Form
990 Penalty Relief Help
Have you received a letter from the IRS saying that you owe a
penalty for filing your Form 990 late? If so, you need to
respond quickly. I'll be happy to help you write a letter
requesting abatement of the penalties, or, you can do it
yourself after reading my Form 990 Penalty Relief Manual
e-book (instant download), which will teach you how to use
the IRS "reasonable cause" provisions to request relief from
penalties.
Get
an Extension of Time to File Do you need
more time to file form 990, 990-EZ, or 990-T? Find out
how and when to file your extension request with the IRS.
Download a FREE booklet on how to properly file a Form
990 extension request. I've written the plain
English instructions that should have come with the
form.
How I Can Help
You I provide competent professional services and
guidance to small tax-exempt and charitable organizations. I
provide services related to Form 990 preparation, Form
1023 / 1024 Applications for Tax Exempt Status, and late filing
penalty abatement. I also provide consultations to start-up
nonprofit organizations that need on guidance on formation and
applying for tax exempt status.
New Laws That Affect You The IRS has made
sweeping changes to the 2008 and later Form 990, and to
the filing requirements for small tax-exempt organizations that
were not previously required to file Form 990. Changes have
also been made to the procedures for applying for tax-exempt
status using Form 1023. Some of these changes could have
serious implications for your organization if you are not in
compliance.
Update on Cyber-Assistant
From the IRS: "The IRS has been developing Cyber-Assistant, a
Web-based software program, designed to help 501(c)(3)
applicants file a complete and accurate application for
exemption (Form 1023) and improve the quality and consistency
of exemption applications. Unfortunately, software testing has
revealed some problems requiring correction prior to public
launch, and the IRS must delay the release of Cyber-Assistant
beyond this calendar year. Accordingly, the IRS will continue
to accept and process all applications using our existing
processes and the current will remain in effect for this
calendar year."
Why Hire a Professional Preparer Both Form 990
and Form 1023/1024 are designed to detect improper use of funds
or assets, and to detect improper relations between directors
and the organization. It accomplishes this by asking
very technical questions, using specialized language.
If you do not have a good understanding of terms and concepts
like disqualified person, excess benefit, excess contribution,
unrelated business income, supporting organization,
noncharitable exempt organization...read
more
