"cballard[at]tyyni.net" <cballard[at]tyyni.net> wrote:

- quote -

Thanks for the good info Chris.

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"Stuart A. Bronstein" <spamt...[at]lexregia.com> wrote:
- quote -

This page from the 990 istructions cited above isn't really
going to get you to what you are looking for.

The new filing requirement for small organizations is
mentioned very briefly here:

http://www.irs.gov/charities/article...161145,00.html

at the last bullet point under the section labelled "Key
Provisions". This is a new requirement in the tax code, and
the IRS hasn't completely figured out how to implement it
yet. There should be an announcement some time this year,
and several IRS representatives that I have heard speak
about the issue have stated that, once the IRS figures out
how the small organization filing is going to be handled,
they are going to try to send letters to as many affected
organizations as they can (of course that is premised on the
IRS actually having a current address for these
organizations) with instructions on what to do. There
should also be something posted on the IRS website once the
instructions come out. Check under the link for "Charities
and Non-Profits" on the IRS home page.

--Chris

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Vic Dura <vpdura[at]CLUTTERhiwaay.net> wrote:
- quote -

Here are the instructions to Form 990 on line:
http://www.irs.gov/pub/irs-pdf/i990-ez.pdf

Take a look at the bottom of page 12.

Stu

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"cballard[at]tyyni.net" <cballard[at]tyyni.net> wrote:

- quote -

Is there a URL leading to the location for the online filing?
I couldn't find anything at www.irs.gov

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"DORFM...[at]aol.com (Linda Dorfmont)" <DORFM...[at]aol.com> wrote:

- quote -

The requirement that says that 501(c)(3) organizations must
apply for tax exemption is found in Code section 508(a).
This requirement does not apply to churches (Code section
508(c)(1)(A)) or to public charities that have gross
receipts that are normally less than $5,000 per year (Code
section 508(c)(1)(B)).

The other requirement that was being alluded to in a
previous message is a new requirement contained in the 2006
Pension Protection Act. This rule will require all tax
exempt organizations that do not file a Form 990 series
return to complete an online filing each year, even if their
gross receipts are below the normal $25,000 filing
threshold. See new Code section 6033(i). Failure to file
for three years in a row will result in revocation of the
organization's tax exemption. Code section 6033(j).

--Chris

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The only exception I know of to the requirement ot apply for
tax exempt status is for "churches", although I have filed
aplications for non-main stream denominations. I also don't
know whether "churches" can be taken to mean all religious
houses of worship such as synagogues, mosques, ashrams,
hogans or wikiups. The IRS seems to have its own definition
of what is a recognized religion and what is a tax sham.

Linda Dorfmont E.A., CFP, CSA

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Don Priebe" <priebe[at]iname.com> wrote

- quote -

It looks to me that only the following are affected:

Section 501(c)(3) organizations that file unrelated business
income tax returns (Forms 990-T) must now make them
available for public inspection. This provision is effective
for returns filed after the date of enactment.

What am I missing?

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"Gil Faver" <rowdy'sboss[at]xxyz.com> wrote:
- quote -

Gill,

Your point is well made. I can find no requirement that you
MUST apply for this status.I am however reluctand to conduct
free tax research at the start of tax season.

However, from a practical point of view if the IRS does not
recognize the charity then there is no charitable donation
available to the doner of funds to the organization. The
IRS does periodically publish a list of recognized
charities. As a tax preparer I do check this list when I
encounter an unfamiliar one charity.

If you follow my logic - no recognization - no charity
deduction - no cash in flows for the organization.

Regards,

Mark Rigotti

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- quote -

There will be a new reporting requirement starting in 2008
for ALL 501(c)3s

http://www.irs.gov/charities/article...161145,00.html

--
Don EA in Upstate NY

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"Mark X. Rigotti, CPA" <rigotti[at]wideopenwest.com> wrote:
- quote -

I don't think it is necessary to apply to the IRS to qualify
as a 501 (c)(3) organization in all circumstances. Better
check into THAT first.

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iloveseahawks[at]gmail.com wrote:

- quote -

As a general rule: NO

BUT: If you have received a FORM 990 from the IRS in the
mail then YES

BUT: You may want to file as an aid to generating donations
or grants. A 501(c)(3) that does not file a 990 can be
suspect....

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<iloveseahawks[at]gmail.com> wrote:

- quote -

From your question I am inferring things. The primary one
being this is the first time doing a non-profit tax returns.

Are you sure you are a 501(c)(3) organization. Have you
applied to the IRS for this status? Do you have a copy of
the letter from the IRS granting this status?

Better check into that status first.

Regards

Mark Rigotti, CPA

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"iloveseaha...[at]gmail.com" <iloveseaha...[at]gmail.com> wrote:

- quote -

No. Do not file a return until your gross income is $25,000
or more.

Dennis

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<iloveseahawks[at]gmail.com> wrote

- quote -

Not this year, but you may want to jump through the hoops of
preparing one so you have those numbers, as you may be
required to file returns in the future, and having the prior
years data handy is invaluable.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

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I founded a 501(c)(3) org last year and I looked at the
990-EZ form and it said

K. Check ___ if the organization is not a section 509(a)(3)
supporting organization and its gross receipts are normally
not more than $25,000. A return is not required, but if the
organization chooses to file a return, be sure to file a
complete return.

My gross receipts is just a few hundred bucks. Do I need to
file a return by sending in a 990EZ form?

Thanks,
Chu

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