Reminders from IRS - Filing Your Annual Returns

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RICHARD ALLEN BERNSTEIN (rick.bernstein@wisconsinhistory.org)
Tue, 27 Mar 2018 15:29:29 +0000



From: RICHARD ALLEN BERNSTEIN <rick.bernstein@wisconsinhistory.org>
Subject: Reminders from IRS - Filing Your Annual Returns
Date: Tue, 27 Mar 2018 15:29:29 +0000
Message-id: <DM3PR0601MB1948CF2796CB17CD9A3C88F8F4AC0@DM3PR0601MB1948.namprd06.prod.outlook.com>

Below are a few reminders and heads up from the Internal Revenue Service ab out filing your annual tax returns as a 501c3 tax exempt organization.

Form 990 processing changes

As of January 8, the IRS is returning Form 990 series returns <http://links
.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgwM zI3Ljg3NTcxOTcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3MSZkYXRh YmFzZWlkPTEwMDEmc2VyaWFsPTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5Ad2lzY29 uc2luaGlzdG9yeS5vcmcmdXNlcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3Rvcnkub3 JnJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&125&&&https://www.irs.gov/ch arities-non-profits/annual-reporting-and-filing> filed on paper - and rejec ting electronically filed returns - when they are incomplete or the wrong r eturn. IRS.gov answers the question What happens if my Form 990 is missing information or a schedule, or is the wrong return?<http://links.govdelivery
.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgwMzI3Ljg3NTcxO TcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3MSZkYXRhYmFzZWlkPTEw MDEmc2VyaWFsPTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5Ad2lzY29uc2luaGlzdG9 yeS5vcmcmdXNlcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3Rvcnkub3JnJmZsPSZleH RyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&126&&&https://www.irs.gov/charities-non- profits/exempt-organizations-annual-reporting-requirements-filing-procedure s-incomplete-returns>

Form 990-EZ reminders

Tax-exempt organizations with annual gross receipts under $200,000 and asse ts under $500,000 (at the end of the reporting period) can use Form 990-EZ< http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ 2lkPTIwMTgwMzI3Ljg3NTcxOTcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3 MTk3MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3R laW5Ad2lzY29uc2luaGlzdG9yeS5vcmcmdXNlcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbm hpc3Rvcnkub3JnJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&127&&&https://ww w.irs.gov/pub/irs-pdf/f990ez.pdf>, Short Form Return of Organization Exempt
 from Income Tax, to meet their annual filing requirement. This means you'l l submit less information and fewer schedules than the "full" Form 990<http
://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkP
TIwMTgwMzI3Ljg3NTcxOTcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3 MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5 Ad2lzY29uc2luaGlzdG9yeS5vcmcmdXNlcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3 Rvcnkub3JnJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&128&&&https://www.ir s.gov/pub/irs-pdf/f990.pdf>, Return of Organization Exempt from Income Tax.

Form 990-EZ includes "assistive" features designed to make filing easier, q uicker, and more accurate. These 29 "help buttons"<http://links.govdelivery
.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgwMzI3Ljg3NTcxO TcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3MSZkYXRhYmFzZWlkPTEw MDEmc2VyaWFsPTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5Ad2lzY29uc2luaGlzdG9 yeS5vcmcmdXNlcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3Rvcnkub3JnJmZsPSZleH RyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&129&&&https://www.irs.gov/newsroom/irs-r eleases-updated-form-990-ez-new-options-to-help-exempt-organizations-avoid- errors-file-a-more-accurate-return> don't replace the instructions, but the y do alert the filer to traditionally troublesome areas and have decreased the error rate for paper-filed returns.

The IRS encourages exempt organizations to file electronically, noting the error rate for electronically-filed returns was only 1% for 2017. A list of
 companies providing this service is on IRS.gov<http://links.govdelivery.co m:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgwMzI3Ljg3NTcxOTcx Jm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3MSZkYXRhYmFzZWlkPTEwMDE mc2VyaWFsPTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5Ad2lzY29uc2luaGlzdG9yeS 5vcmcmdXNlcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3Rvcnkub3JnJmZsPSZleHRyY T1NdWx0aXZhcmlhdGVJZD0mJiY=&&&130&&&https://www.irs.gov/uac/exempt-organi zations-electronic-filings-returns-and-notices>.

Form 990-series returns are due on the 15th day of the fifth month <http:// links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIw MTgwMzI3Ljg3NTcxOTcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3MSZ kYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5Ad2 lzY29uc2luaGlzdG9yeS5vcmcmdXNlcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3Rvc nkub3JnJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&131&&&https://www.irs.g ov/charities-non-profits/return-due-dates-for-exempt-organizations-annual-r eturn> after an organization's tax year ends. For organizations using the c
alendar year as their tax year, May 15 is the deadline to file for 2017. If
 you need an extension of time to file<http://links.govdelivery.com:80/trac k?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgwMzI3Ljg3NTcxOTcxJm1lc3NhZ 2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFs PTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5Ad2lzY29uc2luaGlzdG9yeS5vcmcmdXN lcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3Rvcnkub3JnJmZsPSZleHRyYT1NdWx0aX ZhcmlhdGVJZD0mJiY=&&&132&&&https://www.irs.gov/charities-non-profits/exte nsion-of-time-to-file-exempt-organization-returns>, use Form 8868<http://li nks.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMT gwMzI3Ljg3NTcxOTcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3MSZkY XRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MTc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5Ad2lz Y29uc2luaGlzdG9yeS5vcmcmdXNlcmlkPXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3Rvcnk ub3JnJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&133&&&https://www.irs.gov
/charities-non-profits/extension-of-time-to-file-exempt-organization-return s>, Application of Extension of Time to File an Exempt Organization Return.

Form 990 Overview Course

Maintaining 501(c)(3) tax-exempt status is crucial to the success of a char itable organization and most need to submit an annual Form 990-series retur n. This Form 990 overview course <http://links.govdelivery.com:80/track?typ e=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgwMzI3Ljg3NTcxOTcxJm1lc3NhZ2VpZD 1NREItUFJELUJVTC0yMDE4MDMyNy44NzU3MTk3MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3M Tc4OTQ3JmVtYWlsaWQ9cmljay5iZXJuc3RlaW5Ad2lzY29uc2luaGlzdG9yeS5vcmcmdXNlcmlk PXJpY2suYmVybnN0ZWluQHdpc2NvbnNpbmhpc3Rvcnkub3JnJmZsPSZleHRyYT1NdWx0aXZhcml hdGVJZD0mJiY=&&&135&&&https://www.stayexempt.irs.gov/home/existing-organi zations/existing-organizations> shows you which forms to file and when they
 are due, and provides tips to help prepare your form. Regards, Rick

Richard Bernstein, Southern Region Local History-Field Services Office of Programs and Outreach

Wisconsin Historical Society 816 State Street, Madison, WI 53706 608 264 6583 rick.bernstein@wisconsinhistory.org

Wisconsin Historical Society Collecting, Preserving and Sharing Stories Since 1846<http://www.wisconsinh istory.org/?utm_source=Email%20Signatures&amp;amp%3Butm_medium=email&am p;amp%3Butm_campaign=si>



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