April 20, 2012

Reminders

1.  Reminder: Don't Include Social Security Numbers on Publicly Disclosed Forms

Because the IRS is required to disclose approved exemption applications and information returns, exempt organizations shouldn’t include personal information, such as Social Security numbers, on these forms.  By law, with limited exceptions, the IRS has no authority to remove that information before making the forms publicly available.

  2.  Verifying Exempt Status for Reinstated Organizations
tip for organizations and donors on understanding the Select Check database.

  3.  Proposed Rules on Program-Related Investments
The Treasury Department issued proposed regulations to update examples of program-related investments by foundations.

  4.  EO Director Speaks at Georgetown Law CLE
Prepared remarks by Lois Lerner on governance and compliance.

  5.  Guidance on Form 990 and 990-EZ Reporting of Joint Ventures and Other Partnerships
Announcement 2012-19 makes Form 1065, Schedule K-1 reporting of joint ventures and partnerships optional for tax year 2011.

  6.  Tax Forums Offer Good Information for Exempt Organizations
Whether you are an attorney, CPA, certified financial planner, enrolled agent or seeking to become a Registered Tax Return Preparer, the IRS Nationwide Tax Forums have something for you, including three days of seminars, hands-on workshops and exhibits of the newest products and services. 

This year, the first forum is in Orlando, Fla., starting June 19. One new EO seminar is Heads Up! Keeping Current on Exempt Organizations. This seminar is designed to focus on recent IRS actions impacting EOs.  The tax forums will include an updated Form 990 presentation for attendees looking for detailed information about completing this form. Please see the separate registration for these workshops.

You may earn up to 18 CPE credits in one tax forum location. Pre-register by the deadline and save $129. IRS Nationwide Tax Forum Pre-registration is only available for a limited time.

Visit IRS Nationwide Tax Forum for more information.

  7.  Register for Upcoming Workshops for Small and Medium-sized 501(c)(3)s in Nebraska
It's not too late to register for our popular workshops for small and medium-sized 501(c)(3) organizations in Nebraska next month.

Each one-day workshop, presented by experienced Exempt Organizations specialists, will explain what 501(c)(3) organizations must do to keep their tax-exempt status and comply with tax obligations. This popular introductory workshop is designed especially for administrators or volunteers who are responsible for an organization's tax compliance as well as those interested in careers in the nonprofit sector.

Registration is now available for the following workshop locations:

Lincoln, NE (May 22) and Kearney, NE (May 24) hosted by University of Nebraska - Lincoln - Extended Education & Outreach / Department of Conferences & Professional Development

For a description of the workshop, as well as a current schedule of dates/locations, go to Calendar of Events.

  8.  Free Webinars on Identity Theft/Online Fraud and Ethics
Do you know what to do if identity theft strikes you or your clients?  Do you know what the IRS is doing to assist?  If you answered no to either of these questions, please participate in this free one-hour webinar on May 9.  Also, do you need Ethics CE credit? Get the latest information during this free two-hourwebinar on May 7.

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