The IRS Audit Blog

Posts Tagged ‘boc’

Question: In California what would it cost to prepare an ‘08 Form 990-EZ?

Just taking the numbers off the trial balance and putting them onto the right lines and making everything balance? This is for fiscal 08/09 so the deadline is 11/15/09. We are looking for an EA or CPA. Probably should mention the cost for the state return too.
Could someone give me a guesstimate please? Ballpark is fine.
Is the IRS estimate of 15 hours to prepare and assemble a reasonable time frame? (Seems pretty long to me.)
Thanks Judy, but I was looking for a hard number or at least a range that it might cost. Does anyone do and charge for preparation of the 990-EZ Not for Profit Corporation return?

Answer: I think the other responder who says 20 minutes is thinking of a 1040-EZ and has probably never been involved with a 990, EZ or otherwise.

I’ve done all versions of 1040, 990, and 990-EZ this year since who can file one rather than the full 990 has changed for a couple years. A fairly straightforward 990-EZ, when I’d done the 990’s for that organization for several years, probably took somewhere in that 15 hour vicinity, maybe a little less.

So getting it done won’t be cheap, unless you can find an EA or CPA who is interested in your non-profit and cuts you a break on cost.

IRS Steps Up Scrutiny of Nonprofits

The Internal Revenue Service says it plans greater scrutiny of a wide range of charity activities in the next year, including loans nonprofits make to top officials and whether they paid sufficient employment taxes.

PART (2) 20 MILLION DOLLAR COVER-UP IN PRINCE GEORGE COUNTY IN MARYLAND

Community notices

The American Cancer Society will be hosting the 10th Annual Relay For Life Kickoff on from 6 to 7 p.m. Tuesday at the Silver City First Baptist Church.

TourFactory Virtual Home Tour #536409

New forms help people check out charities

The New IRS Form 990 means more disclosures from nonprofits and more information available to their potential donors.

made by Ashley, to cheer me upp 0.o

Question: My organization has lost the Non Profit (501c3) number – now what?

I am the President of a Religious and Social organization this year. Every year new executive committee is selected to run this organization. The new team organizes a few programs during the year. One of my friends was a president in 1987 and swears by the fact that a 501c3 form was filed and IRS asigned a Non Profit number. The trouble is that the IRS letter approving 501c3 status has been lost. There is no proof of 501c3 in existence at this time. How do I find out if the organization is a Non Profit one and if it is, how do I find the 501c3 number assigned in 1987?

Answer: Publication 78, Cumulative List of Organizations described in Section 170(c) of the Internal Revenue Code of 1986, is a list of organizations eligible to receive tax-deductible charitable contributions. This online version is offered to help you conduct a more efficient search of these organizations.

http://www.irs.gov/charities/article/0,,id=96136,00.html

Tax Time is Near

If you haven’t filed a tax return by April 15 and have a balance due, you must pay interest on the unpaid taxes as well as a failure-to-file penalty. If you can’t file by April 15th , request an extension to file either by e-filing or mailing Form 4868, Automatic Extension of Time to File.

IRS Commissioner Doesn’t File Own Taxes: I Find The Tax Code Too Complex