The IRS Audit Blog

Posts Tagged ‘irs_form_990_redesigned’

Question: Tax-exempty status – Examples of Package 1023?

I am in the process of forming a non profit in NC. Since I was able to view completed Articles of Inc. on the NC Secretary of State site I was wondering if there is a website where I could view the paperwork (1023, 990, etc) involved in the 501(c)3 process.

I am interested in viewing completed applications. Assuming that a tax-exempt organization is open to scrutiny, because of its status, I would think that one would be able to view these forms in their entirety, as opposed to instructions and blank forms provided by irs.gov.

Past incorrect answers have been:

Form 990
www.irs.gov/pub/irs-pdf/f990.pdf
instructions
www.irs.gov/pub/irs-pdf/i990-ez.pdf

See Application for Exemption
www.irs.gov/pub/irs-pdf/f1023.pdf

explanation of requirements:

IRS Publication 557 “”Tax Exempt Status for Your Organization”
www.irs.gov/pub/irs-pdf/p557.pdf

These are blank not completed forms.

Answer: Public disclosure FAQ from the IRS: http://www.irs.gov/charities/article/0,,id=96430,00.html

Ordering copies on CD/DVD from the IRS: http://www.irs.gov/charities/article/0,,id=150268,00.html Note that the (significant) costs here are waived for requests from the media as well as from other governmental agencies.

You can also subscribe to GuideStar.org though their website: http://www.guidestar.org/services/ds.jsp?gclid=CISf2aXDr40CFQIpFQodyR280A It’s not free, but it’s cheaper than buying the DVDs from the IRS.

Turner, Jones top SMU salary lists

June Jones, left, and R. Gerald Turner, right, are the highest paid employees at SMU with total compensations more than $1 million.

Internal Revenue Service (IRS) Form 990 – Are You Ready?

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.

Is the Internet full? AT&T’s dire warnings sound a too-familiar theme

In public policy, there’s a concept known as the “Statue of Liberty ploy” (not to be confused with the Statue of Liberty play ): Faced with any sort of budget cuts in a given area, officials say sorrowfully that they will be forced to shut down the Statue of Liberty, counting on the huge public outcry that ensues to restore funding.

501(c)(3) Compliance & Form 990 Preparation

Question: How can I find out if Tax Form 990 has been received?

I am helping local VFW file taxes from 2005-2007. Is there someway to check if IRS has received those forms already sent? I know you can check whether individual tax returns have been received, can we check on those for Charitable Organizations?? And if you made mistakes on 990 already submitted, will the IRS let us know what the problem was? Or will they just penalize you??

Answer: I mail them certified mail, return receipt requested, to have proof that it was received. I’ve never needed it, but it’s cheap insurance.

Letter to Editor: Letter merely talking points

I had to chuckle when I read the letter to the editor from Jennifer Fearing of Sacramento in the Feb. 17 edition. It was in response to Jean Barton’s column in which she shed some light on the Humane Society of the United States (HSUS).

AIA VTLC: AIA Recipe for Success: The Component Performance Criteria

Expert: Pain isn’t over for nonprofits

The number of registered nonprofits in York County has grown steadily for about the last decade. But the effects of the recent budget impasse, the economy and changes reporting requirements, could cause some charities to go out of business, local experts say.