On September 11, the IRS released its Exempt Organization Newsletter, Issue Number 2012-15. Topics include the following:
- How to find information on the new IRS.gov
- Disaster relief through charitable organizations
- Free Tax Exempt Bonds webinar – Sept. 18
- Register for upcoming workshops for small and medium-sized charities in Pennsylvania and Washington
As you may have noticed, the IRS has made extensive changes to the look and functionality of the IRS.gov website. These changes aim to improve online services for all stakeholders with the best content and Web experience that the IRS can offer.
The new navigation is one of the most significant changes users will see on IRS.gov. While the home page looks similar, there are new colors, new headings and a completely new way to navigate the site. To maintain a measure of continuity between the old and new, you’ll find a menu list in the upper right-hand corner called “Information for…” that incorporates virtually all content from the old site under familiar headings such as “Charities and Non-Profits,” Government Entities,” “Retirement Plans” and “Tax Exempt Bonds.” Alternately, you can always use the web address www.irs.gov/charities typed directly into your browser’s address window to access the page.
If you bookmarked pages in the old website, check the redesigned site and update your bookmarks and favorites. A new feature on every page gives you the option of clicking a heart graphic to save the page as a bookmark.
Because of the damage caused by Hurricane Isaac, the President has declared parts of Louisiana and Mississippi disaster areas.
When a disaster like this strikes, many people want to help the victims through donations and even starting new charities.
IRS.gov explains how people and organizations can partner with an existing charity or start a new charity to provide disaster relief assistance.
Sign Up for September 20 Disaster Relief Webinar NOW
The IRS Exempt Organizations office will replay its hour-long webinar, Starting and Operating Charities for Disaster Relief, on Thursday, September 20.
The webinar 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.
Register on-line by clicking here. You will receive a confirumation e-mail with a link to place it on your calendar.
Those who want to make donations can confirm that a charity is eligible to receive tax-deductible contributions by using the EO Select Check search function on IRS.gov. Some organizations, such as churches or governments, may be qualified to receive deductible contributions even though they are not listed on IRS.gov.
IRS Publication 526, Charitable Contributions, provides information on making contributions to charities. Publication 3833, Disaster Relief: Providing Assistance through Charitable Organizations, explains how the public can use charitable organizations to help victims of disasters, and how new organizations can obtain tax-exempt status.
When an area is a federally or presidentially declared disaster area, special tax law provisions may provide relief from certain time-sensitive requirements, including certain notice, filing, and election requirements. For a list of tax deadlines postponed by Presidential Disaster Declarations pursuant to Revenue Procedure 2007-56, 2007-34 I.R.B. 388 (August 20, 2007), see section 10 of the revenue procedure. Declared disaster areas are listed on the disaster relief page of IRS.gov.
The IRS office of Tax Exempt Bonds invites you to register for a free webinar on Tuesday, September 18, at 2:00 p.m. Eastern Time.
Topic: Tax Exempt Bonds and Tax Credit Bonds – Planning to Avoid Unintended Consequences
- How to plan for the impact of an issuer’s or a conduit borrower’s post-issuance actions on the status of their tax-advantaged bonds
- What is a reissuance of tax-advantaged bonds?
- Why reissuance matters, how it happens, and what triggers it
- What should an issuer or conduit borrower consider before disposing of bond-financed assets?
- When bond-financed assets are sold, what Treasury Regulation remedial provisions are available to preserve the bonds’ federal tax subsidy?
- Our voluntary closing agreement program, commonly known as VCAP, its purpose, availability and general standards
Earn Continuing Education credit
- Enrolled agents receive one CE credit for participating for a minimum of 50 minutes from the start of the webinar.
- Other tax professionals may receive credit if the webinar meets your organization’s or state’s continuing professional education requirements.
- To receive credit, you must attend the presentation on September 18. Register for the webinar using your e-mail address, and use the same e-mail address to log in to attend. This will confirm your attendance and generate your Certificate of Completion.
- Only September 18, 2012 participants will receive certificates. If you do not need a certificate to obtain credit, you may choose to view the archived version of the webinar.
- Look for your Certificate of Completion by e-mail approximately one week after the webinar. If you have met all requirements, you will receive your certificate automatically.
Take a moment to register for our upcoming workshops for small and medium-sized 501(c)(3) organizations in Pennsylvania and Washington. 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. 12 – Seattle, WA Hosted by the Nancy Bell Evans Center on Nonprofits & Philanthropy at the University of Washington
- Sept. 13 – Philadelphia, PA Hosted by the Nonprofit Center at LaSalle University
- Sept. 14 – Spokane, WA Hosted by the Nancy Bell Evans Center on Nonprofits & Philanthropy at the University of Washington