IRS Newsa

 

• This fall, the IRS is offering a series of one-day workshops for tax-compliance administrators at small- to mid-sized 501(c)(3) organizations.

 

• See IRS Governance Training Materials addressing governance and tax-exempt organization matters.

   

• Online educational resources for tax exempt organizations from the Exempt Organizations Office of the Internal Revenue Service.

   

• Read the most recent IRS Exempt Organization Update, Special Training Edition.

   

• New! Two-part Online Training:

Providing Disaster Relief Through Charitable Organizations

Hurricane season is well underway and the recent California wildfires remind us of the important role charitable organizations play in providing disaster relief.  Learn how charitable organizations may provide relief in disaster situations and the special tax rules that apply to such organizations in  Part I of this two-part mini-course on StayExempt.irs.gov.  Part II of the course covers the special rules that apply to employer-related organizations, the deductibility of contributions for disaster relief and the tax treatment of payments made to recipients of disaster assistance.

 

• Watch an IRS Seminar for Tax-Exempt Organizations and Earn CPE Credit

The IRS seminar "Weathering the Storm: Helping Exempt Organizations in Troubled Times" provides a brief overview of issues confronting exempt organizations in light of the current economic climate. Topics include: best practices in organization governance, using the new Form 990 to promote your organization and increase transparency, conducting business activities without jeopardizing your exempt status, treating non-cash gifts and donated property correctly, and merging and terminating exempt entities.

 

Form 990 Information

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• Learn about redesigned Form 990 requirements from a new IRS video series.

   

• New! Online Toolkit to Help EOs Complete Form 990:

Form 990: Getting Started - A Case Study

Thousands of tax-exempt organizations are in the process of gathering information and completing the redesigned 2008 Form 990.  This new on-line tool uses a practical example to show organizations how to address key areas of the redesigned Form 990 and Schedules.  An organization can compare its own situation to the case study and learn how to properly complete its own form.

 

Getting Started includes a sample filled-in Form 990 and Schedules A and O, prepared using information about a hypothetical organization's mission, board of directors, financial information and policies.  This series of seven, short, on-line videos explain how to complete key sections of the Form 990 and highlights some of the form changes.  Find this new on-line resource as well as other resources for 990 filers on IRS.gov.

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• See Form 990 Filing Tips from the IRS.

   

• The IRS has released the final redesigned Form 990 that private, nonprofit CAAs and other tax-exempt organizations will use for the 2008 tax year. Learn more about the redesigned form, schedules and instructions and for more IRS information on the new form including online mini-courses.

   

• New Mini-Course Provides Overview of Form 990-EZ:

Because of changes in filing thresholds, many more organizations are eligible to file Form 990-EZ.  To learn whether your organization may file the EZ and to learn more about this shorter, simpler form, watch this mini-course at www.StayExempt.irs.gov.

 

• The head of the IRS's Tax-Exempt organization section recently spoke about nonprofit governance and the new Form 990. Read his comments.

 

• Read a helpful article from Guidestar on changes in Form 990 compensation reporting.