Deloitte Services LP has released their 2013 Deloitte Volunteer IMPACT Survey, detailing the impact of volunteering as it pertains to professional experience. The data shows that 81% of Human Resources Executives desire college graduates that have volunteered for nonprofits. Furthermore, 78% of the surveyed executives prefer veterans with volunteering experience. The overall research hypothesis is…
On August 21 from 2:00PM-3:00PM EDT, the IRS Exempt Organizations will be holding a phone forum discussing 501(c)(7) Social and Recreational Organizations. These organizations are defined as being organized for pleasure, recreation and other nonprofitable purposes. Examples include fraternities, country clubs, hobby clubs and sports clubs. The central purpose of these organizations is to provide…
Your 501(c)(4) organization might be eligible for expedited processing of you application, according to an IRS update. To qualify, your organization must meet all of the following criteria:
- Your organization applied for exemption as a 501(c)(4) organization.
- Your application had been pending for more than 120 days as of May 28, 2013.
- Your case involves possible political campaign intervention or issue advocacy.
If this information pertains to your organization, you may receive a Letter 5228, which is an Application Notification of Expedited 501(c)(4) Option. In order to self-certify your organization with a Letter 5228, your organization must devote “60% or more of both spending and time to activities that promote social welfare as defined by Section 501(c)(4)” and devote less than 40% of your efforts to political campaign intervention. Also, your organization needs to ensure that these thresholds apply for past, current and future activities. Follow the instructions listed in Letter 5228 to self-certify your organization and sign and return pages 4-5 within 45 days of the date of the letter.
For more information about Letter 5228 including how to make sure you meet the eligibility criteria in order to receive the letter, visit this page provided by the IRS.
This August and September, the IRS will be hosting various forums and workshops across the country to offer nonprofits education, training and the ability to network.
The IRSNationwide Tax Forums will feature a “full agenda of the latest tax law information, hands-on workshops, networking opportunities and exhibits of the latest products and services for your business needs.” These forums will be held at the Hyatt Regency in New Orleans (August 13-15), the Atlanta Marriott Marquis (August 20-22), the Gaylord National Resort and Convention Center in Washington D.C. (August 27-29) and the San Diego, California’s Town and Country Resort (September 17-19). Continuing Professional Education credits will be eligible attending for agents, accountants and CTEC participants. Visit the IRSNationwide Tax Forum website to register online.
The IRS will also be holding Phone Forums for those who cannot attend the Tax Forums in person. There is limited space so click here to register today. These forums will cover various topics. On August 21, 501(c)(7) social clubs will be discussed. On September 10, the topic will be Exempt Organizations and Employment Taxes. Lastly, on the 18th of September the subject will be “Stay Exempt: A Guide for Charitable Organizations with Changing Leadership.”
Workshops for small to medium sized 501(c)(3) nonprofits will also be available this summer. These workshops will are held by experienced specialists and will “explain the nuts and bolts of what 501(c)(3) entities must do to keep their tax-exempt status and comply with tax obligations.” There will be two workshops in Kentucky, with Highland Heights on August 13 and Lexington on August 15. Northern Californians can attend workshops on the 20th and 21st of August in San Francisco, while Southern Californian nonprofits will have an opportunity to get help in Anaheim from August 28-29. Finally, on September 9, a workshop will be held in St. Paul and there will be one in Minneapolis on the next day. For more information on the event and how to register, visit this link.