandum from the Director, Exempt Organizations Examinations, describes how the IRS will analyze political campaign activity issues involving websites of section 501(c)(3) organizations.

 


3. New Determinations Guidesheets on Donor Advised Funds Issued

New guidelines and explanatory materials to be used in processing applications for exemption under IRC 501(c)(3) submitted by sponsoring organizations that maintain donor advised funds are available.

 


4.     On-Line Resources - Political Intervention by 501(c)(3) Organizations

Do you know what constitutes political campaign intervention?  Find on-line educational resources about the prohibition on political campaign intervention by 501(c)(3) organizations on the Charities and Nonprofits pages of IRS.gov.


5.  Redesigned Form 990 - Filing Phase In

Are you unsure about which 990 series return your organization should file for 2008?  To allow organizations time to adjust to the redesigned 990 series returns, the IRS will phase in the use of the new Form 990 by organizations based on their financial activity.  See the charts on the Charities and Nonprofits Website to find out which form your organization should file during the phase-in period.

 



6.  e-File

 

E-File Statistics for Year-to-Date ending  July 27, 2008 

Form
Year-to-Date
990           27,338
990-EZ    
990-N
        6,051

    139,815
990-PF         3,956 
1120-POL                8
8868       37,652
7004 (for 1120-POL)
            100
Total Returns/Extensions      214,920

 


 

 

Page Last Reviewed or Updated: 03-Jun-2013