Social welfare benefit organizations are now required to notify the Internal Revenue Service of their formation and intent to operate under Sec. 501(c)(4).
Advertisement
Topics
Tax-Exempt Organizations
Public Support for Not-For-Profits: Practical Considerations and Protecting Public Charity Status
Organizations that do not pass the public support test may be treated as private foundations.
Form 1023-EZ Application Fee Will Be Lowered
The IRS is cutting the application fee small organizations must pay when applying for tax-exempt status.
IRS Implements New Sec. 501(c)(4) Registration Requirement
Social welfare benefit organizations are now required to notify the Internal Revenue Service of their formation and intent to operate under Sec. 501(c)(4).
Final Rules Permit Broader Range of Program-Related Investments
The regulations broaden the types of investments by private foundations that qualify
as program-related investments that do not jeopardize the carrying out of a private foundation’s exempt purposes.
Supporting Organizations: A Road Map to the Recent Regulations
Organizations should review new proposed regulations and 2015 final regulations as a reminder of what is required to obtain or maintain public charity status.
Tea Party Groups Win in Appeals Court
The court denied the IRS’s petition to avoid having to disclose information about other organizations that were on the IRS’s controversial “be on the lookout” list of organizations.
Type II Supporting Organizations: Relationship Issues in Complex Organizational Structures
Complications may arise when the parent of a large, multientity system applies for recognition of tax-exempt status as a Sec. 501(c)(3) public charity.
IRS Slashes Application Fee for Small Exempt Organizations
The fee to use the popular Form 1023-EZ will be lowered, starting July 1.
Final Regulations Illustrate Program-Related Investments Permitted by Private Foundations
The first changes to these rules since 1972 add many examples involving programs in foreign countries.
Sec. 501(c)(4) Social Welfare Organization Requirements Are Postponed
To give itself time to issue governing regulations, the IRS is delaying implementation of Sec. 501(c)(4) requirements.
Exempt Organizations’ Applications Do Not Contain Protected Return Information
A federal appeals court ordered the IRS to comply with a lower court’s order that it hand over the names of organizations that had been on its “Be on the lookout” list when it was mishandling applications for tax-exempt status.
IRS Withdraws Controversial Charitable Donation Rules
The IRS withdrew proposed regulations that would have allowed charities to file information returns with the IRS and donors instead of providing contemporaneous written acknowledgments of charitable donations.
Notice Postpones Sec. 501(c)(4) Social Welfare Organization Requirements
A new notice requirement recently enacted by Congress in the wake of the scandal regarding the IRS’s handling of Sec. 501(c)(4) applications will not be implemented immediately, the IRS announced.
Controversial Charitable Donation Rules Withdrawn
The IRS announced that it is withdrawing proposed regulations released last September that would have allowed charities to file information returns with the IRS and donors instead of providing contemporaneous written acknowledgments of charitable donations.
Charities Must Operate Exclusively for Charitable Purposes
The U.S. Tax Court recently issued an opinion focusing on the requirements for an organization to qualify for a tax exemption under Sec. 501(c)(3).
IRS to Implement Donee Reporting for Charities
The IRS will develop a specific-use information return for donee reporting.
Regulations Loosen Rules for Private Foundations Making Grants to Foreign Grantees
The types of tax professionals private foundations can rely on when making a good-faith determination that a foreign grantee is a public charity were expanded.
Guidance for Tax-Exempt Hospitals to Report List of Providers Covered by FAP
An IRS notice provides guidance on how tax-exempt hospitals may satisfy the requirement to report providers who provide medically necessary care covered by the financial assistance policy.
Private Foundations Can Rely on More Practitioners When Making Good-Faith Determinations
The IRS has expanded the list of tax professionals who can be relied on when making a good-faith determination of a foreign grantee’s eligibility.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
