| | |||
| |||
| On Mar 12, 8:31*pm, dpb <n...[at]non.net> wrote: - quote - > > For a section 501(c)(3) organization filing Form 990, or Form 990-EZ,
There's a worksheet for this test on page 4 of the Form 990 Schedule A> > that met the 331⁄ 3 % support test of the regulations under sections > > 509(a)(1)/170(b)(1)(A)(vi),... > Searching the IRS site -- couldn't find appropriate location to get the > definition of the support test. > I must say the new requirements are _exceedingly_ onerous for small > foundations, etc., ... I've no clue how long it will take to try to > generate the detail requested but w/ only a part-time Director whose > primary function isn't to do bookkeeping and a single secretary onboard > for about three months so far it ain't a pretty thing to have to do. * ![]() for 2007. You may find it helpful to complete the worksheet even if your organization is not required to file Schedule A. This is not an audit focus for the IRS at the moment, so don't take too much time away from the compensation schedules to do this! -Crystal -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
|
#-1
| |||
| |||
| - quote - > For a section 501(c)(3) organization filing Form 990, or Form 990-EZ,
Searching the IRS site -- couldn't find appropriate location to get the> that met the 331⁄ 3 % support test of the regulations under sections > 509(a)(1)/170(b)(1)(A)(vi),... definition of the support test. I must say the new requirements are _exceedingly_ onerous for small foundations, etc., ... I've no clue how long it will take to try to generate the detail requested but w/ only a part-time Director whose primary function isn't to do bookkeeping and a single secretary onboard for about three months so far it ain't a pretty thing to have to do. ![]() -- -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Buy and sell rules Dick Adams: My stock trading has been limited buying in increments and selling all as one transaction. Thus, it doesn't matter if I was using FIFO, designated... | Taxes | 5 | 07-20-2008 08:09 PM | |
| Expatriation rules L K Williams: I am in the process of researching the rules about expatriation when a person renounces US citizenship. Since, in all my years of working with... | Taxes | 5 | 01-28-2007 08:26 AM | |
| Gift Rules Nicky: I bought a condo a few years back, paid $45K, units now selling for $70K. Both my boys living there, and going to school. One will graduate this... | Taxes | 5 | 01-20-2007 12:25 AM | |
| At-risk rules BoatTroy@aol.com: Although I enjoy the challenge of reading through the IRS publications and forms, I'm finally baffled by one - At-Risk rules. I would appreciate... | Taxes | 5 | 03-17-2006 08:57 PM | |
| IRA Rules J. Register: I need some input on a proposed transaction involving a self-directed IRA that is being promoted by a consulting firm. An LLC is established to... | Taxes | 1 | 06-09-2004 05:59 AM | |
| Thread Tools | |
| Display Modes | |
| |