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EO Update: e-News for Charities & Nonprofits

June 16, 2021

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Update on Mandatory Electronic Filing for Form 4720 by Private Foundations

Section 3101 of the Taxpayer First Act requires certain exempt organizations to file information and tax returns electronically for tax years beginning after July 1, 2019. Private foundations required to file Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code, are included in the electronic filing mandate. Pending conversion of Form 4720 to electronic format, the IRS continued to accept the 2019 tax-year version of this return on paper. While software for the electronic version of Form 4720 has been under development, the IRS also continued to accept the 2020 tax-year version of Form 4720 from private foundations on paper. See Notice 2021-01, 2021-2 I.R.B. 315.

The 2020 Form 4720 and its instructions have been updated for e-filing. As of the beginning of June 2021, several providers have made software

Live IRS Webinars in June; Register now for the 2020 IRS Tax Forum; Join HR Zoom sessions for IRS job openings

June 7, 2021

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Live TE/GE Webinars in June

The IRS Tax Exempt & Government Entities would like to invite you to watch two live webinars we have scheduled this month.

1) Applying for Exemption

When: June 23, 2021, at 1:00 pm ET

Learn about:

    • Steps to take before applying to the IRS for tax-exempt status
    • Types of tax-exempt status available and forms used to request them
    • How to apply for tax-exempt status and tips to shorten the application process

Register: Register now for this free webinar

2) Reporting Election Workers Earnings

When: June 24, 2021, at 1:00 pm ET

Learn about:

    • Workers who should be treated as election workers
    • Taxes that should be withheld from election worker wages
    • Amounts to include in earnings

Register:

New job announcements in TE/GE; Follow IRS on social media and sign up for TE/GE newsletters

May 12, 2021

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TE/GE job announcements

The IRS has announced multiple full-time positions in the Tax Exempt/Government Entities division available across the country. These job announcements close soon, so apply today on USAJOBS.gov to become part of our team.

We’re hosting virtual information sessions for these job openings. Hear from employees currently working in these positions and gain a better understanding of the work they do day-to-day. A representative from HR will also discuss the application process and some of the requirements for the positions.

EO Update: e-News for Charities & Nonprofits

May 7, 2021

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Reminder to tax-exempt organizations: 990s, other forms due on May 17; information and tools available to help

The Internal Revenue Service today reminds tax-exempt organizations that operate on a calendar-year (CY) basis that certain annual information and tax returns they file with the IRS are due on May 17, 2021. These returns are:

  • Form 990-series annual information returns (Forms 990, 990-EZ, 990-PF, 990-BL)
  • Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990-EZ
  • Form 990-T, Exempt Organization Business Income Tax Return (other than certain trusts)
  • Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code

Mandatory Electronic Filing

Organizations filing a Form 990, 990-PF or 990-N for CY2020 must file their returns electronically. Organizations filing Form 990-EZ for CY2020 received transitional relief and may file electronically or in paper.

To help exempt organizations

EO Update: e-News for Charities & Nonprofits

March 18, 2021

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EO Update: e-News for Charities & Nonprofits

March 18, 2021

Authored by: BCLP

Update on mandatory electronic filing for Form 990-T

The Taxpayer First Act requires certain exempt organizations to file information and tax returns electronically for tax years beginning after July 1, 2019. Pending conversion of Form 990-T, Exempt Organization Business Income Tax Return, to electronic format, the IRS has continued to accept the 2019 tax-year versions of this return on paper.

The 2020 Form 990-T and its instructions have been updated for e-filing of returns with due dates on or after April 15, 2021. As of the beginning of March 2021, several providers have made software available to file Form 990-T electronically. Information about software providers supporting electronic filing of Form 990-T can be found on the Exempt Organizations Modernized e-File (MeF) Providers page.

Any 2020 Form 990-T with a due date on or after April 15, 2021, must be filed electronically and not on paper. A limited exception applies

Tax Exempt and Government Entities Fiscal Year 2020 Accomplishments Letter

February 8, 2021

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Tax Exempt and Government Entities is pleased to release ourFiscal Year 2020 Accomplishments Letter (PDF). Highlights of our accomplishments during the last fiscal year include:

  • Supporting IRS efforts to provide COVID-19-related relief to employers and individuals
  • Introducing a new electronic examinations process
  • Transitioning to several mandatory electronic forms
  • Pivoting to virtual outreach during the pandemic
  • Allowing individually designed hybrid plan sponsors to submit determination letter applications
  • Continuing to strengthen our fraud, promoter, Abusive Tax Avoidance Transactions and global high wealth programs

You can also review the TE/GE Fiscal Year 2021 Program Letter (PDF), which explains our priorities for the current fiscal year and the Compliance Program and Priorities webpage that provides information about additional compliance initiatives.

EO Update: e-News for Charities & Nonprofits

January 21, 2021

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IRS webinar: File Error-Free Form 1023-EZ

The Tax Exempt and Government Entities Division invites you toregister for the free File Error-Free Form 1023-EZ webinar on Thursday, February 4, 2021; 1 p.m. Eastern Time.

This webinar is designed to help smaller organizations that are filing for tax exemption determine:

  • Who can use Form 1023-EZ to apply for tax exemption
  • How to submit the form
  • Differences between Form 1023 and Form 1023-EZ
  • Form 1023-EZ eligibility requirements

For further details, see Webinars for Tax Exempt & Government Entities.

IRS revises Form 1024-A, application for Section 501(c)(4) tax-exempt status as part of ongoing efforts to improve service

IRS news release: As part of ongoing efforts to improve service for the tax-exempt community, the Internal Revenue Service issued the revised Form 1024-A, Application for Recognition of Exemption Under Section 501(c)(4) and its instructions to allow electronic filing.

Mandatory E-filing

1099-NEC Awareness Day

January 8, 2021

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1099-NEC Awareness Day

January 8, 2021

Authored by: BCLP

The Tax Exempt and Government Entities Division (TEGE) invites you to join us for a free Zoom awareness meeting on either January 12, 2021 or January 14, 2021.

This meeting is designed to help exempt organizations understand the new Form 1099-NEC (Non-Employee Compensation) reporting requirements for the 2020 filing season.  Each session is limited to the first 950 participants.

Dates and Times:

Several dates and times offered to maximize the reach of the event.

Tuesday January 12th, 2021

9:00 a.m. Eastern – Meeting ID: 161 617 7980

2:00 p.m. Eastern – Meeting ID: 160 527 4160

Thursday January 14th, 2021

11:00 a.m. Eastern – Meeting ID: 160 684 3808

4:00 p.m. Eastern – Meeting ID: 161 660 1009

Participants may also join via voice call using the following information:

Dial by your location and input the meeting ID when prompted:

  • +1 669 254 5252 US

New TE/GE Compliance Program Initiatives

January 5, 2021

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New TE/GE Compliance Program Initiatives

January 5, 2021

Authored by: BCLP

TE/GE has updated its Compliance Program and Prioritieswebpage. This page provides information about initiatives under each of our compliance program’s six components that work together to promote compliance by tax-exempt and government entities:

  • Compliance Strategies
  • Data-Driven Approaches
  • Referrals, Claims and Other Casework
  • Compliance Contacts
  • Determinations
  • Voluntary Compliance and Other Technical Programs

We’ll update this page at the beginning of each fiscal year quarter with information about new initiatives. Visit the page today to learn more about each of these six components and the initiatives supporting each component, including our new initiatives under:

  • Compliance Strategies
    • TE/GE: Worker Classification
    • Employee Plans: Required Minimum Distributions in Large Defined Benefit Plans
    • Employee Plans: Earned Income for Self-Employed Plans
  • Compliance Contacts
    • Employee Plans: Inflated assets
    • Employee Plans: Partial Termination/Partial Vesting
    • Exempt Organizations: IRC 509(a)(3) Organizations Misfiling Form 990-N