Received: from mailer4.service.govdelivery.com ([208.42.190.164]:37528) by stodi.digitalkingdom.org with esmtp (Exim 4.76) (envelope-from ) id 1SiD3A-00076U-Hs for secretary@lojban.org; Fri, 22 Jun 2012 16:14:20 -0700 Received: from service.govdelivery.com ([10.10.22.164]) by mailer4.service.govdelivery.com (-); Fri, 22 Jun 2012 18:13:51 -0500 X-VirtualServer: Default, mailer4.service.govdelivery.com, 10.10.22.164 X-VirtualServerGroup: Default X-MailingID: 17045083::20120622.8513571::1001::MDB-PRD-BUL-20120622.8513571::secretary@lojban.org::128628 X-SMHeaderMap: mid="X-MailingID" X-Destination-ID: secretary@lojban.org X-SMFBL: c2VjcmV0YXJ5QGxvamJhbi5vcmc= Content-Transfer-Encoding: 7bit Content-Type: multipart/alternative; boundary="----=_NextPart_B10_5CE6_1DD870F9.0C9205C0" x-subscriber: rAbWeDFG5+gJOD/umQ5uzVNM3kIdTDaV X-AccountCode: USIRS Errors-To: info99@service.govdelivery.com Reply-To: Exempt Organization Update MIME-Version: 1.0 Message-ID: <1340406727290.26595.78913589.bulletin.irs@service.govdelivery.com> Subject: Exempt Organization Update Date: Fri, 22 Jun 2012 18:13:33 -0500 To: secretary@lojban.org From: Exempt Organization Update X-Spam-Score: 0.0 (/) X-Spam_score: 0.0 X-Spam_score_int: 0 X-Spam_bar: / ------=_NextPart_B10_5CE6_1DD870F9.0C9205C0 Content-Type: text/plain; charset="UTF-8" Content-Disposition: inline Content-Transfer-Encoding: quoted-printable [ http://content.govdelivery.com/bulletins/gd/USIRS-445473?reqfrom=3Dshar= e ] IRS.gov Banner=20 EO Update - e-News for Charities and Non-Profits June 22, 2012=20 =20 Useful Links: IRS.gov [ http://www.irs.gov/ ] Charities and Nonprofits=20 Homepage [ http://www.irs.gov/charities/index.html ] EO FAQs [ http://www.irs.gov/charities/content/0,,id=3D96986,00.html ] EO Forms and Publications [ http://www.irs.gov/charities/article/0,,id=3D= 96774,00.html ] EO Newsletter [ http://www.irs.gov/charities/article/0,,id=3D135307,00.ht= ml ] Life Cycle [ http://www.irs.gov/charities/charitable/article/0,,id=3D1364= 59,00.html ] ________________________________________________________________________ Upcoming Events: EO Calendar of Events [ http://www.irs.gov/charities/article/0,,id=3D9608= 3,00.html ] ________________________________________________________________________ IRS Resources Compliance & Enforcement [ http://www.irs.gov/compliance/index.html ] Contact My Local Office [ http://www.irs.gov/localcontacts/index.html ] e-file [ http://www.irs.gov/efile/index.html ] Forms & Pubs [ http://www.irs.gov/formspubs/index.html ] Frequently Asked Questions [ http://www.irs.gov/faqs/index.html ] News [ http://www.irs.gov/newsroom/index.html ] Taxpayer Advocacy [ http://www.irs.gov/advocate/index.html ] Where to File [ http://www.irs.gov/file/index.html ] ________________________________________________________________________ =20 Issue Number:=C2=A0=C2=A0=C2=A0=C2=A02012-12 Inside This Issue * IRS issues proposed regulations on new requirements for 501(c)(3) hos= pitals [ #First ]=20 * Reminder: FBAR filing deadline [ #Second ]=20 * Don't miss upcoming phone forum on exempt organizations and gaming [ = #Third ]=20 * Sale of bond-financed property may jeopardize tax-exempt status of bo= nds [ #Fourth ]=20 * Register for the July 25 EO webinar: "Churches and Religious Organiza= tions" [ #Fifth ]=20 * Reminder: Hire a veteran in 2012 and receive significant tax benefits= [ #Sixth ]=20 ________________________________________________________________________ *=C2=A0=C2=A01.=C2=A0=C2=A0*IRS issues proposed regulations on new requir= ements for 501(c)(3) hospitals** ________________________________________= ________________________________ The IRS [ http://www.irs.gov/newsroom/article/0,,id=3D220809,00.html ] ha= s issued a notice of proposed rulemaking regarding certain additional req= uirements enacted by the ACA applicable to charitable hospitals (see "Add= itional Requirements for Tax-Exempt Hospitals"). The proposed regulations address the requirements that charitable hospita= ls: * establish written financial assistance and emergency medical care pol= icies,=20 * limit amounts charged for emergency or other medically necessary care= to individuals eligible for assistance under the hospital's financial as= sistance policy, and=20 * make reasonable efforts to determine whether an individual is eligibl= e for assistance under the hospital=E2=80=99s financial assistance policy= before engaging in extraordinary collection actions against the individu= al.=C2=A0=20 Comments are requested by Sept. 24, 2012. Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A02.=C2=A0=C2=A0Reminder: *FBAR filing deadline** ____________= ____________________________________________________________ Helpful information for=C2=A0Report of Foreign Bank and Financial Account= s (FBAR) filings. * The filing deadline [ http://www.irs.gov/businesses/small/article/0,,= id=3D210244,00.html#FR9 ] for FBARs is June 30, 2012, no exceptions.=20 * FBAR filings=C2=A0 must be received by June 30, not post-marked.=20 * FBAR e-file [ http://www.fincen.gov/news_room/nr/html/20110717.html ]= is now available.=20 * Where do you file FBAR [ http://www.irs.gov/businesses/small/article/= 0,,id=3D148849,00.html ]?=20 * IRS offers an email address=C2=A0for your FBAR=C2=A0inquiries:=C2=A0 = FBARquestions@irs.gov=20 * Need FBAR and Title 31 assistance? Contact the IRS helpline [ http://= www.irs.gov/businesses/small/article/0,,id=3D247147,00.html ] from within= the U.S. or from abroad.=20 Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A03.=C2=A0=C2=A0*Don't miss upcoming phone forum on exempt org= anizations and gaming** _________________________________________________= _______________________ Don't miss listening to the=C2=A0July 18 phone forum [ http://www.irs.gov= /charities/article/0,,id=3D258086,00.html ] where IRS Exempt Organization= s specialists will lead a discussion on six topics of importance to exemp= t organizations that conduct gaming. Topics include the impact of gaming = on tax-exempt status, internal controls and recordkeeping, Form 990 filin= g requirements, unrelated business income tax, filing requirements for pa= yments made to individuals and wagering/excise taxes. Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A04.=C2=A0=C2=A0*Sale of bond-financed property may jeopardize= tax-exempt status of bonds** ___________________________________________= _____________________________ In their need to raise funds, 501(c)(3) organizations sometimes=C2=A0sell= property financed with tax-exempt bonds. These sales could cause the bon= d issue to become taxable. Sale of Assets Financed with Tax-Exempt Bonds by State and Local Governme= nts and 501(c)(3) Organizations [ http://www.irs.gov/taxexemptbond/articl= e/0,,id=3D257184,00.html ] provides basic information concerning on remed= ial actions needed to preserve the tax-exempt status of the bond issue. The IRS also has released the new Publication 5005 [ http://www.irs.gov/p= ub/irs-pdf/p5005.pdf ], Your Responsibilities as a Conduit Issuer of Tax-= Exempt Bonds. This publication provides an overview for state and local g= overnments of the responsibilities of the conduit issuer with respect to = tax compliance in municipal financing arrangements, commonly known as con= duit financings. For more information, go to Tax Exempt Bond Community [ http://www.irs.go= v/taxexemptbond/index.html?navmenu=3Dmenu1 ] on IRS.gov [ http://www.irs.= gov/index.html ]. Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A05.=C2=A0=C2=A0Register for the July 25 EO webinar: "Churches= and Religious Organizations"* __________________________________________= ______________________________ Please register [ http://www.visualwebcaster.com/IRS/87466/reg.asp?id=3D8= 7466 ] for the July 25 EO webinar, "Churches and Religious Organizations.= " This free webinar will cover the following topics: * When it comes to taxes, what is a "church?"=20 * What is a =E2=80=9Creligious organization?=E2=80=9D=20 * How do you apply for tax exempt status?=20 * How to stay exempt: do's and don'ts=20 * Special rules for compensation of ministers=20 * Recordkeeping and filing=20 * Rules limiting an IRS audit of a church=20 Presentation times: 2 p.m. Eastern Time, 1 p.m. Central Time, Noon Mounta= in Time, and 11 a.m. Pacific Time Visit the following=C2=A0archived webinars at=C2=A0IRS video portal [ htt= p://www.irsvideos.gov/ ]=C2=A0under the non-profit=C2=A0tab:=C2=A0=C2=A0 * Starting and Operating Charities for Disaster Relief (May 30, 2012)=20= * International Activities of Domestic Charitable Organizations (August= 4, 2011)=20 * Starting off Right =E2=80=93 What New 501(c)(3) Organizations Need to= Know (April 28, 2011)=20 * Starting off Right - What New NON-501(c)(3) Organizations Need to Kno= w (February 24, 2011)=20 Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A06.=C2=A0=C2=A0*Reminder: Hire a veteran in 2012 and receive = significant tax benefits** ______________________________________________= __________________________ A law change enacted late last year now provides an expanded Work Opportu= nity Tax Credit (WOTC) [ http://www.irs.gov/businesses/small/article/0,,i= d=3D253949,00.html ] to employers that hire eligible unemployed veterans.= The credit can be as high as $9,600 per veteran for for-profit employers= or up to $6,240 for tax-exempt organizations. The amount of the credit d= epends on a number of factors, including the length of the veteran=E2=80=99= s unemployment before hire, hours a veteran works and the amount of first= -year wages paid. Employers who hire veterans with service-related disabi= lities may be eligible for the maximum credit. Back to Top [ #Fifteenth ] ________________________________________________________________________ If you have a technical or procedural question relating to Exempt Organiz= ations, visit the Charities and Nonprofits [ http://www.irs.gov/eo ] home= page on the IRS.gov Web site. If you have a specific question about exempt organizations, call *EO Cust= omer Account Services at 1-877-829-5500*. Subscribe [ http://www.irs.gov/charities/article/0,,id=3D154837,00.html ]= to EO Update. This message was distributed automatically from the mailing list eo-updat= e. *Please Do Not Reply To This Message*. =20 ________________________________________________________________________ Update your subscriptions, modify your password or email address, or stop= subscriptions at any time on your Subscriber Preferences Page [ https://= public.govdelivery.com/accounts/USIRS/subscriber/new?preferences=3Dtrue ]= . You will need to use your email address to log in. If you have question= s or problems with the subscription service, please contact support@govde= livery.com. This service is provided to you at no charge by the Internal Revenue Serv= ice (IRS) [ http://www.irs.gov/ ]. ________________________________________________________________________ This email was sent to secretary@lojban.org by: Internal Revenue Service = (IRS) =C2=B7 Internal Revenue Service =C2=B7 1111 Constitution Ave. N.W. = =C2=B7 Washington DC 20535 Powered by GovDelivery [ http://www.govdeliver= y.com/portals/powered-by ] =0A ------=_NextPart_B10_5CE6_1DD870F9.0C9205C0 Content-Type: text/html; charset="UTF-8" Content-Disposition: inline Content-Transfer-Encoding: quoted-printable = Exempt Organization Update

3D'Bookmark

=
EO Update - e-News for Charities and Non-= Profits June 22, 2012

Useful Links:

IRS.gov=

Charities and Nonprofits
Homepage

EO FAQs

EO Forms and Publications

EO Newsletter

Life Cycle

Upcoming Events:

EO Calendar of Events

IRS Resources

Compliance & Enforcement

Contact My Local Office

e-file

Forms & Pubs

Frequently Asked Questions

News

Taxpayer Advocacy

Where to File

Issue Number:    2012-1= 2

Inside This Issue=

  1. IRS issues proposed regulations on new requirement= s for 501(c)(3) hospitals
  2. Reminder: FBAR filing deadline
  3. Don't miss upcoming phone forum on exempt organiza= tions and gaming
  4. Sale of bond-financed property may jeopardize tax= -exempt status of bonds
  5. Register for the July 25 EO webinar: "Churches and= Religious Organizations"
  6. Reminder: Hire a veteran in 2012 and receive signi= ficant tax benefits

  1.  IRS issues pr= oposed regulations on new requirements for 501(c)(3) hospitals=20

The IRS has issued a no= tice of proposed rulemaking regarding certain additional requirements ena= cted by the ACA applicable to charitable hospitals (see "Additional Requi= rements for Tax-Exempt Hospitals").

The proposed regulations a= ddress the requirements that charitable hospitals:

  • establish written financial assistance and emergency medical care pol= icies,
  • limit amounts charged for emergency or other medically necessary care= to individuals eligible for assistance under the hospital's financial as= sistance policy, and
  • make reasonable efforts to determine whether an individual is eligibl= e for assistance under the hospital’s financial assistance policy b= efore engaging in extraordinary collection actions against the individual= . 

Comments are requested by Sept. 24, 2012.

Back to Top

  2.  Reminder: FB= AR filing deadline=20

Helpful information for Report of Foreign Bank and Financial Acco= unts (FBAR) filings.

  • The filing dea= dline for FBARs is June 30, 2012, no exceptions.
  • FBAR filings  must be received by June 30, not post-marked.
    • =
  • FBAR e-file is now availabl= e.
  • Where do you file = FBAR?
  • IRS offers an email address for your FBAR inquiries:  = FBARquestions@irs.gov
  • Need FBAR and Title 31 assistance? Contact the IRS helpline from within the U.S. or fro= m abroad.

Back to Top

  3.  Don't miss up= coming phone forum on exempt organizations and gaming=20

Don't miss listening to the July 18 phone forum where IRS Exempt Organizations specialists= will lead a discussion on six topics of importance to exempt organizatio= ns that conduct gaming. Topics include the impact of gaming on tax-exempt= status, internal controls and recordkeeping, Form 990 filing requirement= s, unrelated business income tax, filing requirements for payments made t= o individuals and wagering/excise taxes.

Back to Top

  4.  Sale of bond= -financed property may jeopardize tax-exempt status of bonds=20

In their need to raise funds, 501(c)(3) organizations sometimes s= ell property financed with tax-exempt bonds. These sales could cause the = bond issue to become taxable.

Sale of Assets Financed with Tax-Exempt Bonds by State an= d Local Governments and 501(c)(3) Organizations provides basic inform= ation concerning on remedial actions needed to preserve the tax-exempt st= atus of the bond issue.

The IRS also has released the new Publication 5005, Your Responsibilities as a Con= duit Issuer of Tax-Exempt Bonds. This publication provides an overview fo= r state and local governments of the responsibilities of the conduit issu= er with respect to tax compliance in municipal financing arrangements, co= mmonly known as conduit financings.

For more information, go to Tax Exempt Bond Community on IRS.gov.

Back to Top

  5.  Register for the July= 25 EO webinar: "Churches and Religious Organizations"=20

Please register for th= e July 25 EO webinar, "Churches and Religious Organizations."

= This free webinar will cover the following topics:

  • When it comes to taxes, what is a "church?"
  • What is a “religious organization?”
  • How do you apply for tax exempt status?
  • How to stay exempt: do's and don'ts
  • Special rules for compensation of ministers
  • Recordkeeping and filing
  • Rules limiting an IRS audit of a church

Presentation times: 2 p.m. Eastern Time, 1 p.m. Central Time, Noon Mou= ntain Time, and 11 a.m. Pacific Time

Visit the following = archived webinars at IRS video portal under the n= on-profit tab:  

  • Starting and Operating Charities for Disaster Relief (May 30, 2012)
  • International Activities of Domestic Charitable Organizations (August= 4, 2011)
  • Starting off Right – What New 501(c)(3) Organizations Need to K= now (April 28, 2011)
  • Starting off Right - What New NON-501(c)(3) Organizations Need to Kno= w (February 24, 2011)

Back to Top

  6.  Reminder: Hir= e a veteran in 2012 and receive significant tax benefits=20

A law change enacted late last year now provides an expanded Work Opportunity Tax Credit (WOT= C) to employers that hire eligible unemployed veterans. The credit ca= n be as high as $9,600 per veteran for for-profit employers or up to $6,2= 40 for tax-exempt organizations. The amount of the credit depends on a nu= mber of factors, including the length of the veteran’s unemployment= before hire, hours a veteran works and the amount of first-year wages pa= id. Employers who hire veterans with service-related disabilities may be = eligible for the maximum credit.

Back to Top

If you have a technical or procedural question relating to Exempt Orga= nizations, 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.

Subscribe to EO Update.

This message was distributed automatically from the mailing list eo-up= date. Please Do Not Reply To This Message.

Update your subscriptions, modify your p= assword or email address, or stop subscriptions at any time on your Subscriber Preferences Page.= You will need to use your email address to log in. If you have questions= or problems with the subscription service, please contact support@govdelivery.com.

This service is provided to you at no ch= arge by the In= ternal Revenue Service (IRS).

This email was sent to secretary@lojban.org by: Internal Revenue Ser= vice (IRS) · Internal Revenue Service · 1111 Constitution A= ve. N.W. · Washington DC 20535 3D"Powered
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