New guide provides information for tax-exempt organizations
by AccountingWEB on
The IRS recently published a new compliance guide for tax exempt organizations other than 501(c)(3) public charities, private foundations, and Section 527 political organizations. The guide, Publication 4221-NC, includes coverage of the following topics:
· Activities that might jeopardize exempt status
· What federal information returns, tax returns, and notices must be filed
· Recordkeeping rules and suggestions
· Reporting changes to the IRS
· Required disclosures
According to the IRS, this publication focuses general compliance requirements on recordkeeping, reporting, and disclosure for exempt organizations (EO’s). Content includes references to the statute, Treasury regulations, IRS publications, and IRS forms with instructions. This publication is neither comprehensive nor intended to address every situation.
You may like these other stories...
Cybersecurity is no longer the domain of an organization's IT staff. It's moved to the boardroom, and in a big way. Accountants and financial managers may have been thinking it's just the province of the tech...
Boehner addresses GOP priorities ahead of midterm electionsHouse Speaker John Boehner (R-OH) on Thursday delivered what amounted to closing arguments ahead of the November elections, laying out a list of Republican...
Former DOJ Tax Division head Kathryn Keneally joining DLA Piper in New YorkGlobal law firm DLA Piper announced on Thursday that Kathryn Keneally, the former head of the US Justice Department Tax Division, is joining the firm...
Upcoming CPE Webinars
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.