On September 17, the IRS released its Exempt Organization Newsletter, Issue Number 2012-16. Topics include the following:
- Register now for September 20 webinar: Starting and Operating Charities for Disaster Relief
- Fast Track Settlement for TE/GE taxpayers
- Register for upcoming workshops for small and medium-sized charities in IL, NC, ID, OR, and NM
When disasters like Hurricane Isaac strike, many individuals want to know how they can help by forming a new charity or donating to an existing organization. The IRS has many resources available, including our popular webinar Starting and Operating Charities for Disaster Relief.
The IRS Exempt Organizations office will restream its hour-long webinar on Thursday, September 20, at 1 p.m. ET.
This presentation explains the basic requirements for starting a tax-exempt charity and the ways new and existing organizations can properly provide disaster relief under federal tax rules.
- the kinds of help organizations can provide
- operational and recordkeeping requirements including fundraising and working with volunteers
- rules for recipients of disaster relief
- the deductibility of charitable contributions
Register online by clicking here. You will receive a confirmation e-mail with a link to place it on your calendar.
Announcement 2012-34, 2012-36 IRB 334, advises exempt organizations (and other TE/GE customers) with audit issues that they may be able to use Fast Track Settlement (FTS) to expedite case resolution. The TE/GE FTS will enable eligible TE/GE taxpayers who currently have unresolved issues under examination to work with TE/GE and the Office of Appeals to resolve outstanding disputed issues while the case is still in TE/GE jurisdiction. Read the announcement to learn more about case eligibility, application and settlement procedures. This program took effect September 4, 2012. The announcement modifies and supersedes Announcement 2008–105, which described the pilot FTS program.
Take a moment to register for one of our upcoming workshops for small and medium-sized 501(c)(3) organizations. Each one-day workshop, presented by experienced Exempt Organizations specialists, will explain what 501(c)(3) organizations must do to keep their tax-exempt status and comply with tax obligations.
All full-day workshops are approved by the IRS for six continuing education credits for Enrolled Agents and Registered Tax Return Preparers.
This popular introductory workshop is especially designed for administrators or volunteers who are responsible for an organization’s tax compliance as well as tax professionals who work with the organizations.
Registration is now available for the following workshop dates and locations:
Sept. 18 – Chicago, IL Hosted by University of Illinois – Chicago
Sept. 20 – DeKalb, IL Hosted by Northern Illinois University (Center for NGO Leadership and Development)
Sept. 25 – Portland, OR Hosted by the Center for Public Service/Institute for Nonprofit Management at Portland State University
Sept. 25-26 – Rocky Mount, NC Hosted by East Carolina University and North Carolina State University
Sept. 26 – Silver City, NM Hosted by Western New Mexico University
Sept. 27 – Boise, ID Hosted by Boise State University, College of Business and Economics
Sept. 28-29 – Albuquerque, NM Hosted by the University of New Mexico: UNM School of Law Clinical Law Programs, UNM Division of Continuing Education, and the UNM School of Public Administration