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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    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 February 28, 2014

    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 October 29, 2013

    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 July 12, 2013

    AICPA Comments on IRS Exempt Organization Enforcement Efforts

    Comment Letter This April 12, 2004 letter from the AICPA Exempt Organization Taxation Technical Resource Panel to the Advisory Committee on Tax Exempt and Government Entities discusses enforcement and compliance processes and proposes a Form 990 redesign, a redesign of the exemption application process for section 501(c)(3) organizations, and new applications for
    Published on July 01, 2013

    2013 Form 1065 (and Instructions) and Schedule K-1 Instructions and Reporting UBTI

    Comment Letter
    Published on June 21, 2013

    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 November 12, 2012

    AICPA Questions IRS About Education Letters Sent to Exempts

    Comment Letter March 26, 2004. This letter to the IRS Exempt Organizations Division addresses their recent sending of ""educational letters"" informing charitable organizations with contribution income that they are: (1) disclosing an amount less than 5 percent of contributions; or (2) not disclosing any fundraising expenses in Part II of Form 990.
    Published on November 12, 2012

    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 Governance Whitepaper

    Comment Letter AICPA supports the Senate Finance Committee's objective of ensuring that not-for-profit organizations maintain the full confidence of the public by being accountable and fulfilling their fiduciary responsibilities.  This whitepaper was attached to a cover letter submitted in March 2005.
    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

    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 November 06, 2012

    May 11, 2010 Comment on Instructions to Form 990

    Comment Letter The AICPA Exempt Organizations Taxation Technical Resource Panel submitted comments on Form 990, Return of Organization Exempt from Income Tax, and its Instructions on May 11, 2010.
    Published on November 06, 2012

    Comments on Audit Firm Rotation for Exempt Organizations June 1, 2007

    Comment Letter June 1, 2007 comment letter regarding AICPA reservations over the suggestion that audit firm rotation constitutes a good practice for exempt organizations, since it has consistently failed to gain support from the SEC, GAO, private organizations, academics, & others constituting sound public policy. Reasons are given.  IRS previously published draft
    Published on November 06, 2012

    May 21, 2008 Comment Letter regarding Draft 2008 Form 990 Instructions

    Comment Letter AICPA provides the IRS on May 21, 2008 with comments developed by the Form 990 Instructions Task Force and approved by the Exempt Organizations Technical Resource Panel in order to improve the overall quality and implementation of the form and instructions for 2008.
    Published on November 06, 2012

    May 21, 2012 Comments on Automatic 6 Month Extension for Form 990 Series

    Comment Letter The AICPA submitted a proposal for one automatic six-month extension for all required exempt organization returns (May 21, 2010).
    Published on November 06, 2012

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