Future developments. . The IRS has created a page on IRS.gov for information about Publication 557, at IRS.gov/pub557. Information about any future developments affecting Publication 557 (such as legislation enacted after we release it) will be posted on that page.
New Form 8976. New legislation enacted at the end of 2015 added section 506 to the Internal Revenue Code. Section 506 requires an organization to notify the IRS of its intent to operate as a section 501(c)(4) organization. The IRS has developed a new form, Form 8976, Notice of Intent to Operate Under Section 501(c)(4), that organizations should use to provide this notification. Form 8976 may only be completed and submitted electronically at: IRS.gov/charities-non-profits/electronically-submit-your-form-8976-notice-of-intent-to-operate-under-section-501c4 . There is no paper form.
The Patient Protection and Affordable Care Act (ACA). The ACA added several new laws. This includes a new excise tax on indoor tanning services, a small business health care tax credit, additional requirements for tax-exempt hospitals, and the section 501(c)(29) CO-OP program. For more information, go to IRS.gov and select Affordable Care Act Tax Provisions.
Electronic filing requirement for large organizations. For tax years ending on or after December 31, 2006, only organizations that file 250 returns during the calendar year and that have total assets of $10 million or more are required to file Form 990 electronically. For more information, go to e-file for Charities and Non-Profits.
Section 501(c)(15) gross receipts. The definition of gross receipts for purposes of determining whether small insurance companies qualify as tax-exempt under section 501(c)(15) can be found in Notice 2006-42, 2006-19 I.R.B. 878.
Prohibited tax shelter transactions. Excise taxes are imposed under section 4965 on certain tax-exempt organizations entering into prohibited tax shelter transactions. See the Regulations in T.D. 9492, Excise Taxes on Prohibited Tax Shelter Transactions and Related Disclosure Requirements, 2010-33 I.R.B. 242. See IRS Issues Final Regulations Regarding Excise Taxes on Prohibited Tax Shelter Transactions and Related Disclosure Requirement.
This publication discusses the rules and procedures for organizations that seek recognition of exemption from federal income tax under section 501(a) of the Internal Revenue Code (the Code). It explains the procedures you must follow to obtain an appropriate ruling or determination letter recognizing your organization's exemption, as well as certain other information that applies generally to all exempt organizations. To qualify for exemption under the Code, your organization must be organized for one or more of the purposes specifically designated in the Code. Organizations that are exempt under section 501(a) include those organizations described in section 501(c). Section 501(c) organizations are covered in this publication.
Chapter 1, Application, Approval, and Appeal Procedures, provides general information about the procedures for obtaining recognition of tax-exempt status.
Chapter 2, Filing Requirements and Required Disclosures, contains information about annual filing requirements and other matters that may affect your organization's tax-exempt status.
Chapter 3, Section 501(c)(3) Organizations, contains detailed information on various matters affecting section 501(c)(3) organizations, including a section on the determination of private foundation status.
Chapter 4, Other Section 501(c) Organizations, includes separate sections for specific types of organizations described in section 501(c).
Chapter 5, Excise Taxes, provides information on when excise taxes may be imposed.
|Corporations organized under Acts of Congress||501(c)(1)|
|Teachers' retirement fund associations||501(c)(11)|
|Mutual insurance companies||501(c)(15)|
|Corporations organized to finance crop operations||501(c)(16)|
|Employee funded pension trusts (created before June 25, 1959)||501(c)(18)|
|Withdrawal liability payment fund||501(c)(22)|
|Veterans' organizations (created before 1880)||501(c)(23)|
|National Railroad Retirement Investment Trust||501(c)(28)|
|Religious and apostolic associations||501(d)|
|Cooperative hospital service organizations||501(e)|
|Cooperative service organizations of operating educational organizations||501(f)|
Internal Revenue Service
Tax Forms and Publications
1111 Constitution Ave. NW, IR-6526
Washington, DC 20224
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