The Internal Revenue Service (IRS) recently issued its Exempt Organizations 2012 Annual Report and 2013 Workplan (Workplan). The Workplan provides information and guidance for tax-exempt organizations regarding compliance issues that the IRS has identified from prior years and the steps it will take in the upcoming year to address those issues.
2012 Activities -
The IRS examined 10,743 returns in 2012, down from 11,699 in 2011 but almost double the number of returns examined 10 years earlier. Based on information reported over the last three years, the IRS will likely examine between 10,000 and 12,000 returns in 2013.
In addition to its regular examinations, the IRS conducted 3,277 compliance checks in 2012. The IRS uses compliance checks to more efficiently obtain information from the taxpayer about the activities of both individual taxpayers and entire industries. Though they are less formal and intrusive, it is important to understand that compliance checks may, and often do, result in full IRS examinations.
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Topics: Compliance, Exempt Organizations, IRS
Published In: Nonprofits Updates, Tax Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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