EO Update November 6, 2009
Issue Number: 2009-16
Inside This Issue
- Form 990 Filing Tips and FAQs: Schedules A and L
- New! Compliance Guide for Non-501(c)(3) Tax-Exempt Organizations
- IRS Seeks Applicants for TE/GE Advisory Committee
- Updated Disaster Relief Publication Issued
- Compliance Guide for Public Charities Updated
- Guidance Issued for Employers Eligible to File Annual Return
- Weathering the Storm: Helping Exempt Organizations in Troubled Times
- Western Conference on Tax-Exempt Organizations
1. Form 990 Filing Tips and FAQs: Schedules A and L
The IRS has issued frequently asked questions on reporting public support and public charity status (Schedule A) and transactions with interested persons (Schedule L) on forms 990 and 990-EZ for tax year 2008. These are the last in a series of tips for filing the 2008 Form 990.
2. New! Compliance Guide for Non-501(c)(3) Tax-Exempt Organizations
In Exempt Organizations' newest compliance guide, Pub. 4221-NC, Compliance Guide for Tax-Exempt Organizations (other than 501(c)(3) Public Charities and Private Foundations), the IRS addresses activities that could jeopardize an organization's exempt status and discusses the general recordkeeping, reporting and disclosure responsibilities that apply to non-501(c)(3) exempt organizations.
3. IRS Seeks Applicants for TE/GE Advisory Committee
The IRS is seeking applications for vacancies on the Advisory Committee on Tax-Exempt and Government Entities (ACT). The ACT provides the IRS with regular input from representatives of the TE/GE community on IRS policies and procedures affecting employee plans, exempt organizations, Indian tribal governments, federal, state and local governments, and tax-exempt bonds. Vacancies are currently available for representatives from the exempt organizations (2) and employee plans (2) communities. For additional information about the application process, see this notice published in the Federal Register.
4. Updated Disaster Relief Publication Issued
The IRS has updated Pub. 3833, Disaster Relief, Providing Assistance Through Charitable Organizations. Read the latest information about the tax rules that apply to disaster relief providers, including employer-related charities, the special rules that apply to those who receive assistance, and the tax treatment of donors in disaster and emergency hardship situations.
5. Compliance Guide for Public Charities Updated
Publication 4221-PC, Compliance Guide for 501(c)(3) Public Charities, has been updated to incorporate changes in the compliance requirements that apply to public charities, and includes information about the redesigned Form 990, the "e-Postcard," as well as information about classification as a public charity after the elimination of the advance ruling process.
6. Guidance Issued for Employers Eligible to File Annual Return
Form 944, Employer's Annual Federal Tax Return, was designed to reduce the burden on small employers by allowing them to file one employment tax return to report their employment taxes for an entire taxable year instead of four employment tax returns (one for each quarter). Revenue Procedure 2009-51 sets out the procedures for employers to follow to request the annual return. In addition, it sets out the procedures to be used by employers who previously were notified to file Form 944 to opt out and file the Form 941, Employers Quarterly Tax Return.
7. Weathering the Storm: Helping Exempt Organizations in Troubled Times
Did you miss EO's seminar at the 2009 Tax Forums? If so, you can watch a recording of Weathering the Storm: Helping Exempt Organizations in Troubled Times at no cost, or pay a $35 fee and earn continuing education credit, on the IRS Tax Forums Web site.
8. Western Conference on Tax-Exempt Organizations
Register on-line now to attend the annual Western Conference on Tax-Exempt Organizations on November 19-20, 2009 at the Sheraton Los Angeles Downtown Hotel in Los Angeles, CA. The two-day program for tax professionals and exempt organization executives is jointly sponsored by IRS Exempt Organizations and Loyola Law School.