Posts Tagged: IRS

IRS Now Mandates Electronic Filing for All Nonprofits

July 27, 2021 Posted by Casey Summar in IRS, Non-profits, Taxes

On July 15, 2021, the IRS released an Exempt Organization Mandate that requires all Forms 990-EZ be filed electronically. The mandate is effective for filings for tax years that end July 31, 2021 (i.e., for tax years beginning August 1, 2020). Not sure what this means for your organization? Read on. What is Form 990-EZ? …

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IRS Extends Nonprofit Filing Deadlines

April 10, 2020 Posted by Kristen Anderson in COVID-19, Form 990, IRS, Non-profits, Nonprofits, Pandemic

The IRS announced that it will extend all nonprofit filing deadlines (i.e., exempt organization filing deadlines). Due to the coronavirus pandemic, all IRS forms that exempt organizations are required to file between now and July 14, 2020 will now be due on July 15, 2020. For example, a nonprofit organization with a December 31 year …

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Refund of Parking Tax For Nonprofits

Nonprofits can now receive a refund of Parking Taxes paid in 2017 and 2018. The 2017 Tax Cuts and Jobs Act imposed the so-called “Parking  Tax” on nonprofits. The Parking Tax required nonprofits to pay a new form of unrelated business income tax (“UBIT”) on amounts they incurred for providing transportation and parking benefits to …

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Form 990 Filing Site Hacked

Form 990 Filing just got more complicated. The online service where 990s are filed electronically has recently been hacked. The Urban Institute, which operates the online filing site for the annual returns nonprofits must file, announced that it “recently discovered that an unauthorized party or parties have gained access to the Form 990 Online and …

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IRS Targets Nonprofit Self-Declarers

It’s official. IRS targeting of nonprofit self-declarers will begin this year. Most organizations that qualify for federal tax-exemption other than non-church 501(c)(3) charities do not need to apply for tax-exemption. Whereas may do, they can simply self-declare that they are tax-exempt. When such nonprofit organizations complete their Forms 990 they need only identify their 501(c) …

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