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EO Update October 27, 2005

Issue Number: 2005-15

 


Inside This Issue:

  1. FY 2006 Implementing Guidelines
  2. Life Cycle of a Private Foundation
  3. Conservation Easements
  4. e-File News
  5. ACT Vacancy Announcement
  6. Hurricane Katrina relief leave donation programs

 


1. FY 2006 Implementing Guidelines

The FY 2006 implementing guidelines, posted on the EO website, report on accomplishments during fiscal year 2005 and describe EO’s program plan for the upcoming year.

 


2. Life Cycle of a Private Foundation

The new Life Cycle of a Private Foundation website on irs.gov provides links to helpful information about points of intersection between private foundations and the IRS, including access to explanatory information and forms that an organization may need to file with the IRS.

 


3. Conservation Easements

In a recent speech, Steven T. Miller, Commissioner, Tax Exempt and Government Entities, outlined (1) forthcoming guidance on easements, (2) the design and implementation of a comprehensive compliance program, and (3) the IRS emphasis on appraisal abuses relating to conservation easements.

 


4.  e-File News

Stylesheets used to display exempt organizations returns for Tax Year 2004 have been posted to the IRS website.  The website provides suggestions for software developers, states, and taxpayers to incorporate these stylesheets into their programs.

e-File Statistics for week ending October 23, 2005:

 

 Form   Year-to-Date
 990   2,283
 990-EZ  1,037
 990-PF  101
 1120-POL  1
 8868   1,656
 7004 (for 1120-POL)  3
 Total Returns/Extensions   5,081

 


5.  ACT Vacancy Announcement

The Internal Revenue Service is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides a venue for public input into critical tax administration areas.  The application form is posted on the IRS website .

 


6.  Hurricane Katrina relief leave donation programs
 
The IRS website now answers frequently asked questions for charities  about Hurricane Katrina leave donation programs.

 

Page Last Reviewed or Updated: 03-Jun-2013