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Form 990 Changes for E-Filing, Public Access, and Notice Before Auto-Revocation

July 19, 2019

As most nonprofit leaders recognize, tax-exempt organizations must file an annual IRS Form 990. Until now, e-filing was available only to very large or very small nonprofits. In addition, a nonprofit could lose its tax-exempt status without prior IRS notice, upon three consecutive years’ failure to file Form 990s.  But under the newly enacted Taxpayer First Act (H.R. 3151) (“Act”), effective July 1, 2019, the Form 990 filing landscape has changed significantly.

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Tax Exemption

NONPROFIT LAW NEWSFEED

Attorney General James Files Lawsuit Against IRS

07/18/2019

New York State Attorney General's Office  NEW YORK — Attorney General Letitia James today filed a lawsuit against the Internal Revenue Service (IRS), along with New Jersey, and Connecticut, that argued against the new IRS Rule that would prevent residents from obtaining charitable deductions for contributions to local governments.

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Parking Tax Update - Repeal of Parking Fringes Tax

07/02/2019

ECFA  The Economic Mobility Act of 2019 would repeal section 512(a)(7), which imposes a 21 percent tax on expenses incurred by tax-exempt organizations for providing transportation benefits to their employees. The bill was approved by the House Ways and Means Committee on June 20.

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Feds release long-awaited rules on college endowment tax

07/01/2019

The Washington Post  The Treasury Department late Friday proposed rules for a tax on the endowments of private colleges and universities, but higher-education experts say the guidelines raise questions more than they provide answers.

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Supreme Court to review Montana school choice program

06/28/2019

Star Tribune  The Supreme Court will consider reviving a Montana program that gives tax credits to people who donate to private-school scholarships.

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Court holds that First Amendment does not apply to private operator of public-access channels

06/20/2019

SCOTUS Blog  The First Amendment bars the government from restricting freedom of speech, but it does not generally apply to private actors, like corporations.

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Atheist Group Decides Not to Appeal Clergy Housing Allowance Case to the U.S. Supreme Court

06/17/2019

Nonprofit CPA  The atheist group, Freedom from Religion Foundation, that filed the federal lawsuit challenging the constitutionality of the clergy housing allowance exclusion announced on Fr

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Treasury Issues Final Regulations on Charitable Contributions and State and Local Tax Credits

06/14/2019

U.S. Department of the Treasury  The U.S.

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An IU Study Shows the Shape of US Disaster Giving

06/13/2019

Nonprofit Quarterly  Damage from 14 natural disasters, including hurricanes and wildfires, devastated many areas of the US in 2018 to a cost of $91 billion.

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Tax Perks for College Donations Would Be Slimmer Under Wyden Bill

06/07/2019

Bloomberg Tax  A top Democrat in the Senate hopes to stop parents from making donations that could increase the chances their children get in to certain colleges.

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Former Exec at Lessie Bates Davis Agency Indicted for Embezzlement

06/06/2019

Illinois Business Journal  A Troy, Ill., man has been indicted for allegedly embezzling funds from an East St. Louis-based nonprofit.

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Attorney General James Files Lawsuit Against IRS

07/18/2019

New York State Attorney General's Office  NEW YORK — Attorney General Letitia James today filed a lawsuit against the Internal Revenue Service (IRS), along with New Jersey, and Connecticut, that argued against the new IRS Rule that would prevent residents from obtaining charitable deductions for contributions to local governments.

READ MORE

Parking Tax Update - Repeal of Parking Fringes Tax

07/02/2019

ECFA  The Economic Mobility Act of 2019 would repeal section 512(a)(7), which imposes a 21 percent tax on expenses incurred by tax-exempt organizations for providing transportation benefits to their employees. The bill was approved by the House Ways and Means Committee on June 20.

READ MORE