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EO Update January 18, 2007

Issue Number 2007-2

Inside This Issue

 


  1. Additional Resource Information for the Telephone Excise Tax Refund
  2. IRA Rollovers to Charities under the Pension Protection Act
  3. 2006 Forms
  4. New Revenue Procedures
  5. e-File News

 


1. Additional Resource Information for the Telephone Excise Tax Refund

Additional help is available for exempt organizations to claim a refund of telephone excise taxes paid. In addition to the "Question and Answers" article, please see the "Frequently Asked Questions" article at the bottom of the webpage and Fact Sheet 2007-1.

 


2. IRA Rollovers to Charities under the Pension Protection Act

Notice 2007-7 issued January 10, 2007 clarifies several issues concerning the provision permitting Individual Retirement Account ("IRA") owners age 70 ½ or older to directly transfer tax-free up to $100,000 per year to an eligible charity.

 


3. 2006 Forms

The 2006 Form 990 is now available. As other 2006 forms become available, they will be available through the Forms and Publications website.

 


4. New Revenue Procedures

The IRS has published updated Revenue Procedures that apply to matters under the jurisdiction of the Commissioner, Tax Exempt and Government Entities Division: requests for guidance on exempt organizations matters, technical advice requests,and user fees.

 


5.  e-File News

Exempt organizations are reminded that for tax years ending on or after December 31, 2006,the electronic filing requirement is expanded. Visit the Modernized e-file for Charities and Nonprofits homepage for up-to-date electronic filing information.

e-File Statistics for Year-to-Date ending January 14, 2007

 

 Form  Year-to-Date
 990  249
 990-EZ  49
 990-PF  17
 1120-POL  0
 8868  266
 7004 (for 1120-POL)  0
 Total Returns/Extensions  601

 

Page Last Reviewed or Updated: 03-Jun-2013