Skip to Content.
Sympa Menu

msar-riders - Re: [MSAR] USA *NEW* IRS filing due May 15

msar-riders@lists.ibiblio.org

Subject: Mounted search and rescue

List archive

Chronological Thread  
  • From: Una Smith <una.smith@att.net>
  • To: Mounted search and rescue <msar-riders@lists.ibiblio.org>
  • Subject: Re: [MSAR] USA *NEW* IRS filing due May 15
  • Date: Wed, 14 May 2008 16:29:23 -0600

Irv, you describe the old rules. The 990-N is new, and I guess the idea
is to begin capturing data on small tax-exempt orgs. The only question
I had was does this new rule apply to those many tiny tax-exempt orgs with
under $5000 -- the ones required to *not* file any 990 and not required
to file a 1023 or 1024. The new regs (URL below) answer that: all are
now required to file 990-N.

The 990-N is online only, and it involves only the following info:

* Employer identification number (EIN) / Taxpayer Identification Number (TIN)
* Tax year
* Legal name and mailing address
* Any other names the organization uses
* Name and address of a principal officer
* Web site address if the organization has one
* Confirmation that the organization' annual gross receipts are normally
$25,000 or less
* If applicable, a statement that the organization has terminated or is
terminating (going out of business)

This can be ignored for 2 years in a row with minimal consequences; if
ignored for 3 years in a row the major consequence is loss of tax-exempt
status.

More: http://www.irs.gov/charities/article/0,,id=169250,00.html
Regs: http://www.irs.gov/pub/irs-tege/epostcard_tregs111507.pdf

(Title of the temporary regs: "Notification Requirement for Tax-Exempt
Entities Not Currently Required to File")

Una Smith
New Mexico




Archive powered by MHonArc 2.6.24.

Top of Page