The IRS published a revised Publication 577, Tax-Exempt Status for Your Organization. The “What’s New” section contains the following items: -Automatic revocation for not filing annual return or notice -Redesigned Form 990 and Instructions -Elimination of the advance public charity status -Report significant new or changed program services or changes to organizational documents -Publication 78 […]
Entries Tagged as 'Loss of Tax-Exempt Staus'
Revised Publication 577, Tax-Exempt Status for Your Organization
December 19th, 2011 · Comments Off on Revised Publication 577, Tax-Exempt Status for Your Organization · Federal Income Taxes, Loss of Tax-Exempt Staus, Publication 577
Tags:charitable organizations·Exempt organizations·tax-exempt status
Nine Tips for Charitable Taxpayers
October 2nd, 2011 · Comments Off on Nine Tips for Charitable Taxpayers · Federal Income Taxes, Loss of Tax-Exempt Staus
The IRS posted its “Summertime Tax Tips on its website recently (IRS Summertime Tax Tip 2011-21). It includes useful points for taxpayers who make regular donations to charity or plan to make donations before the end of the year. If you make a donation to a charity this year, you may be able to take […]
New IRS Form 8940 for Miscellaneous Determination Requests
August 21st, 2011 · Comments Off on New IRS Form 8940 for Miscellaneous Determination Requests · Form 990, Loss of Tax-Exempt Staus, Private foundations
The IRS has released a new form that tax-exempt organizations will use to request determinations (other than initial exemption applications) about their tax-exempt status. In addition to foundation status issues, organizations will use Form 8940, Request for Miscellaneous Determination, to obtain advance approval of certain activities and exemption from Form 990 filing requirements. The simple […]
Tags:Advance Approval Foundation Scholarship·Form 990·tax-exempt status·Termination of private foundation status
IRS Identifies Organizations that are No Longer Exempt
July 3rd, 2011 · Comments Off on IRS Identifies Organizations that are No Longer Exempt · Loss of Tax-Exempt Staus
On June 8, 2011 the Internal Revenue Service announced that it has released a listing of approximately 275,000 organizations that under the law have automatically lost their tax-exempt status because they have not filed annual reports as legally required for the past three years. If an organization appears on the list of auto-revoked organizations it is […]
Tags:tax-exempt status
Nonfiler Automatic Revocation List
February 25th, 2011 · Comments Off on Nonfiler Automatic Revocation List · Loss of Tax-Exempt Staus
The IRS will soon begin to publish and maintain a list, updated monthly, of organizations that have had their federal tax-exempt status automatically revoked for failing to file an annual information return or notice with the IRS for three consecutive years. The Nonfiler Revocation List will be available in Adobe and Excel formats, and will […]
Tags:tax-exempt status
IRS Revocation of Exemptions: Current Efforts; Post-October 15; Revocation; Contributions and Tax Deductions; Reinstatement; On-Going Education; Compliance Review.
December 15th, 2010 · Comments Off on IRS Revocation of Exemptions: Current Efforts; Post-October 15; Revocation; Contributions and Tax Deductions; Reinstatement; On-Going Education; Compliance Review. · Federal Income Taxes, Loss of Tax-Exempt Staus
In the IRS EO Update dated December 15, 2010, the IRS released its FY 2011 Implementing Guidelines. The following excerpt from the Guidelines is captioned: Spotlight: Filing Relief Program: Background: The Pension Protection Act of 2006 made two important changes affecting tax-exempt organizations, effective the beginning of 2007. First, it requires all tax-exempt organizations, other […]
Update Regarding Revocations of Exempt Status: Federal and California
July 26th, 2010 · Comments Off on Update Regarding Revocations of Exempt Status: Federal and California · California Exempt Status, Federal Income Taxes, Loss of Tax-Exempt Staus
There is good news (Federal) and not-so-good news (California). First the good news. The Internal Revenue Service today announced a one-time offer to small nonprofit organizations at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008, and 2009. The organizations can preserve their exempt status by filing returns […]
Missed the May 17th Filing Deadline? File Return Anyway
May 18th, 2010 · Comments Off on Missed the May 17th Filing Deadline? File Return Anyway · Charity, Federal Income Taxes, Loss of Tax-Exempt Staus
The May 17, 2010 deadline has passed for filing the required information returns. See the post below “Don’t Throw Away Your Tax Exempt Status” IRS Commissioner Doug Shulman issued a statement to reassure small organizations that the IRS will do what it can to help them avoid lose their tax-exempt status. See the following link