Write-Offs
February 8, 2007 | Read Time: 1 minute
- The Internal Revenue Service has announced that it will not increase the fees that it charges nonprofit organizations to apply for tax-exempt status or to receive written advice this year (Revenue Procedure 2007-8, Internal Revenue Bulletin 2007-1). Nonprofit groups that seek rulings for the first time to say they qualify as charities generally will continue to pay $750. Organizations that seek written “private-letter” rulings from the government on how to handle complex legal issues will generally continue to pay $8,700 for each request. To get a copy of the IRS notice: Go to http://www.irs.gov/charities/article/0,,id=165719,00.html.
- The IRS’s office of Exempt Organizations recently created a Web site that offers a series of online tax courses aimed at helping small organizations understand and meet the agency’s regulations. The online training courses, which range in length from 30 to 60 minutes, cover topics such as how to maintain charitable tax status, fill out a Form 990, and account for income that is unrelated to an organization’s charitable mission. To get to the site: Go to http://www.stayexempt.org.