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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

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

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

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

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

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

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

TE/GE Fiscal Year 2018 Accomplishments Letter

TE/GE is pleased to announce the release of the Tax Exempt and Government Entities Fiscal Year 2018 Accomplishments Letter that: ..Contains information on TE/GE’s contributions to the tax administration system ..Lists...more

EO Update: e-News for Charities & Nonprofits

Latest webcasts for charities and nonprofits - Four new presentations are available for 501(c)(3) organizations. Additional charities and nonprofits topics are onIRSvideos.gov....more

IRS launches easy-to-use tax reform webpage

The IRS has launched an easy-to-use webpage, IRS.gov/taxreform, with information about how the Tax Cuts and Jobs Act affects your taxes, with a special section focused on tax exempt entities. The tax reform page features...more

TE/GE Fiscal Year 2019 Program Letter

The Fiscal Year 2019 Program Letter explains TE/GE’s compliance program consisting of: ..Compliance strategies ..Data-driven approaches ..Referrals, claims and other casework ..Compliance...more

The Advisory Committee on Tax Exempt and Government Entities (ACT) Final Report

The 10 members of the ACT presented their 2018 report to the IRS in a public meeting in Washington, DC on June 7, 2018, on five issues...more

EO Update: e-News for Charities & Nonprofits

EP and EO participating in 2018 IRS Nationwide Tax Forums - Employee Plans and Exempt Organizations will participate in the 2018 IRS Nationwide Tax Forums in five cities starting in July. The forums offer three days of...more

EO Update: e-News for Charities & Nonprofits

New IRS online tool offers expanded access to information on tax-exempt organizations; newly-filed data available to public for first time - The IRS introduced a new online tool designed to provide faster, easier access...more

EO Update: e-News for Charities & Nonprofits

Use Form 1024-A to Apply for Recognition of Exemption under IRC Section 501(c)(4) - Organizations that choose to apply for recognition of exempt status under Internal Revenue Code (IRC) Section 501(a) as an organization...more

EO Update: e-News for Charities & Nonprofits

The IRS reminds people seeking tax-exempt status to use the current version of forms to avoid processing delays. The current version of Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the...more

Form 1023-EZ Revisions

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

EO Highlights from New Tax Bill

As we posted, the U.S. House of Representatives and the U.S. Senate passed and sent to the President for signature legislation that makes significant changes to the U.S. tax code. The changes are the broadest re-write of the...more

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