EO Update April 7, 2009
Issue Number: 2009-4
Inside This Issue:
Maintaining Public Trust in Charities During the Economic Downturn
Comments on the Redesigned Form 990
IRS Wants Your Ideas for Improving EO Web Site
Comments Requested on Shaping New Academic Institution Initiative
Six Important Facts about Tax-Exempt Organizations
Ten Tips for Deducting Charitable Contributions
Free Section 403(b) Phone Forum - April 16, 2009
Regional Health Information Organization FAQs
1. Maintaining Public Trust in Charities During the Economic Downturn
Read the remarks of EO Director Lois G. Lerner before the Georgetown Law School CLE program, Representing & Managing Tax-Exempt Organizations, on April 6, 2009.
2. Comments on the Redesigned Form 990
Now that filing season is underway, and as part of the IRS' on-going effort to obtain information from the tax-exempt sector, EO is accepting comments on the redesigned 2008 Form 990, Return of Organization Exempt From Income Tax. Email your comments to Form990Revision@IRS.gov. We will review these comments as we consider making future revisions to the Form 990, schedules and instructions and to identify areas where we might provide additional assistance through the EO Update, frequently asked questions, or other means.
3. IRS Wants Your Ideas for Improving Charities and Non-Profits Web Site
How we can reorganize our Charities and Non-Profits Web content to make it more user-friendly? What new materials should we add to better serve your needs? Read Announcement 2009-25 and learn how to submit your suggestions for improving our Exempt Organizations Web site.
4. Comments Requested on Shaping New Academic Institution Initiative
The IRS is developing a new academic program initiative that will reach out directly to academic institutions that offer degrees related to the non-profit sector. We invite your comments and suggestions for the implementation and content of the initiative. Announcement 2009-26 provides additional information about the initiative as well as instructions on how to submit your suggestions and comments.
5. Six Important Facts About Tax-Exempt Organizations
Every year, millions of taxpayers donate money to charitable organizations. Here are six things you should know about the tax treatment of tax-exempt organizations
6. Ten Tips for Deducting Charitable Contributions
Follow these simple tips to ensure that donations you make to charity are fully deductible for federal income tax purposes.
7. Free Section 403(b) Phone Forum - April 16, 2009
Certain 501(c)(3) organizations, including churches, may establish section 403(b) tax-sheltered annuity (TSA) plans for their employees. Under the final 403(b) regulations, plan sponsors were required to have a written plan in place by January 1, 2009. Under Notice 2009-3, published on December 11, 2008, sponsoring organizations were granted relief from the written plan requirement for the 2009 calendar year. For more information and to register, please visit our 403(b) EP Phone Forum Web page.
8. Regional Health Information Organization FAQs
New FAQs about Regional Health Information Organizations (RHIOs) are now available.