IRS releases public comment draft of Form 990

In a major revision of IRS Form 990 — the tax exmpt annual reporting form required by all nonprofits — the IRS has released for public comment a discussion draft of a redesigned Form 990, Return of Organizations Exempt from Income Tax. The discussion draft constitutes a significant redesign of the form, which has been [...]

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Small charities and the IRS

The IRS is reminding small charities and other nonprofit organizations that, beginning next year (for activity through 12/31/07), they will have to file information annually with the tax agency.
Charities and other tax-exempt organizations that have income of $25,000 or less per year must file the electronic notice, known as the e-Postcard or Form [...]

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IRS launches on-line workshop for tax-exempt organizations

The Internal Revenue Service has launched a new Web-based version of its popular Exempt Organizations Workshop covering tax compliance issues confronted by small and mid-sized tax exempt organizations.
The free online workshop – Stay Exempt – Tax Basics for 501(c)(3)s – consists of five interactive modules on tax compliance topics for exempt organizations:

Tax-Exempt Status – How [...]

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