Issue Number: 2012-1
Inside This Issue
1. Updated Procedures for Issuance of Rulings and Determinations
Review the following annual procedure updates that affect tax-exempt organizations.
2. 2012 User Fees for Exempt Organizations Matters
Revenue Procedure 2012-8 provides guidance for complying with the user fee program of the Internal Revenue Service as it pertains to requests for letter rulings, determination letters, etc., on matters under the jurisdiction of the Commissioner, Tax Exempt and Government Entities Division.
See IRS.gov for general information on the TE/GE user fee program and a listing of the exempt organizations user fees for 2012.
3. More Guidance on Reporting Employer Health Care Coverage on Forms W-2
IRS Notice 2012-09 provides additional guidance regarding the requirement that certain employers report the value of employer-sponsored health care coverage on the employees’ Forms W-2. The notice restates and amends the interim guidance in Notice 2011-28.
Notice 2012-09 provides interim guidance that generally is applicable beginning with 2012 Forms W-2 (forms required for 2012 that employers are generally required to give employees by the end of January 2013). Read more about the provision on the ACA pages of IRS.gov.
4. Renew Your Preparer Identification Number
All Preparer Tax Identification Numbers (PTINs) expired on December 31, but the system will continue to accept renewals after the deadline. If you are experiencing technical difficulties when attempting to renew, please review the online troubleshooting tips. Additional guidance will be sent to individuals with expired PTINs in January. Find complete information about the PTIN requirements for practioners on IRS.gov.
5. Workshops for Small and Medium-Sized Exempt Organizations
Start off the new year right by planning to attend one of our workshops for small and medium-sized 501(c)(3) organizations.
Each one-day workshop, presented by experienced Exempt Organizations specialists, will explain what 501(c)(3) organizations must do to keep their tax-exempt status and comply with tax obligations. This popular introductory workshop is designed especially for administrators or volunteers who are responsible for an organization's tax compliance as well as those interested in careers in the nonprofit sector.
To register click on the city of your choice. Registration is now available for the following workshop locations:
Workshops are also planned in:
More information will be available soon.
6. SSA/IRS Reporter Features Informative EO Articles
The SSA/IRS Reporter provides information for employers from the IRS, Social Security Administration and the American Payroll Association. The Winter issue includes articles of interest to exempt organizations on the IRS Voluntary Classification Settlement Program and a planned new round of outreach to small businesses and practitioners on the Small Business Health Care Tax Credit.
7. Revised Form 2848, Power of Attorney and Declaration of Representative
8. Fact Sheet 2012-5, Choosing a Tax Preparer
The new IRS fact sheet on Choosing a Tax Preparer provides useful tips individuals and exempt organizations should consider when selecting a professional to prepare their returns.
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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