IRS Logo
Print - Click this link to Print this page

EO Update May 20, 2006

Issue Number: 2006-10


Inside This Issue

  1. New Frequently Asked Questions (FAQ's) on Form 990
  2. Reminder: May 15 e-File Deadline for Large Tax-Exempt Organizations
  3. Openings in Workshops for Small and Midsized Exempt Organizations
  4. New Resource Information for Exempt Organizations on Political Intervention
  5. Gross Receipts - Exempt Insurance Companies (Section 501(c)(15))


1. New Frequently Asked Questions (FAQ's) on Form 990

EO has posted new FAQ's for the Form 990 Information Return. The FAQ's are based on questions received in response to the changes to Form 990 for tax year 2005, from a telephone forum on Form 990 that the Service offered in March 2006, and questions submitted from interested taxpayers. The script for the Form 990 telephone forum is also posted.


2. Reminder: May 15 e-File Deadline for Large Tax-Exempt Organizations

Exempt organizations are reminded that they may be required to file certain returns electronically. For tax year 2005 returns that are due in 2006, new regulations require organizations with total assets of $100 million or more that file 250 or more returns a year, including income tax, excise tax, information, and employment tax returns, to file electronically.


3. Openings in Workshops for Small and Midsized Exempt Organizations

There is still time to register for the three remaining workshops for small and midsized exempt organizations.To register for Portland OR, Phoenix AZ, or Milwaukee WI, please see the EO Calendar of Events.


4.  New Resource Information for Exempt Organizations on Political Intervention

View the new resource pages on political campaign intervention for tax-exempt organizations.


5.  Gross Receipts - Exempt Insurance Companies (Section 501(c)(15))

The IRS has provided guidance on the meaning of gross receipts for purposes of determining whether small insurance companies qualify as tax-exempt under section 501(c)(15) of the Internal Revenue Code.

Page Last Reviewed or Updated: 03-Jun-2013