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EO Update May 24, 2005

Issue Number:  2005-08


Inside This Issue:

  1. Register for the Form 1023 Phone Forum June 14/June 15
  2. IRS Names New Members to ACT
  3. It's Getting Better All the Time: What's New on irs.gov
  4. Exempt Organizations e-File Update


1. Register for the Form 1023 Phone Forum June 14/June 15

The IRS invites tax professionals and representatives of tax-exempt organizations to participate in a Practitioner Phone Forum on the New Form 1023, Application for Tax Exempt Status under IRC section 501(c)(3) June 14 at 10:00 am Eastern Daylight Time, or June 15 at 1:00 pm Eastern Daylight Time.

The one-hour forums will provide participants with an in-depth look at features of the new form, unveiled in October 2004, with two experts from IRS Exempt Organizations. Peggy Combs, EO Determinations Group Manager and Customer Satisfaction Improvement Team Leader, and a major contributor to the new design, will share insight about the reasons behind the changes in the form. Faye Ng, EO Determinations Specialist, will tell forum participants about IRS’ experience so far with the new form. Use of the new version, the first major revision of Form 1023 since 1998, became mandatory on May 1, 2005.

Space is limited and will be reserved on a first-come, first-served basis. For more information and to register online, go to the Calendar of Events on the IRS homepage for charities and nonprofits.


2. IRS Names New Members to ACT

The IRS announced the selection of seven new members to the Advisory Committee on Tax-Exempt and Government Entities (ACT) last month.

The ACT is a formal body of external stakeholders in the specialized areas of tax-exempt organizations, employee plans, tax-exempt bonds and federal, state, local and Indian tribal governments. Betsy Buchalter Adler, a principal in Silk, Adler and Colvin, a San Francisco law firm specializing in nonprofit and tax-exempt organizations, and Sean Delaney, Executive Director of Lawyers Alliance for New York, an organization providing non-litigation legal assistance to nonprofits and community development organizations in New York City, join returning ACT members Ann Western Bittman, Chief Financial Officer of the American Forest & Paper Association, Julie Floch, Partner and Director of Not-For-Profit Services, Eisner LLP, Suzanne Ross McDowell, a partner in the Washington office of Steptoe & Johnson LLP, and George A. Vera, Vice President and Chief Financial Officer of The David and Lucile Packard Foundation, representing tax-exempt organizations on the committee.

The seven new appointees will join 11 returning committee members at the June 6, 2005 meeting of the ACT.

The full text of the announcement is available at the Newsroom on irs.gov.


3. It's Getting Better all the Time: What's New on irs.gov

The IRS website for tax-exempt organizations, irs.gov/eo, has been expanded to include links to State government websites with information for nonprofit organizations. Find links to State regulatory agencies and information about registration requirements for charities, taxation, information for employers and more here.


4. Exempt Organizations e-File Update

As of May 22, 2005, 3,212 exempt organization returns have been filed using Modernized e-File this year (see table below for a break down of e-file returns received).

Forms 990, 990-EZ, 990-PF and 1120-POL, as well as extension applications Forms 8868 (for 990-series forms) and 7004 (for 1120-POL), are available through Modernized e-File. E-file saves you time and effort, and eliminates errors with built-in accuracy checks in the return preparation software. Visit the e-File for Charities and Nonprofits website for more information about e-File, including approved software vendors.

EXEMPT ORGANIZATIONS E-FILE RETURNS RECEIVED
 Form  Week Ending 5/22/2005  Year-to-Date
 Total  498  3,212
 990  177  1,091
 990-EZ  84  579
 990-PF  11  47
 1120-POL  0  1
 8868  226  1,491
 7004  0  3

 

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