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EO Update: e-News for Charities & Nonprofits - June 2021

Update on Mandatory Electronic Filing for Form 4720 by Private Foundations - Section 3101 of the Taxpayer First Act requires certain exempt organizations to file information and tax returns electronically for tax years...more

EO Update: e-News for Charities & Nonprofits - May 2021

Reminder to tax-exempt organizations: 990s, other forms due on May 17; information and tools available to help - The Internal Revenue Service today reminds tax-exempt organizations that operate on a calendar-year (CY)...more

EO Update: e-News for Charities & Nonprofits

IRS webinar: File Error-Free Form 1023-EZ - The Tax Exempt and Government Entities Division invites you toregister for the free File Error-Free Form 1023-EZ webinar on Thursday, February 4, 2021; 1 p.m. Eastern Time....more

Expanded Tax Benefits for Giving to Charity, 2020 Forms 990-T and 4720 Revisions and Other News

Year-end reminder: Expanded tax benefits help individuals and businesses give to charity during 2020 - The IRS today explained how expanded tax benefits can help both individuals and businesses give to charity before the...more

Special $300 deduction for cash donations; digital signatures; National Tax Security Week

Special Tax Deduction for Cash Donations to Charities in 2020 - In the latest post on A Closer Look, Tax Exempt and Government Entities Commissioner Edward Killen reminds taxpayers there’s a special deduction for cash...more

Annual filings, user fees and electronic filing mandates

Annual filings and tax returns/payments due July 15, 2020 - The extended deadline for a variety of information and tax returns and many tax payments is July 15, 2020. If you are unable to meet the July 15 deadline, you...more

Proposed changes to group exemption letter program, UBTI ‘silo’ rules and more

IRS solicits public comments on proposed changes to group exemption letter program; will temporarily stop accepting requests for group exemption letters on June 17, 2020 - Notice 2020-36 contains a proposed revenue...more

Treasury, IRS issue final regulations providing relief for certain tax-exempt organizations

The Department of the Treasury and the Internal Revenue Service today issued final regulations clarifying the reporting requirements generally applicable to tax-exempt organizations. The final regulations reflect statutory...more

Electronic Form 1023 news, social media reminder and more

Form 1023 Paper Submission Transition Period Expires April 30 - As of January 31, 2020, organizations are required to submit Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal...more

IRS extends more tax deadlines; EO operations affected during COVID-19 and more

Last month, the IRS announced that certain taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. The IRS has extended this relief to additional returns, tax payments...more

COVID-19 Update – How the CARES Act Effects Tax Benefits Related to Charitable Giving

On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “Act”). The Act was one of several Congressional responses to the COVID-19 emergency and it...more

Update to Notice 2020-18, Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic, Related to Gift and...

Notice 2020-20; Federal income tax filing and payment relief on account of Coronavirus Disease 2019 (COVID-19) emergency. This notice provides relief in addition to the relief provided in Notice 2020-18, issued on March 20,...more

TE/GE Fiscal Year 2019 Accomplishments Letter

Tax Exempt and Government Entities Fiscal Year 2019 Accomplishments Letter - Highlights of our accomplishments during FY 2019, all of which support the goals of the IRS Strategic Plan for 2018-2022, include...more

Utilizing Employer-Sponsored Foundations to Alleviate Employee Hardship

Employers are looking for ways to assist employees and their dependents experiencing financial hardship due to the Coronavirus. One potential tax-advantaged method is the use of an existing or newly formed employer-sponsored...more

Form 1023 Revisions and Required Electronic Submission

The IRS is revising Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, and its instructions, to help charities apply for 501(c)(3) tax-exempt status. Effective January...more

Section 4940 Excise Tax Simplification

Section 4940 of the Code imposes an excise tax on the “net investment income” of private foundations. Historically, the excise tax was 2%, with an opportunity for reduction to 1% for a year in which the foundation’s...more

Recent legislation requires tax-exempt organizations to e-file forms

The Taxpayer First Act, enacted July 1, 2019, requires tax-exempt organizations to electronically file information returns and related forms. The new law affects tax-exempt organizations in tax years beginning after July 1,...more

TE/GE Fiscal Year 2020 Program Letter

TE/GE is pleased to announce the release of the Fiscal Year 2020 Program Letter issued by Tamera Ripperda, our new Tax Exempt and Government Entities Commissioner. TE/GE’s compliance program is driven by six portfolio...more

New private delivery/express mail address for Exempt Organizations submissions

Use the following address for private delivery or express mail for the forms shown above: Internal Revenue Service Mail Stop 31A: Team 105 7940 Kentucky Drive Florence, KY 41042...more

Exempt Organization Update

Various Charities and Nonprofits webpages have been redesigned to improve organization, design and navigation using data analytics and user testing. Charitable hospitals under the Affordable Care Act – Section 501(r) -...more

Information on fake charities; Revisions to Form 8976 registration system; Update to Revenue Procedure 75-50

Beware of fake charities - IRS cautions taxpayers on scams involving disasters, charitable causes andencourages taxpayers to donate to recognized charities to help disaster victims. IRS’ annual “Dirty Dozen” also lists...more

Form 990-T Fiscal Year 2017 Corporate Filers Apply Blended Rate to Unrelated Business Taxable Income (UBTI) for Entire Taxable...

The IRS reminds Form 990-T Corporate Filers of new tax law provisions that could affect the tax rate applicable to their UBTI. Specifically, fiscal 2017 corporate filers should apply a blended rate to their UBTI for the...more

Clarification to EO Update issued May 6, 2019

“Issue 1” in yesterday’s EO Update stated that organizations should report their correct organization type. The IRS wishes to clarify that the intent of this tip was to remind filers to accurately and fully complete...more

Three Tips to Help You File a More Complete Form 990-Series Return

A tax-exempt organization using the calendar-year as its tax year must file a Form 990-series return by May 15th, unless it has filed Form 8868, Application for Automatic Extension of Time To File an Exempt Organization...more

Form 990-series information returns are due May 15

Many tax-exempt organizations must file information returns by May 15 - ..Form 990-series returns are due on the 15th day of the fifth month after an organization’s tax year ends ..For an extension of time to file, use...more

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