Category Archives: IRS

Shifting the Burden of Taxes to a Simpler Form and Tax Rate

When corporations and individuals do not pay taxes because of deductions, depreciation and credits, the relevant question is to whom does the burden of taxation shift? Do you want a simpler federal tax code that is easier to understand, pay, and … Continue reading

Posted in Advisory Committee on Tax Exempt and Government Entities (ACT), Chronicle of Philanthropy, Flat tax, IRS ACT committee, IRS Forms, Martin Law Firm, Marty Martin, Nonprofit lawyer, Nonprofit Organizations, Nonprofit Quarterly, North Carolina nonprofit lawyer, Tax, Tax exempt organization, Unrelated business income, Unrelated Business Income Tax | 1 Comment

A Web Link on IRS.gov

Nonprofit Quarterly published my article “The Case of the Disappearing Exempt Organizations Link on IRS.gov”  on Wednesday, August 24, 2016. It is a short article -well not quite as short as this blog.  My article was prompted by a 2016 … Continue reading

Posted in Advisory Committee on Tax Exempt and Government Entities (ACT), Current events and comments, Exempt organization, Exempt Organizations, IRS, Nonprofit lawyer, Nonprofit Organizations, Tax, Tax exempt organization | Leave a comment

IRS ACT

For the past three years I served on the IRS Advisory Committee on Tax Exempt and Government Entities, known also as “the ACT”, and its related Exempt Organization (“EO”) subcommittee.   Our subcommittee worked directly with the IRS leadership which oversees the nation’s nonprofit … Continue reading

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IRS 1023 EZ

On July 1, 2014, the IRS announced its new IRS Form 1023 EZ. This form is designed to ease and expedite the application process for small organizations which project $50,000 or less in income and assets of less than $250,000 during … Continue reading

Posted in Advisory Committee on Tax Exempt and Government Entities (ACT), Exempt organization, IRS, IRS Forms, Nonprofit Organizations, North Carolina Lawyer for Nonprofits, Starting a Nonprofit, Tax, Tax exempt organization | Tagged , , , , , , , , , | Leave a comment

IRS Interactive Form 1023 – Public Testing

On September 4, 2013, the IRS posted a beta version of their forthcoming Interactive Form 1023 on their StayExempt website. This electronic form permits an applicant to complete a 1023 Application for Recognition of Exemption Under Section 501 (c)(3) on-line. … Continue reading

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IRS ACT Report

The IRS Advisory Committee on Tax Exempt and Government Entities (“ACT”) issued its eleventh “Report of Recommendations” at a public meeting recently held at the IRS headquarters in Washington, D.C.  The ACT consists of legal practitioners, external stakeholders, and representatives who advise and work with employee retirement plans; tax-exempt organizations; … Continue reading

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IRS – Select Check

Donors and others often want to know whether an organization: is eligible to receive charitable contributions that are tax-deductible by a donor; had their tax exempt status revoked for failing to file their 990 form for three consecutive years;  or  filed their … Continue reading

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IRS – ACT Report

The Advisory Committee on Tax Exempt and Government Entities (ACT) presented its annual “Report of Recommendations” to the IRS at its public meeting on June 15, 2011.  The committee’s recommendations covered topics related to: Tax exempt bonds and conduit issuers; Social security administration for state … Continue reading

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IRS and States- Registered agents, revocations, and responsibility

In the wake of the IRS’ initial announcement that more than 275,000 nonprofits had their exempt status revoked, the IRS noted new revocations will published monthly.  These revocations occur as a matter of law because a nonprofit didn’t file their  IRS 990 forms for three consecutive years and are not a discretionary act by … Continue reading

Posted in Board of Directors, Current events and comments, Exempt organization, Exempt Organizations, IRS, Nonprofit Organizations | Tagged , , , , , , | Leave a comment

IRS – 275,000 Revoked Nonprofits and Guidelines to Reinstatement

The IRS announced that approximately 275,000 nonprofits nationwide had their tax exempt status revoked because they failed to file their 990 form for three consecutive years.  In North Carolina there are about 6, 300 nonprofits with their tax exempt status now revoked.   Many of these organizations are likely defunct or … Continue reading

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