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IRS rules on smaller tax-exempt e-Postcard filing

Bricker & Eckler LLP
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USA
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August 31 2009

The IRS has issued final rules (T.D. 9454) describing how tax-exempt organizations with gross annual receipts of less than $25,000 are to electronically file the annual e-Postcard notification (Form 990-N) with the IRS, rather than the Form 990 or 990-EZ, which organizations with greater gross receipts must file

House bill introduced on exclusion of partnership debt from “acquisition indebtedness”

Bricker & Eckler LLP
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USA
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August 31 2009

House Bill 3497 (Rep. Levin, D-Mich), introduced on July 31, would add a provision to the tax code stating that “acquisition indebtedness” for exempt organizations’ unrelated business taxable income purposes does not include debt incurred by a partnership in purchasing qualified securities or commodities

Proposed rules issued giving authority for church tax inquiries

Bricker & Eckler LLP
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USA
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August 31 2009

The Director of IRS Exempt Organizations (currently Lois Lerner) has been given the authority to sign off on church tax inquiries, according to proposed rules issued by the IRS on July 31

Public charity test guidance desired in wake of elimination of advance ruling period

Bricker & Eckler LLP
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USA
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August 31 2009

Previously, new organizations with less than one-third public support could request a definitive public charity ruling on the basis of a "10 percent plus facts and circumstances" test at the time they filed Form 8734 (the support schedule for an advance ruling period

IRS announcement on switching public charity classification

Bricker & Eckler LLP
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USA
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August 31 2009

On August 10, the IRS released Announcement 2009-62, to provide procedures that a Code Section 509(a)(3) supporting organization may use to request a change in its public charity classification

“Clunkers” program not helping charities

Bricker & Eckler LLP
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USA
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August 31 2009

While the popular "Cash for Clunkers" program has been well-liked by car buyers looking for rebates of up to $4,500 for trading in gas-guzzling vehicles for new fuel-efficient cars, charities which rely on vehicle donations for funding are receiving fewer cars and trucks

Non-profit hospitals charity care minimum eliminated from Baucus health care proposal

Bricker & Eckler LLP
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USA
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September 30 2009

The 5 percent minimum charity care requirement, which is being opposed by nonprofit hospitals, has been deleted from the health care reform proposal of Senate Finance Committee Chairman Max Baucus (D-Mont

IRS guidelines issued on processing certain exempt organizations requests

Bricker & Eckler LLP
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USA
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September 30 2009

The IRS (Director, Exempt Organizations Rulings and Agreements) has issued new exempt organization guidelines to assist IRS Exempt Organizations determination specialists with processing certain requests

United Way funding cuts

Bricker & Eckler LLP
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USA
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May 31 2009

After a disappointing fundraising campaign, the board of trustees of the United Way of Central Ohio voted last month to cut support to member-agency programs by 6 percent for the second half of the year

Ohio joins the nationwide effort to eliminate fraudulent charities

Bricker & Eckler LLP
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USA
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May 31 2009

State Attorney General Richard Cordray announced in May that Ohio has joined with the Federal Trade Commission and 47 other states in a crackdown being referred to as "Operation False Charity."

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