Friday, August 20, 2010

What You Need to Know About IRS Tax-Exempt Organization Workshops

IRS Exempt Organizations is offering one-day workshops for small and mid-size tax exempt organizations. The workshops are presented by experienced IRS Exempt Organizations specialists that will explain what 501(c)(3) organizations must do to keep their tax-exempt status and comply with tax obligations. These one-day introductory workshops are designed for administrators or volunteers who are responsible for an organization's tax compliance.

Here are five things you need to know about the 2010 IRS Workshops for Small and Mid-Size 501(c)(3) Organizations.

1. The 2010 workshops will be held in September, October and December in Michigan, Ohio, Vermont, North Carolina and Arizona. Additional workshops will be held in 2011.

2. Pre-registration is required.

Location Workshop Hosted By
Southfield, MI September 22 - 23 Lawrence Technological University

Cincinnati, OH October 5 – 7 Internal Revenue Service

South Royalton, VT October 12 Vermont Law School

Raleigh, NC October 20 Institute for Nonprofits at
NC State University

Wilmington, NC October 21 QENO at University of
North Carolina-Wilmington

Phoenix, AZ December 7 - 9 Internal Revenue Service


3. The one-day workshop is designed for representatives of organizations that are new – five years old or less - and for people who are new to tax compliance issues of 501(c)(3) organizations.

4. Each one-day workshop will cover the following topics:

Tax-Exempt Status - Benefits and responsibilities of tax-exempt status under 501(c)(3). Actions that may jeopardize tax-exempt status of an organization.

Unrelated Business Income - The definition of unrelated business income, common examples, common exceptions and filing requirements. Includes a discussion of charitable gaming.

Employment Issues - Classification of workers and filing requirements for employees and independent contractors.

Form 990 Series - An overview of the Forms 990, 990-EZ, and 990-N (e-Postcard), including tips for recordkeeping and answers to frequently asked questions.

Required Disclosures - Overview of disclosures tax-exempt organizations are required to make.

5. For more information about the workshops and how to register visit www.irs.gov/eo and click on Calendar of Events.

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