New Form 990: Changes Made to Clarify/Modify Requirements

From the IRS:

"The IRS has finalized the 2009 Forms 990, 990-EZ, schedules and instructions, for filing in 2010-11. Learn about changes made to clarify and modify reporting requirements and find links to the new forms, schedules and instructions on IRS.gov."

Free Webinar for Nonprofits: IRS Filing Requirements for Charitable Nonprofits

Do you know that the tax exempt filing requirements for nonprofits will change this year? The National Council of Nonprofits wants to ensure your organization preserves and protects your tax exempt status.

Join the Webinar on Tuesday, February 23 from 3:30 to 4:30 pm to "Learn from the Experts: What Forms Must Charitable Nonprofit, Tax-Exempt Organizations File to Meet IRS Requirements and Preserve Tax Exempt Status?" The Webinar will cover:

• What forms are tax-exempt organizations required to file with the IRS annually?
• What information is required to be reported on the forms?
• Why your organization may need to file NOW, so that it won't lose its tax-exempt status
• How to file complete, accurate returns to avoid IRS penalties.

Don't miss this important opportunity to have your questions answered by the IRS. Click here to register.

New and Updated IRS Compliance Guides

The Internal Revenue Service (IRS) has released a new Compliance Guide for Tax-Exempt Organizations (other than 501(c)(3) Public Charities and Private Foundations).

This IRS guide "addresses activities that could jeopardize an organization's exempt status and discusses the general recordkeeping, reporting and disclosure responsibilities that apply to non-501(c)(3) exempt organizations." Click here to download the PDF.

The Compliance Guide for 501(c)(3) Public Charities has also been updated to "incorporate changes in the compliance requirements that apply to public charities and includes information about the redesigned Form 990, the 'e-Postcard,' as well as information about classification as a public charity after the elimination of the advance ruling process." Click here to download the PDF.

Notifying the IRS When Nonprofits Close or Merge

The IRS has released a fact sheet that outlines the steps that nonprofits should take to notifiy the government if they are closing or merging their operations. Click here to view the fact sheet.

New "Map" to IRS resources

The IRS has provided a new "map" to its online resources for nonprofits. In the Charities and Nonprofits section of the IRS Web site, look for the "EO Site Map" link in the left side navigation of any page. Click here to access it directly!