The Resource IRS tax return filing requirements and ancillary considerations for foreign charities

IRS tax return filing requirements and ancillary considerations for foreign charities

Label
IRS tax return filing requirements and ancillary considerations for foreign charities
Title
IRS tax return filing requirements and ancillary considerations for foreign charities
Creator
Subject
Language
eng
Summary
In an effort to reduce the tax return filing burden on small US public charities as well as on foreign charities that receive grants and donations from US donors, the Internal Revenue Service in Rev. Proc. 2011-15 increased the tax return filing threshold for Form 990 (or Form 990-EZ) from $25,000 to $50,000. At the same time, however, the IRS confirmed in Section 3.03 of Rev. Proc. 2011-15 that both US and foreign charities that are relieved from filing must nevertheless file a so-called "e-Postcard" (Form 990-N) annually with the IRS, or face the automatic revocation of their Section 501(e)(3) tax exemption under Section 6033(j)(1). This article discusses the implications of the Section 6033 tax return filing requirements that apply to foreign charities, and particularly the provisions of Section 6033(j)(1) that require automatic revocation of their tax-exempt status under Section 501(c)(3) if they fail to comply with their US tax return filing requirements for at least three consecutive years
Citation source
In: Tax management international journal. - Arlington. - Vol. 42 (2013),
http://library.link/vocab/creatorName
Bissell, T.S
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • charities
  • exemption
Label
IRS tax return filing requirements and ancillary considerations for foreign charities
Instantiates
Publication
Label
IRS tax return filing requirements and ancillary considerations for foreign charities
Publication

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