The IRS website (www.irs.gov/charities) has new information tools to help exempt organizations stay in compliance. At the website, click on the link “Life Cycle” under the Charities and Nonprofit Topics. The website is organized around five points of intersection (“life cycle” stages) between organizations and the IRS.
1. Starting out: creating an organization under state law, including organizing documents and by-laws, charitable solicitation and obtaining an EIN.
2. Applying for exemption. Acquiring, completing and submitting application forms, how the IRS processes applications and obtaining help from the IRS during the process.
3. Required filings. Annual exempt organization returns, tax filings for unrelated business income and other returns and reports.
4. Ongoing compliance. Intermediate sanctions, employment taxes, substantiation and disclosure, including links to other compliance aids.
5. Significant events. These include required notifications, audits and termination of an exempt organization.
There are separate life cycle web pages for charitable organizations (both public charities and private foundations), social welfare organizations, labor organizations, business leagues and agricultural/horticultural organizations.
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