EO Update: e-News for Charities & Nonprofits - October 2021 #2

BCLP
Contact

International Charity Fraud Awareness Week October 18-22, 2021

Please join the IRS and other international organizations and regulators by participating in the annual International Charity Fraud Awareness Week (ICFAW), October 18-22, 2021. This is a free event and open to all. The international event is held to raise awareness and share best practices to detect, avoid and respond to fraud and financial crime. The ICFAW Resources webpage also has a list of useful links

Program Letter FY2022

The Tax Exempt & Government Entities (TE/GE) Fiscal Year 2022 Program Letter lists our priorities for this new fiscal year. We’ll also use our Compliance Program and Priorities webpage to provide information about additional priorities as they are launched.  

Our Fiscal Year 2022 compliance program and priorities align with the IRS Strategic Goals:

  • Strengthen Compliance Activities
  • Improve Operational Efficiencies
  • Maintain a Taxpayer-Focused Organization
  • Ensure Awareness and Collective Understanding
  • Leverage Technology and Data Analytics
  • Develop Our Workforce 

The extended due date for filing Form 990 series returns for most organizations is November 15, however some may have more time to file. Exempt organizations in federally declared disaster areas who already had valid extensions may have their deadline extended. For details, see the disaster relief page on IRS.gov.

Extended due dates for those in federally declared disaster areas

We plan to release a summary of our Fiscal Year 2021 accomplishments during the first quarter Fiscal Year 2022. You can also view our annual program (or work plan) and accomplishment letters for previous years

IRS Nationwide Tax Forums Online launches 18 new seminars

The Internal Revenue Service has 18 self-study seminars available for continuing education credit through the IRS Nationwide Tax Forums Online. The new seminars were recorded in July and August at the 2021 IRS Nationwide Tax Forum and can be reviewed for free. Tax professionals – CPAs, enrolled agents, Annual Filing Season Program participants and others – can earn continuing education credit for $29 per seminar.

Charitable Gaming: Understanding Your Responsibilities

Tax-exempt organizations may generate income through gaming. The Charitable Gaming for Exempt Organizations course discusses gaming rules, documentation and possible tax implications. Organizational leadership and volunteers should review the Tax-Exempt Organization Workshop for important information on the benefits, limitations and expectations of tax-exempt organizations.

[View source.]

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. Attorney Advertising.

© BCLP

Written by:

BCLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

BCLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide