New requirement for some 501(c)(4) organizations

Since late December 2015 we have been on the lookout for implementing regulations regarding the new notice requirements on certain 501(c)(4) organizations.  The IRS has now issued Revenue Procedure 2016-41 and the Treasury Department issued final and temporary regulations implementing the new requirement that organizations must notify the IRS within 60 days of their creation if they intend to operate as an organization described under Section 501(c)(4).  For some of the background on this requirement, please see my prior posts here and here

Read more: New requirement for some 501(c)(4) organizations

Upcoming presentation

I am presenting at the 2016 Nonprofit Essentials Conference on August 9, 2016, at the University of St. Thomas. I will be discussing legal requirements and the importance of being transparent. Please join me! 

It just got easier for watchdog groups to police the sector!

The IRS announced this week that is is now releasing electronically-filed 990s, 990-EZs, and 990-PFs from 2011 to the present in machine readable format.  This change will make it much easier for watchdog groups and others interested in analyzing 990 data for trends (and issues) in the sector.  For more information see the IRS' notice, and my previous blog post on the subject.

Minneapolis Paid Sick Leave Ordinance

On May 27, 2016, the Minneapolis City Council voted unanimously to approve an ordinance that will require employers to provide paid sick leave to most workers. 
 

1023-EZ fee going down July 1st

The IRS just announced today, via Revenue Procedure 2016-32, that it will be reducing the user fee (filing fee) for the 1023-EZ from $400 to $275, effective July 1st.  While it is cheaper, faster, and easier -- I still continue to caution users of the 1023-EZ.  See my prior posts here and here.  For my real inital thoughts (the snarky ones), please contact me privately (or perhaps read about it on Twitter).

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