Jun
23
2014

IRS Exempt Organization Newsletter 2014-10

On May 9, the IRS released its Exempt Organization Newsletter, Issue Number 2014-10. Topics include the following:

  1. ACT submits UBIT recommendations
  2. IRS adopts “Taxpayer Bill of Rights”
  3. Register for the June 26 webcast: Unrelated Business Income (UBI) and Exempt Organizations
  4. IRS recorded phone forum presentations posted
  5. New FBAR Form 114 due June 30

  1.  ACT submits UBIT recommendations


The advisory committee suggests ways to improve reporting of unrelated business income. Read recommendations.


  2.  IRS adopts “Taxpayer Bill of Rights”


The IRS recently announced the adoption of a Taxpayer Bill of Rights that will become a cornerstone document to provide the nation’s taxpayers with a better understanding of their rights. Read news release.


  3.  Register for the June 26 webcast: Unrelated Business Income (UBI) and Exempt Organizations


2 p.m. ETRegister for this presentation

Learn about:

  • How to be organized for an exempt purpose
  • Unrelated Business Income activities
  • Exceptions and exclusions
  • Special UBIT rules for certain organizations
  • UBIT and the Form 990-T

  4.  IRS recorded phone forum presentations posted


Review recently posted phone forum recorded presentations on the
IRS Stay Exempt Resource Library page:


  5.  New FBAR Form 114 due June 30


U.S. persons, including tax-exempt organizations, with a financial interest in, or signature authority over, a foreign financial account (or accounts) with aggregate value of more than $10,000 at any time during the calendar year must file Form 114, Report of Foreign Bank and Financial Accounts (FBAR). FBARs for the 2013 year are due June 30.

Written by in: General
May
16
2014

IRS Exempt Organization Newsletter Special Issue

On May 16, the IRS released a special issue of its Exempt Organization Newsletter:

Thursday, May 22 - 11 a.m. Eastern Time

Topics include:

  • To file or not to file an application for recognition of exemption
  • Form 1024: Applying for exemption
  • Annual filing requirements for exempt organizations
  • Permitted 501(c)(6) purposes and activities

To receive CE credit (and a certificate of completion) you must view the presentation for a minimum of 50 minutes.

Register for this presentation.

Written by in: General
May
12
2014

IRS Exempt Organization Newsletter 2014-9

On May 9, the IRS released its Exempt Organization Newsletter, Issue Number 2014-9. Topics include the following:

  1. Register for the IRC 501(c)(6) Organizations phone forum
  2. IRS to Exempt Organizations as Filing Deadline Nears: Remember to File and Don’t Include SSNs on Form 990
  3. Treasury and the IRS invite public comment on recommendations for 2014–2015 Priority Guidance Plan
  4. EO Business Master File Web page link updated
  5. Disaster Relief Resources for Charities and Contributors
  6. Watch new small business health care tax credit YouTube video (more…)
Written by in: General
Apr
28
2014

IRS Exempt Organization Newsletter 2014-8

On April 25, the IRS released its Exempt Organization Newsletter, Issue Number 2014-8. Topics include the following:

  1. IRS releases draft of easier to use Form 1023-EZ for charities seeking tax-exempt status
  2. Register for the Form 990 Filing Tips webcast presentation
  3. IRS to amend regulations regarding treatment of U.S. persons owning passive foreign investment company stock through tax-exempt organizations
  4. Register for EO workshop
  5. Procedural guidance update (more…)
Written by in: General
Apr
17
2014

IRS Exempt Organization Newsletter 2014-7

On March 20, the IRS released its Exempt Organization Newsletter, Issue Number 2014-6. Topics include the following:

  1. Register for the Form 990 Filing Tips webcast presentation
  2. IRS Commissioner speaks at National Press Club
  3. IRS issues guidance on treatment of unrelated business income of state chartered credit
  4. Don’t include Social Security numbers on publicly disclosed forms
  5. IRS phone forum Q&As/presentations posted
  6. Register for EO workshop

(more…)

Written by in: General
Mar
26
2014

IRS Exempt Organization Newsletter 2014-7

On March 26, the IRS released a special issue of its Exempt Organization Newsletter, Issue Number 2014-7.


  IRS phone forum scheduled March 27:
Veterans’ Organizations: Help from the IRS on Key Rules


This phone forum, which begins tomorrow at 2 p.m. EDT, will cover the following topics:

  • Exemption Requirements
  • Exempt Activities
  • Unrelated Business Income (including gaming)
  • Recordkeeping
  • Employment Issues
  • Group Rulings
  • Filing Requirements

Go here to register for this event.

More information: Publication 3386: Veterans’ Organizations Tax Guide

Written by in: General
Mar
21
2014

IRS Exempt Organization Newsletter 2014-6

On March 20, the IRS released its Exempt Organization Newsletter, Issue Number 2014-6. Topics include the following:

  1. IRS phone forum scheduled March 27:
    Veterans Organizations: Help from the IRS on Key Rules
  2. Changes made to EO Select Check
  3. Exempt Organizations Business Master File Extract page updated
  4. Register for EO workshop
  5. Revenue Procedure 2014-22 posted
  6. IRS phone forum Q&As/presentations posted (more…)
Written by in: General
Mar
13
2014

Sherby Elected President of ACTEC

Kathleen Sherby in our St. Louis office has been elected president of the American College of Trust and Estate Counsel(ACTEC), effective March 8. Kathy’s election as president is an honor that recognizes her reputation as one of the country’s preeminent estate planning attorneys. She most recently served as president-elect of the organization. The American College of Trust and Estate Counsel is a national organization of approximately 2,600 lawyers elected to membership by demonstrating the highest level of integrity, commitment to the profession, competence and experience as trust and estate counselors. Kathy is a partner in our Private Client Group and co-leader of the Fiduciary Litigation Team.

Written by in: General
Mar
04
2014

IRS Exempt Organization Newsletter 2014-5

On March 4, the IRS released its Exempt Organization Newsletter, Issue Number 2014-5. Topics include the following:

  1. What if the IRS needs more information on your application?
  2. Review Revenue Procedure 2014-19
  3. Register for EO workshops
  4. IRS offers Health Care Tax Tips to help individuals understand tax provisions in the Affordable Care Act
  5. IRS releases the “Dirty Dozen” Tax Scams for 2014
  6. Charities and Their Volunteers phone forum presentation posted
  7. Interactive Form 1023 updated (more…)
Written by in: General
Feb
05
2014

IRS Exempt Organization Newsletter 2014-4

On February 5, the IRS released its Exempt Organization Newsletter, Issue Number 2014-4. Topics include the following:

  1. Register for upcoming phone forum: Form 990-N and 990-EZ filing tips (Part 1 of the Form 990-Series)
  2. Register for EO workshops
  3. Cost of employer-sponsored health insurance may appear on Form W-2
  4. Want to file Forms 941 instead of Form 944?
  5. PTIN expiration letters sent (more…)
Written by in: General
  • Powered by WordPress | Published by Bryan Cave LLP | Privacy Policy | Disclaimer | Advertising Notice | Site Map
    Home | Our Team | Our Practice | FAQ | Clients | Our Firm | Contact Us | Twitter