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IRS Exempt Organization Newsletter 2013-17

August 16, 2013


On August 16, the IRS released its Exempt Organization Newsletter, Issue Number 2013-17. Topics include the following:

  • IRS website explains tax provisions of the health care law; provides guide to online resources
  • Disclosure of return information
  • IRS web pages provide information on group exemptions and group returns
  • Register for EO workshops
  • IRS open Aug. 30 as cost cutting continues; will reevaluate need for furlough day in September
  • Six good reasons to become a tax volunteer
  • Ten cool reasons to visit IRS.gov in Espanol this summer  
  • IRS Exempt Organization Newsletter 2013-16

    August 13, 2013


    On August 13, the IRS released its Exempt Organization Newsletter, Issue Number 2013-16.

    Political Organizations Filings – July 2013

    While Exempt Organizations’ political organizations disclosure search and download applications are temporarily unavailable, the IRS is providing an alternative database of filings made in July 2013.

    This includes more than 1,000 copies of Forms 8871, 8872 and 990-POL filed by groups. The August filings will be made available in the near future. We anticipate that the IRS will re-launch the database this fall at a date to be determined.

    The IRS regrets any inconvenience as it continues to work through this complex situation to ensure the public disclosure of these documents while appropriately protecting important personal information.

    409A – Is Your Compensation Arrangement Subject to These Rules?

    August 12, 2013


    From BenefitsBryanCave.com

    The 409A rules do not provide a clear roadmap to determine what compensation arrangements are subject to their regime of requirements and restrictions. In this brief video, Brian Berglund provides a description of the approach you should take to evaluate whether your compensation arrangement should be structured to comply with the 409A rules regarding deferral elections, timing of payments and other requirements.

    (You can also view the video by going here.)

    Special Issue – IRS Exempt Organization Newsletter 2013-15

    August 8, 2013


    On August 8, the IRS released a Special Issue its Exempt Organization Newsletter, Issue Number 2013-15.

    Don’t miss the upcoming IRS phone forum: 501(c)(7) Social and Recreational Organizations – How to Stay Tax-Exempt, August 21, 2013 2-3 p.m. ET

    Fraternities, country clubs, hobby clubs and sports clubs all are examples of groups organized for social, recreational and similar nonprofit purposes that are tax exempt under Section 501(c)(7) of the Internal Revenue Code.

    This instructive phone forum will discuss:

    • How they are different from other nonprofits
    • Organizational requirements
    • Operational requirements
    • Required filings
    • Unrelated business income
    • Non-traditional income

    The phone forum is eligible for CPE credits for Enrolled Agents.