Tips for 990 filing; due date fast approaching

The form 990/990-EZ (or a valid request for an extension on Form 8868) is due by the 15th day of the 5th month following the conclusion of an organization's fiscal year. For organizations that are calendar year organizations (tax year ending on 12/31), that due date is generally May 15th and is fast approaching (May 15th falls on a Sunday this year - so it is instead due by May 16th). With that in mind, I've compiled the following information to assist your organization with successful and on-time filing.

Read more: Tips for 990 filing; due date fast approaching

Upcoming 2016 Presentations

It has been a busy spring for presentations around Robertson Law Office – here are a couple you may want to check out:

Read more: Upcoming 2016 Presentations

Update to Section 506 notification requirements for 501(c)(4)s

As I had previously blogged about here, Congress imposed new notice and reporting requirements on new 501(c)(4) organizations as a part of the PATH Act that was passed on December 18, 2016.  Yesterday, the IRS released Notice 2016-9, giving us an update on this new requirement.

Read more: Update to Section 506 notification requirements for 501(c)(4)s

New 501(c)(4)s subject to additional filing requirement and other potential changes

On Friday, December 18th, Congress passed and the President signed the Protecting Americans from Tax Hikes Act of 2015 (the “Path Act”).  The Path Act contained multiple provisions of interest to the nonprofit and tax exempt community, but probably of greatest interest, is a new requirement being imposed on certain 501(c)(4) organizations beginning in 2016.

Read more: New 501(c)(4)s subject to additional filing requirement and other potential changes

Another reason to scour your 990 -- IRS releasing 990s in machine readable format

In one of my last blog posts, I gave a brief mention of the IRS’ plans to make machine readable 990s available in the near future.  IRS speakers are now regularly saying at the national conferences that this will begin to happen on e-filed returns as early as January/February next year.  For those that still don’t believe that it is important that a 990 be accurate and well-prepared, let this be your final warning.

Read more: Another reason to scour your 990 -- IRS releasing 990s in machine readable format

Search

Tags


Powered by Easytagcloud v2.1

Attorney Advertising