September 20, 2008
Live Workshops and Online Training
The IRS is offering live one-day workshops designed for administrators or volunteers responsible for an organization's tax compliance will be held in Chicago, IL (October 21, 22, and 23), Detroit, MI (November 18, 19, and 20) and in Memphis,TN (December 2, 3, and 4). More....
StayExempt.org, another IRS project, now features free web-based mini-courses on current topics of interest to exempt organizations. Learn about navigating IRS resources, applying for tax exempt status, the ban on political campaign intervention, foundation classification, and the charitable contribution deduction. Courses on the new Form 990 coming soon. More....
September 17, 2008
New Employment Law Resource
The U.S. Department of Labor new FirstStep Recordkeeping, Reporting and Notices Advisor helps employers determine which of the department's recordkeeping, reporting, and notice requirements (including posters) apply to them.
Labels:
employment
September 08, 2008
Streamlined Approval Process for New Exempt Organizations
The IRS issued IR-2008-102 on Sept. 8, 2008; these new temporary regulations will streamline the approval process for organizations seeking tax-exempt status as publicly supported charities.
The new regulations do away with the so-called advance rulings that granted public charity status for an initial five-year period but required exempt organizations to demonstrate, after the initial period, that they in fact received a substantial part of their support from public sources to receive a final determination letter.
The IRS was able to eliminate the advance rulings process because of the recent redesign of the Form 990, the tax return filed by organizations exempt from federal income tax.
September 03, 2008
990 Resources
Links to resources on the new Form 990 for tax year 2008 are available on my website, www.ahereford.org. Continuing updates will be made as resources become available.
Labels:
990
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