Exempt Organizations Update

Exempt Organizations Update

News story posted in Exempt Organizations Update on 7 June 2013| comments
audience: National Publication | last updated: 7 June 2013


The IRS has released its Exempt Organizations Update. Topics include: 1) tax relief for victims of severe storms and tornadoes in Oklahoma, 2)  preparing for hurricanes, natural disasters by safeguarding tax records, 3) clients filing FBARs, 4) refunds for cancelled RTRP test appointments, and 5) Q&As on 501(c)(3) organizations.

Issue Number:   2013-9

Inside This Issue

  1. Tax relief for victims of severe storms and tornadoes in Oklahoma
  2. Prepare for hurricanes, natural disasters by safeguarding tax records
  3. Do you have clients filing FBARs?
  4. Refunds for cancelled RTRP test appointments
  5. Questions and Answers on 501(c) Organizations

  1.  Tax relief for victims of severe storms and tornadoes in Oklahoma

The IRS recently announced special tax relief for areas in Oklahoma and Illinois affected by severe storms in late May 2013. For those who want to assist the victims, Disaster Relief Resources for Charities and Contributorsexplains resources the IRS has to help those involved in providing disaster relief. Read the IRS news release.

  2.  Prepare for hurricanes, natural disasters by safeguarding tax records

With the start of this year’s hurricane season, the IRS encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Read news release.

  3.  Do you have clients filing FBARs?

Paper filings of TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), for 2012 are due June 30

Effective July 1, 2013, filers must electronically file the FBAR through the BSA E-File System. If unable to E-file, filers may contact the FinCEN Regulatory Helpline at 800-949-2732 to request an exemption.

Help in completing the FBAR is available Monday - Friday, 8 a.m. to 4:30 p.m.Eastern Time, at (866) 270-0733 (toll-free inside the U.S.) or (313) 234-6146(not toll-free, for callers outside the U.S.). Questions regarding the FBAR can be sent to FBARquestions@irs.gov. Filers residing abroad may also contact U.S. embassies and consulates for assistance.

For E-Filing system questions, call the FinCEN E-Filing Help Desk at (866) 346-9478, option 1 (M-F, 8-6 Eastern time).

  4.  Refunds for cancelled RTRP test appointments

The IRS Statement on Court Ruling Related to Return Preparers on IRS.gov has been revised.

  5.  Questions and Answers on 501(c) Organizations

The IRS has received questions related to the exempt organization issues raised recently. Here are some basics on the issue. Review Q&A.

Copyright Notice

This is a work of the U.S. Government and is not subject to copyright protection in the United States. IRS Exempt Organizations encourages readers to reuse these articles in their own organization publications and websites and thereby help disseminate the information beyond the scope of EO Update’ssubscribers

If you have a technical or procedural question relating to Exempt Organizations, visit the Charities and Nonprofits homepage on the IRS.gov Web site.

If you have a specific question about exempt organizations, call EO Customer Account Services at 1-877-829-5500.


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