EO Update January 13, 2009
Inside This Issue:
- Charitable Hospitals: Modern Trends, Obligations and Challenges
- Reqister Now for Spring Workshops for Small and Mid-Sized Exempt Organizations
- Rev. Proc. 2009-4: Revised Procedures for Issuance of Ruling and Information Letters
- Rev. Proc. 2009-5: Revised Procedures for Issuance of Technical Advice
- Rev Proc. 2009-8: New User Fees for Exempt Organization Matters
- New Mailing Address for Applications for Exemption
- Rev. Proc. 2009-13: Qualification to File Form 944, Employer's Annual Tax Return
- Notice 2009-1: Special Rule for Section 529 Plans for 2009
1. Charitable Hospitals: Modern Trends, Obligations and Challenges
Read remarks on community benefit and nonprofit hospitals by TE/GE Commissioner Steven T. Miller before the Office of the Attorney General of Texas, Austin, TX.
2. Reqister Now for Spring Workshops for Small and Mid-Sized Exempt Organizations
These introductory one-day workshops, designed for administrators or volunteers responsible for an organization's tax compliance, will be held in Los Angeles, CA (March 3, 4, and 5), Minneapolis, MN (April 28, 29, and 30), and Boston, MA (June 9, 10, and 11).
3. Rev. Proc. 2009-4: Revised Procedures for Issuance of Ruling and Information Letters
The IRS has issued revised procedures for the issuance of ruling letters, information letters, etc., on matters related to Code sections under the jurisdiction of the Commissioner, Tax Exempt and Government Entities.
4. Rev. Proc. 2009-5: Revised Procedures for Issuance of Technical Advice
Revised procedures for furnishing technical advice to area managers and appeals offices by the Commissioner, Tax Exempt and Government Entities, regarding exempt organizations matters have been issued.
5. Rev Proc. 2009-8: New User Fees for Exempt Organization Matters
Comply with the latest guidance on user fees that pertain to requests for letter rulings and determination letters on exempt organizations matters.
6. New Mailing Address for Applications for Exemption
Remember to use the new mailing address when filing Forms 1023, 1024, 8734, and 8718. If you mailed a form recently, the Postal Service will forward it to the new address.
7. Rev. Proc. 2009-13: Qualification to File Form 944, Employer's Annual Tax Return
Form 944, Employer's Annual Federal Tax Return, permits certain employers to file employment tax for the entire year rather than by quarters. The IRS has issued new procedures for employers to request notification of their qualification to file Form 944.
The Revenue Procedure also sets out procedures for employers who wish to file Forms 941, Employer's Quarterly Federal Tax Return, instead of Form 944 for tax year 2009.
8. Notice 2009-1: Special Rule for Section 529 Plans for 2009
In response to concerns caused by the recent conditions of the financial markets, this notice amends the provisions of Notice 2001-55 to permit a qualified tuition program to change the investment strategy selected for an account twice per calendar year (rather than once per year) for 2009, as well as upon a change in the designated beneficiary of the account.
It is expected that the final regulations will incorporate this special rule for 2009. Public comments on the matter and any other other comments on section 529 are invited.