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EO Update September 6, 2006

Issue Number 2006-16

 


Inside This Issue:

  1. Comments on the Telephone Excise Tax Refund Process Due by September 15, 2006
  2. Phone Forum on Election Involvement by IRC 501(c)(3) Organizations
  3. Status of Requests for Determination of Tax-Exempt Status
  4. Guidance on Controlled Organizations Filing Required by Pension Protection Act
  5. Recent Revocations of IRC 501(c)(3) Determinations

 


1. Comments on the Telephone Excise Tax Refund Process Due by September 15, 2006

Based on recent court rulings, the IRS is refunding telephone excise taxes paid on long distance charges since February 28, 2003. The IRS is requesting comments and suggestions for simplifying the refund process for nonprofits. Comments must be submitted via e-mail by September 15, 2006.

 

 


2. Phone Forum on Election Involvement by IRC 501(c)(3) Organizations

The IRS invites tax professionals and representatives of tax exempt organizations to participate in a Phone Forum on Election Involvement by IRC section 501(c)(3) Organizations (including churches).The seminars provide an overview of the political intervention rules for these organizations. The sessions are scheduled for September 19 and September 20, 2006 and are designed for those with experience in exempt organizations law. Both forums are being offered at no charge to participants, although space is limited and will be reserved on a first-come, first-served basis. Organizations with multiple representatives interested in participating are encouraged to register as a group, rather than as individuals.

Pre-registration, via AT&T Teleconference Services is now open. Participants who have not previously used AT&T Teleconference Services will need to create a user profile, including username and password, in order to register.

 


3.  Status of Requests for Determination of Tax-Exempt Status
 
Exempt organizations and practitioners may have noticed an increase in the timeframe to process an application for determination of tax-exempt status. In an effort to provide better service, Exempt Organizations will keep you updated on our progress in reducing any backlog of EO exemption applications by posting information about the applications we are currently processing.
 

4.  Guidance on Controlled Organizations Filing Required by Pension Protection Act
 
On August 17, 2006 the President signed the Pension Protection Act of 2006. The new law contains numerous changes to the tax law provisions affecting tax-exempt organizations. One key provision is that controlling organizations must report income from and loans to controlled organizations as well as transfers between controlled and controlling organizations. This provision is effective for returns due (without regard to extensions) after the date of enactment.
 

 
5.  Recent Revocations of IRC 501(c)(3) Determinations
 
This site contains a list (from the Internal Revenue Bulletin) of organizations that have had their IRC 501(c)(3) determinations revoked.
 

 
 
Page Last Reviewed or Updated: 03-Jun-2013