Exempt Organizations

Exempt Organizations 

This section covers issues of taxation and filing requirements of exempt organizations. It contains articles, tools and practice aids, as well as comment letters pertaining to legislative matters and IRS regulation and administration in this area.

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Comments on Form 990 Instructions March 2006

Comment Letter AICPA comments on March 31, 2006, on specific changes to the Instructions to Line 75c of the 2005 Form 990, Return of Organization Exempt from Income Tax. They believe the instructions should be clarified to indicate situations in which the reporting rules do not apply.
Published on April 29, 2016

July 2004 Charitable Governance Letter

Comment Letter AICPA submits comments on the Senate Finance Committee discussion draft relating to charitable governance, for the charitable governance roundtable in July 2004, stating they can't commend changes that will impose financial burdens on all exempt organization as a result of the acts of a few. They discuss the consequences.  We commend
Published on April 29, 2016

Comments on Certification of UBTI for Certain Organizations February 7, 2006

Comment Letter AICPA provides comments, February 7, 2006, on provisions, fundamental concerns, and clarification issues contained within HR 4297 (formerly S. 2020), Tax Relief Act of 2005, section 206(c) regarding certification of unrelated business tax income for certain organizations and our concerns about the vague and unprecedented nature of the proposed provisions.
Published on April 29, 2016

Comments Regarding Additional Requirements on Tax Exempt Hospitals

Comment Letter The AICPA submitted comments on Notice 2010-39 regarding additional requirements for certain hospitals under IRC section 501(r).  In our comments, we addressed the following issues:  (1) the definition of a hospital; (2) the applicability of this definition to hospitals with more than one facility; (3) community health needs assessments (CHNA);
Published on April 29, 2016

Comments on 2009 Form 990

Comment Letter The AICPA's Exempt Organizations Tax Technical Resource Panel submitted the following comments relating to the 2009 Form 990, Return of Organization Exempt from Income Tax.
Published on April 29, 2016

August 3, 2011 Comments on Form 990

Comment Letter The AICPA Exempt Organizations Tax Technical Resource Panel submitted comments on Form 990, Return of Organization Exempt from Income Tax, and instructions to Lois Lerner, Director, Exempt Organizations at the Internal Revenue Service (IRS).  (August 3, 2011)
Published on April 29, 2016

Announcement 2010-30

Guidance Announcement 2010-30, Draft Schedule and Instructions for Uncertain Tax Positions Proposal.
Published on April 29, 2016

AICPA Submits Comments on Form 990 and Instructions

Comment Letter The AICPA submitted comments on 08.16.2012 on Form 990, Return of Organization Exempt from Income Tax, and Instructions.
Published on April 29, 2016

AICPA schedule H De Minimis JV Comment Letter 2-26-14

Comment Letter This comment letter was developed by the AICPA Exempt Organizations Taxation Technical Resource Panel and it proposes recommendations for de minimis options in the reporting of JVs on Form 990, Schedule H, Part I, Line 7 – calculation of joint ventures for hospitals.
Published on April 29, 2016

AICPA Comments on Public Inspection of Exempt Organization Tax Forms

Comment Letter AICPA comments on Notice 2008-49 and recommends the Treasury and IRS to issue guidance in the form of a Notice or Regulation to only require exempt organizations that file under sections 6033 or 6011 to publicly disclose their tax returns. Guidance should be issued to clarify the public inspection requirements
Published on April 22, 2016

AICPA Comments on Form 990 Issues-Announcement 2011-36

Comment Letter The American Institute of Certified Public Accountants (AICPA) submitted comments on Announcement 2011-36 to the Internal Revenue Service (IRS) on transitional issues and frequently asked questions (FAQs) involving the redesigned Form 990, Return of Organization Exempt from Income Tax.  (August 9, 2011)
Published on April 22, 2016

AICPA Form 990 Comments 10-25-13

Comment Letter AICPA provides comments to the IRS on Form 990, Return of Organization Exempt from Income Tax, and instructions. The letter includes comments and recommendations for the 2014 forms and instructions, while indicating the importance and urgency of each recommendation.
Published on April 22, 2016

AICPA Suggests Improvements to Form 1023

Comment Letter On December 2, 2002, AICPA makes suggestions to the IRS for improvements to Form 1023, the Application for Recognition of Exemption for nonprofit organizations.
Published on June 09, 2015

Comments on New Form 990 September 2007

Comment Letter AICPA submitted detailed observations on September 13, 2007 on the IRS draft of the redesigned Form 990 along with recommendations for improvements. While the primary focus is on forms, there are also notes on instructions and details.  The IRS intends to implement the redesigned Form 990 for 2008 tax years.
Published on November 06, 2012

March 2005 Comments on Governance

Comment Letter Provided are proposed comments and suggestions from the AICPA in response to concerns for reform and best practices for NPOs including but not limited to: audit thresholds, availability of financial information, auditor rotation, CEO/CFO Certification, etc.  Submitted on March 1, 2005, these comments and suggestions are made in light of
Published on November 06, 2012

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