Category Archives: Form 8868

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Delayed Filing Season for Certain Tax-Exempt Hospital Organizations

The Affordable Care Act added new requirements that 501(c)(3) hospital organizations must satisfy to maintain their tax-exempt status.  Because many of these provisions are effective for tax years beginning after enactment, revision of Form 990, Schedule H (Hospitals) and its instructions has been a priority for the IRS.  Learn more about the new requirements for 501(c)(3) hospitals and implementation efforts on IRS.gov.

In order to complete implementation of changes to IRS forms and systems that are required to reflect additional requirements for charitable hospital hospitals, the IRS is delaying the start of the 2010 filing season for certain tax-exempt organizations that operate one or more hospitals (hospital organizations) required to file Form 990, Schedule H (Hospitals).  Hospital organizations may not file 2010 Forms 990 with Schedules H attached before July 1, 2011.

Pursuant to Announcement 2011-20, the IRS has granted an automatic 3-month extension of time to file the Form 990 to hospital organizations with filing due dates before August 15, 2011.  For more information about the delayed filing season for hospital organizations and frequently asked questions go to IRS.gov.

IRS FREE Webinar: What New Non-501(c)(3) Organizations Need to Know

A FREE Webinar on February 24, 2011 about: What New Non-501(c)(3) Organizations Need to Know
Who Should Attend:
This new webinar was developed especially for new 501(c)(4), (c)(5), (c)(6),    (c)(7), (c)(8) and (c)(10) tax exempt organizations —  including social welfare, labor and agricultural organizations, business leagues, trade associations, social clubs, and fraternal organizations — and the tax professionals who represent them.  Other members of the exempt organizations community will find the webinar of interest as well

IRS Reminds Small Charities to Check Their Reporting Requirements Because They May Have Gotten Simpler

The Internal Revenue Service today announced that small tax-exempt organizations may be able to shift to the simpler Form 990-N (e-Postcard) for their 2010 annual information reporting.

The IRS today issued guidance (Revenue Procedure 2011-15) that will allow more tax-exempt organizations to file the e-Postcard rather than the Form 990-EZ or the standard Form 990.

For tax years beginning on or after Jan. 1, 2010, most tax-exempt organizations whose gross annual receipts are normally $50,000 or less can file the e-Postcard. The threshold was previously set at $25,000 or less. (However, supporting organizations of any size must file the standard Form 990 or, if eligible, Form 990-EZ).

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