FBAR filing due // Nonprofit Class Coming

Effective July 1, 2013, TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), must be filed electronically.

If you have FBAR questions, please email FBARquestions@irs.gov.

For help with e-file technical questions, please email BSAEfilinghelp@fincen.gov or call the BSA E-Filing Help Desk at 1-866-346-9478.

If you are experiencing difficulty in submitting a timely electronic FBAR, please see FinCEN guidance. If there is reasonable cause for the failure, and the balance in the account is properly reported, no penalty will be imposed.

Seminars on Establishing and Running a Nonprofit

Establishing and Running a Non-Profit: Part I

This popular seminar provides an overview of the legal basics for establishing and running a non-profit organization. Presented by Amy Hereford, an attorney and entrepreneur who speaks from her experience in working with non-profit start-ups. It includes practical tips, useful resources including the Non-profit, Tax-exempt Corporation Workbook (2012), an e-book (PDF) that presents the process of establishing a non- profit in a step-by-step format with ample space for notes, charts for gathering necessary information and tables for developing time-lines and assigning responsibilities. An excellent tool for assisting in non-profit formation, orienting new board members and non-profit directors.

NPAD:703 | $25

10am-12pm Saturday July 13, 2013 & September 7, 2013

802 Couch Ave. Meramec Campus

Establishing and Running a Non-Profit: Part II

This seminar builds on the previous session and provides more information. It will explore the legal requirements of operating a non- profit business organization, board responsibilities, business law for non- profits and legal compliance. It will also explore newer business models for non-profits, including fiscal sponsorship, nonprofit alliances, non- profit/for profit joint ventures and other collaborative structures.

NPAD:703 | $25

  1pm-3pm Saturday July 13, 2013 & September 7, 2013

802 Couch Ave. Meramec Campus

Additional Information

Call: (314) 984-7777

Visit: www.stlcc.edu/Continuing_Education

Volunteers Afforded Title VII Protection

A federal District Court in Illinois has allowed a female volunteer for two nonprofit emergency ambulance services to sue for sexual harassment and discrimination under the employee protection provisions of Title VII of the Civil Rights Act. Read more...

2013 Group Ruling Letter

The USCCB Office of General Counsel has published the 2013 group tax exemption letter that was issued by the IRS in June of this year. Along with the ruling, the General Counsel also publishes a memorandum with reminders and explanations to those who fall under the group ruling. Click here.... 
There are some new notes in the USCCB cover letter on:

• Options for inclusion in the EOBMF (Exempt Organizations Business Master File)
• Form 8940, Request for Miscellaneous Determination, to request a determination as to whether the organization is a Type I or II 
• Attending to mailings from the IRS

Effect of Sequestration on Small Business Health Care Tax Credit

Federal budget sequestration has resulted in required cuts to certain credits and awards, effective March 1. These required cuts include a reduction to the refundable portion of the Small Business Health Care Tax Credit for certain small tax-exempt employers

Covenant Project Update

The Covenant Project assists religious institutes as they take responsibility for their own future in uncertain and changing times. We think of it as estate planning for religious institutes.

estate plan [ih-steyt plan] – arrangements made in anticipation of a changing future. The estate plan attempts to eliminate uncertainties over administration, maximize resources and establish a legacy. Taking responsibility for one's future is an ongoing process that begins when one has a measurable asset base. As life progresses and goals shift, the estate plan moves to be in line with new goals.

1. Full-Day On-Ground Workshops
-- September 22, 2013 - St. Louis, MO
    Register -- Printable Flyer -- More information
2. Online Workshops - Four 90 minute sessions.
-- April 2013 (Tuesdays)
-- September 2013 (Tuesdays)
(Online Sessions are at 2pm Eastern, 11am Pacific.)
--Charism & Completion - Apr 2
--Models of Completion - Apr 9
--Transitioning Sponsorship - Apr 16
--Covenants and Partnerships - Apr 23
--Follow-up conference call with each community
   Register for one of the online series.
Participants will have access to both Live and recorded sessions - in case not all members of your team can be present for the full series.

Charity & Nonprofit Audit / Type III orgs

This web page will explain the IRS audit process for charities and other nonprofit organizations. IRS Exempt Organizations is continuously exploring how to improve our service to charities and other nonprofit organizations, and hopes you will find the information on this page useful.

Recent changes affecting Type III Supporting Organizations

On February 4, 2012, the Director of Exempt Organizations, Ruling and Agreements, issued a memorandum instructing EO Determinations specialists to cease issuing determinations based on the 2009 proposed regulations.
Effective immediately, EO Determinations may issue determination letters classifying organizations as either functionally integrated or non-functionally integrated Type III supporting organizations if they satisfy the criteria set forth in the final and temporary regulations.

Revised IRS Publication on Charitable Contributions

The IRS has released revised Publication 526, which explains how to claim a charitable contributions deduction, discusses the types of organizations to which you can make deductible charitable contributions, and the types of contributions you can deduct. It also discusses how much you can deduct, what records you must keep, and how to report charitable contributions. See Publication

What Does the Fiscal Cliff Deal Mean for Nonprofits?

This fact sheet examines the effects of the American Taxpayer Relief Act of 2012 (ATRA) on charitable giving. The major individual income tax provisions are estimated to increase giving by $3.3 billion or 1.3 percent, relative to 2012 law, mainly because of the increase in the top marginal tax rate. Numerous other smaller provisions will also affect charitable giving. Read more....

Seminars on Establishing and Running a Nonprofit

Establishing and Running a Non-Profit: Part I

This popular seminar provides an overview of the legal basics for establishing and running a non-profit organization. Presented by Amy Hereford, an attorney and entrepreneur who speaks from her experience in working with non-profit start-ups. It includes practical tips, useful resources including the Non-profit, Tax-exempt Corporation Workbook (2012), an e-book (PDF) that presents the process of establishing a non- profit in a step-by-step format with ample space for notes, charts for gathering necessary information and tables for developing time-lines and assigning responsibilities. An excellent tool for assisting in non-profit formation, orienting new board members and non-profit directors.

NPAD:703 | $25

680 # 10am-12pm Saturday April 6, 2013

Meramec-Bus. Admin., Rm TBA (Meramec - 802 Couch Ave. Meramec Campus )

Establishing and Running a Non-Profit: Part II

This seminar builds on the previous session and provides more information. It will explore the legal requirements of operating a non- profit business organization, board responsibilities, business law for non- profits and legal compliance. It will also explore newer business models for non-profits, including fiscal sponsorship, nonprofit alliances, non- profit/for profit joint ventures and other collaborative structures.

NPAD:703 | $25

681 # 1pm-3pm Saturday April 6, 2013

Meramec-Bus. Admin., Rm TBA (Meramec - 802 Couch Ave. Meramec Campus )

Additional Information

Call: (314) 984-7777

Visit: www.stlcc.edu/Continuing_Education

Search Charities Online: Select Check

Learn how to search for charities and other nonprofits using the IRS online tool called Select Check in this new YouTube video.
Watch this and other videos on the IRS YouTube Channel.