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IRS Letter on 2008 Filing Requirement
We have received a number of questions from Field units concerning
a letter they have received from the IRS entitled, "2008 Annual
Electronic Notice Filing Requirement". We anticipate that ALL AFA units
will receive a similar letter at some point. A sample is available on the IRS
website (see link below).
The AFA staff is working with our tax attorney to be sure we fully
understand the requirement and can provide states and chapters with information
to assist them in complying. The essential points as we understand them today
are as follows:
- his letter is essentially an early notification of a requirement that has
been enacted into law and with which our chapters and states will have to comply.
Essentially it's a "heads-up" for you.
- Chapters or states that currently file an IRS Form 990 are not affected and should
continue to file as they have in the past.
- The information that will be required to be submitted is listed on the letter.
The prudent move today for units is to be sure they have answers to each item NOW
and file those with the letter pending further guidance. The organization's tax period
should be defined in your chapter or state constitution.
- The filing is for your 2007 tax year and will be made in 2008 within
the time period following as specified in the letter.
- The ONLY filing method will be an "e-postcard" IRS form 990-N.
It will be done in ELECTRONIC FORM ONLY. Specific procedures are still being
developed by the IRS and will be publicized when complete.
As the letter indicates, additional information will be posted on the
IRS website at www.irs.gov/eo as it becomes available. Currently you
will find an article posted on this new procedure
(http://www.irs.gov/charities/article/0,,id=169250,00.html )
which contains a series of Frequently Asked Questions (FAQ) that you may
find helpful.
This requirement applies to all of AFA's subordinate organizations as
well as any additional organizations set up by chapters or states that are
NOT included under AFA's group exemption (e.g. educational foundations).
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