EO Tax Journal

1 – Follow-up to Yesterday’s Email

2 – Georgetown Law School’s Annual EO Program

3 – Interview with Dean Zerbe Continue…

1 – IRS Personnel Changes

2 – The EOTJ Mailbag

3 – Weekend Reading

When it comes to governance, Mike Peregrine has been the man this fall, speaking at at least three programs. Today I’m sending along his outline that goes with his highly-acclaimed presentation. Continue…

The IRS’ Steve Clarke frequently speaks on the Form 990, which is not surprising since he is the Form 990 project manager. I have had transcripts of his remarks this year — see Email Updates 2010-56 and 2010-165. He recently spoke again at the 2010 Western Conference on Tax Exempt Organizations, and I have had transcribed the portion of his remarks that go beyond his earlier comments.

2010 Form 990 Changes Continue…

1 – More on EO Compliance

2 – Report from the Director, EO Examinations

We’ve been discussing or learning about EO audits in these pages recently. We had Peter Lorenzetti’s remarks (Email Update 2010-161), Ann Batlle and Marc Owens’ remarks (Email Update 2010-163), and this week’s discussion (Email Updates 2010-170 and 171), with more commentary today.

With all of this, it seems very appropriate that we should hear from Nan Downing, Director of EO Examinations. Her November 18 remarks at the Western Conference on Tax-Exempt Organizations are reprinted below. If you have suggestions for her, I’m sure she’d be glad to hear from you at nanette.m.downing2@irs.gov.

I think we all have the same objective in these discussions. We all want an EO sector that we can be proud of, one where good guys thrive and bad guys are sent packing, one where charitable beneficiaries come first, one where those who are mission-directed are encouraged and those who are selfishly-directed are discouraged. Did I miss anything? Continue…

The focus today is on filing requirements — for those who never filed, for those who can’t keep up with the latest Form 990 changes (chiropractic adjustments, rather than major surgery, according to the IRS’ Steve Clarke), and how new section 501(r) affects filing for this year.

1 – Post-October 15 Blues

Unless the IRS has another “Get out of jail free” card up its sleeve, small organizations that missed the October 15 final filing date are now in the soup (but don’t be surprised if Congress later comes to the rescue). For now, Alaska’s Sandy Deja has put together a 41-page ebooklet: Regain Your Tax Exempt Status and Other Options after IRS Automatic Revocation. It’s available atwww.501c3book.com for the low, low price of $8.95.

Contents of Regain Your Tax Exempt Status, by Sandra L. Deja, P.O. Box 10525, Fairbanks, AK 99710:

How To Use This Book
Introduction
Section I – Regain Your Exempt Status – New Application
Chapter 1 – Specific IRS Guidance
Chapter 2 – Re-application Advice
Section II – Regain Your Exempt Status – IRS Revoked In Error
Chapter 3 – No Return Was Required
Chapter 4 – Return Was In Fact Filed
Section III – Information About Group Exemptions
Section IV – Terminate Your Exempt Status
Section V – Do Nothing
Section VI – Links
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2 – Form 990 and Section 501(r) Developments

What follows are the October 12 remarks of Stephen Clarke, EO Project Manager, IRS, and Garrett Gluth, EO Tax Law Specialist, IRS, as delivered at the annual tax program of the American Health Lawyers Association. Continue…