Bryan Cave Charity Law

Charity Law

General

Main Content

EO Update: e-News for Charities & Nonprofits

January 3, 2017

Categories

1.  Form 990-N e-Postcard page unavailable 12/26/16 to 1/6/17

The Annual Electronic Filing Requirement for Small Exempt Organizations — Form 990-N (e-Postcard) page will be down from December 26, 2016 at 11:59 a.m. until January 6, 2017 at 1:00 p.m. EST due to an annual planned maintenance. We apologize for this inconvenience.

2.  Tax Preparedness Series: Remember donations may cut tax bills

As tax filing season approaches, the IRS reminds taxpayers who give money or goods to a charity by December 31, 2016 that they may be able to claim a deduction on their 2016 federal income tax return and reduce their taxes.

3.  Helpful tax tips

Review these helpful tax tips.

Tax Exempt Government Entities

August 26, 2016

Categories

Tax Exempt Government Entities

August 26, 2016

Authored by: Keith Kehrer

The IRS is seeking applicants for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides advice and public input on the various areas of tax administration served by the Tax Exempt and Government Entities Division (TE/GE). Applications will be accepted through Sept. 26.

EO Update: e-News for Charities & Nonprofits

August 9, 2016

Categories

Watch this free webinar about the IRS Tax Calendar for Businesses and Self-Employed

When: August 24, 2016; 2 p.m. (EDT)

How: Register for this event. You will use the same link to attend the event.

Learn about tracking federal tax due dates on your computer or mobile device 

  • The online Tax Calendar
  • The Desktop Calendar Tool (IRS CalendarConnector)
  • The Mobile Calendar Tool (IRS CalendarConnector)
  • How to Subscribe/Download into Your Calendar
  • How to Obtain Calendar Reminders (RSS Feeds)

Please note that we won’t be offering Continuing Education Credit for this event.

Resource:

IRS Tax Calendar for Businesses and Self-Employed

View due dates and actions for each month. You can see all events or filter them by monthly depositor, semiweekly depositor, excise, or general event types. Visit this page on your Smartphone or tablet, so you can view the Online

EO Update: e-News for Charities & Nonprofits

July 11, 2016

Authored by:

Categories

EO Update: e-News for Charities & Nonprofits

July 11, 2016

Authored by: larryt

  • New requirement for organizations intending to operate under Section 501(c)(4): Submit Form 8976 New legislation enacted at the end of 2015 added section 506 to the Internal Revenue Code. Section 506 requires an organization to notify the IRS of its intent to operate as a section 501(c)(4) organization. The IRS has developed a new form – Form 8976 – that organizations should use to provide this notification. The Form 8976 may only be submitted electronically. The Form 8976 – Electronic Registration System allows organizations to complete the notification process, keeps account information current and enables organizations to receive secure, digital communications from the IRS. A user fee of $50 must be submitted to Pay.gov to complete your organization’s notification. You do not need special software to submit a notification. Learn more.
  • User fee decreased for Form 1023-EZ On July 1 the user fee to process the Form
  • EO Update: e-News for Charities & Nonprofits

    May 17, 2016

    Categories

    Some Form 990-N Electronic Filing System (e-Postcard) users may see error messages

    The Form 990-N online filing system moved from Urban Institute to IRS.gov in February. While the new system has been successful, a very small percentage of users see site errors while registering or submitting the form. The IRS offers this advice:

    • Review the steps listed on How to File Form 990-N. Pay particular attention to the “text character” restrictions.
    • The Form 990-N (e-Postcard) User Guide will explain each step in the filing process.
    • If site errors are unresolved, call TE/GE Customer Account Services at 877-829-5500. A representative will gather your Form 990-N information for filing on your organization’s behalf.
    • Organizations will not be penalized for filing late if it was caused by website issues. Organizations should continue efforts to file, even if they are late.

    For more on filing Form 990-N, see the

    EO Update: e-News for Charities & Nonprofits

    May 11, 2016

    Categories

  • EP and EO participating in 2016 IRS Nationwide Tax Forums – Register Now
  • Register for IRS May 12 webinar: Reporting Compensation on Form 990 and Form 990-EZ
  • Register for IRS May 19 webinar: Understanding the Universal Availability Rules in a 403(b) Retirement Plan
  • 1.  EP and EO participating in 2016 IRS Nationwide Tax Forums – Register Now

    Employee Plans and Exempt Organizations will participate in the 2016 IRS Nationwide Tax Forums in five cities starting in July. The forums offer three days of seminars and workshops featuring speakers from both the IRS and tax practitioner organizations. In addition to getting the latest tax information, tax professionals can earn continuing education credits for their attendance.

    Read article.

    2.  Register for IRS May 12 webinar: Reporting Compensation on Form 990 and Form 990-EZ

    1 p.m., ET

    Learn about:

    • How to report compensation
    • How to complete Form 990 and Form 990-EZ
    • What

    EO Update: e-News for Charities & Nonprofits

    May 9, 2016

    Categories

  • IRS Announcement 2016-17: Limited Penalty Relief for Filers of Form 1098-T, Tuition Statement
  • Register for IRS May 12 webinar: Reporting Compensation on Form 990 and Form 990-EZ
  • Register for IRS May 19 webinar: Understanding the Universal Availability Rules in a 403(b) Retirement Plan
  • IRS EO Update

    April 28, 2016

    Categories

    IRS EO Update

    April 28, 2016

    Authored by: Keith Kehrer

    Register for IRS May 12 webinar: Reporting compensation on Form 990 or Form 990-EZ

    Don’t miss this event!

    May 12, 1-2 p.m., ET

    Learn about:

    • How to report compensation
    • How to complete Form 990 and Form 990-EZ
    • What has to be reported
    • Other compensation
    • Exceptions
    • Highest compensated employees

    Register for this webinar.

    Read IRS TE/GE “Issue Snapshots”

    The IRS Tax Exempt and Government Entities (TE/GE) Knowledge Management team periodically issues research summaries called “Issue Snapshots” on tax-related issues for practitioners. They are posted on IRS.gov’s electronic reading room page under “Training and Reference Materials.” Bookmark and check the page often for helpful new materials.

    Recent articles include:

    Treasury Green Book Proposals — Private Foundations

    March 8, 2016

    Categories

    The Department of the Treasury has released the Treasury Green Book  for Fiscal Year 2017, which provides explanations of the President’s budget proposals.  One such proposal (remember…these are just proposals, not actual changes in the law) that may affect your estate planning, if passed, is found on page 240 of the Green Book and is re-printed here for your convenience:

    REFORM EXCISE TAX BASED ON INVESTMENT INCOME OF PRIVATE FOUNDATIONS

    Current Law

    Private foundations that are exempt from Federal income tax generally are subject to a two percent excise tax on their net investment income. The excise tax rate is reduced to one percent in any year in which the foundation’s distributions for charitable purposes exceed the average level of the foundation’s charitable distributions over the five preceding taxable years (with certain adjustments). Private foundations that are not exempt from Federal income tax, including certain charitable trusts, must pay an excise tax equal

    IRS Alerts Payroll and HR Professionals to Phishing Scheme Involving W-2s

    March 3, 2016

    Categories

    WASHINGTON – The Internal Revenue Service today issued an alert to payroll and human resources professionals to beware of an emerging phishing email scheme that purports to be from company executives and requests personal information on employees.

    The IRS has learned this scheme – part of the surge in phishing emails seen this year – already has claimed several victims as payroll and human resources offices mistakenly email payroll data including Forms W-2 that contain Social Security numbers and other personally identifiable information to cybercriminals posing as company executives.

    “This is a new twist on an old scheme using the cover of the tax season and W-2 filings to try tricking people into sharing personal data. Now the criminals are focusing their schemes on company payroll departments,” said IRS Commissioner John Koskinen. “If your CEO appears to be emailing you for a list of company employees, check it out before

    The attorneys of Bryan Cave LLP make this site available to you only for the educational purposes of imparting general information and a general understanding of the law. This site does not offer specific legal advice. Your use of this site does not create an attorney-client relationship between you and Bryan Cave LLP or any of its attorneys. Do not use this site as a substitute for specific legal advice from a licensed attorney. Much of the information on this site is based upon preliminary discussions in the absence of definitive advice or policy statements and therefore may change as soon as more definitive advice is available. Please review our full disclaimer.