New e-filing requirements.With the enactment of the Pension Protection Act of 2006, small tax-exempt tax-ex·empt adj. 1. Not subject to taxation, as the capital or income of a philanthropic organization. 2. Producing interest that is exempt from income tax: tax-exempt bonds. n. organizations that previously were not required to file returns may be required to file an annual electronic notice beginning in 2008. [ILLUSTRATION OMITTED] The filing requirement applies to tax periods beginning after Dec. 31, 2006. Under the new requirement, small tax-exempt organizations would have to file Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations not Required To File Form 990 or 990-EZ. Exceptions to this requirement include organizations that are included in a group return, private foundations required to file Form 990-PF, and section 509(a)(3) supporting organizations required to file Form 990 or Form 990-EZ. Get more information at www.irs.gov See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. . |
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