Received: from mailer17.service.govdelivery.com ([208.42.190.177]:45317) by stodi.digitalkingdom.org with esmtp (Exim 4.76) (envelope-from ) id 1TynU7-0001xn-SX for secretary@lojban.org; Fri, 25 Jan 2013 09:54:52 -0800 Received: from service.govdelivery.com ([10.10.22.227]) by mailer17.service.govdelivery.com (-); Fri, 25 Jan 2013 11:54:25 -0600 X-VirtualServer: Bulk, mailer17.service.govdelivery.com, 10.10.22.177 X-VirtualServerGroup: Bulk X-MailingID: 17369125::20130125.14829461::1001::MDB-PRD-BUL-20130125.14829461::secretary@lojban.org::121971 X-SMHeaderMap: mid="X-MailingID" X-Destination-ID: secretary@lojban.org X-SMFBL: c2VjcmV0YXJ5QGxvamJhbi5vcmc= Content-Transfer-Encoding: 7bit Content-Type: multipart/alternative; boundary="----=_NextPart_7EC_0AF3_5E8F7742.47C80CD4" x-subscriber: rAbWeDFG5+gJOD/umQ5uzVNM3kIdTDaV X-AccountCode: USIRS Errors-To: info99@service.govdelivery.com Reply-To: irs@service.govdelivery.com MIME-Version: 1.0 Message-ID: <1359136323480.212463.157573283.bulletin.irs@service.govdelivery.com> Subject: Exempt Organization Update Date: Fri, 25 Jan 2013 11:53:49 -0600 To: secretary@lojban.org From: "Exempt Organization Update" X-Spam-Score: -0.4 (/) X-Spam_score: -0.4 X-Spam_score_int: -3 X-Spam_bar: / ------=_NextPart_7EC_0AF3_5E8F7742.47C80CD4 Content-Type: text/plain; charset="UTF-8" Content-Disposition: inline Content-Transfer-Encoding: quoted-printable [ http://content.govdelivery.com/bulletins/gd/USIRS-677dfd?reqfrom=3Dshar= e ] IRS.gov Banner=20 EO Update: e-News for Charities and Nonprofits January 25, 2013=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-&-Non-Profits/Frequently-Asked-Que= stions-about-Tax-Exempt-Organizations ] EO Forms and Publications [ http://www.irs.gov/Charities-&-Non-Profits/EO= -Forms-and-Publications ] EO Newsletter [ http://www.irs.gov/Charities-&-Non-Profits/Current-Editio= n-of-Exempt-Organizations-Update ] Life Cycle [ http://www.irs.gov/Charities-&-Non-Profits/Life-Cycle-of-an-= Exempt-Organization ] ________________________________________________________________________ Upcoming Events: EO Calendar of Events [ http://www.irs.gov/Charities-&-Non-Profits/Calend= ar-of-Events ] ________________________________________________________________________ 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=A02013-2 Inside This Issue * EO=E2=80=99s Annual Report and Workplan for the current fiscal year a= re now available [ #First ]=20 * IRS issues proposed regulations on shared responsibility provisions o= f the Affordable Care Act [ #Second ]=20 * Legislative changes affecting EOs [ #Third ]=20 * Voluntary Classification Settlement Program modified [ #Fourth ]=20 * 2013 updated procedures [ #Fifth ]=20 ________________________________________________________________________ *=C2=A0=C2=A01.=C2=A0=C2=A0*EO=E2=80=99s Annual Report and Workplan for t= he current fiscal year are now available** ______________________________= __________________________________________ This year=E2=80=99s Workplan [ http://www.irs.gov/pub/irs-tege/FY2012_EO_= AnnualRpt_2013_Work_Plan.pdf ]* *takes a special look at the many variabl= es that go into EO compliance projects, the resources and agent training = it takes to deliver a successful project and why most projects don=E2=80=99= t fit neatly into a calendar year.=C2=A0To help exempt organizations bett= er understand the compliance process, EO also is launching new [ http://1= 72.19.8.38/irspup/Charities-&-Non-Profits/Exempt-Organizations-Audit-Proc= ess ] Examinations webpages on audits. Other Workplan highlights include reports on automatic revocation and rei= nstatement, spotlight articles on the Affordable Care Act, Determinations= , governance and other topics, and new outreach and education activities.= Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A02.=C2=A0=C2=A0*IRS issues proposed regulations on shared res= ponsibility provisions of the Affordable Care Act** _____________________= ___________________________________________________ Starting in 2014, certain employers =E2=80=93 including certain for-profi= t, non-profit, and government entity employers =E2=80=93 must offer healt= h coverage to their full-time employees or a shared responsibility paymen= t may apply. On Dec. 28, 2012, the Treasury Department and the IRS issued= proposed regulations [ http://www.irs.gov/pub/newsroom/reg-138006-12.pdf= ] on the Employer Shared Responsibility provisions. Comments may be subm= itted electronically, by mail or hand delivered to the IRS. For additiona= l information on the Employer Shared Responsibility provisions and the pr= oposed regulations, see our questions and answers [ http://www.irs.gov/ua= c/Newsroom/Questions-and-Answers-on-Employer-Shared-Responsibility-Provis= ions-Under-the-Affordable-Care-Act ]. Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A03.=C2=A0=C2=A0*Legislative changes affecting EOs** _________= _______________________________________________________________ The American Taxpayer Relief Act of 2012 extended a modification of the t= ax treatment of payments to controlling exempt organizations to January 1= , 2014. The special rule previously applied only to payments received or = accrued before January 1, 2012.=C2=A0 Generally, interest, annuities, royalties and rents received by controlli= ng organizations from controlled entities are subject to tax under sectio= n 512(b)(13). However, exempt organizations may exclude =E2=80=9Cqualifyi= ng specified payments=E2=80=9D from unrelated business income if received= or accrued before January 1, 2014.=C2=A0 Other provisions in the Taxpayer Relief Act that affect charitable organi= zations: The Pension Protection Act of 2006 contained several time-limited provisi= ons for favorable tax treatment of certain contributions. These provision= s generally expired at the end of 2007 and have been extended several tim= es for two-year periods, most recently in 2010. Some, but not all, of the= se provisions are extended by the TRA. Specifically, TRA extends the foll= owing through the end of 2013: * IRA Charity Contribution (Code Section 408(d)(8)(F), permitting a dis= tribution of up to $100,000 tax-free from an IRA to a qualifying charity = by those over 70 =C2=BD years old. As in the previous extension, taxpayer= s have the month of January 2013 to elect to make charitable distribution= s treated as effective in 2012. See related article [ http://www.irs.gov/= Retirement-Plans/Charitable-Donations-from-IRAs-for-2012-and-2013 ] and I= RS news release [ http://www.irs.gov/uac/Newsroom/Tax-Free-Transfers-to-C= harity-Renewed-For-IRA-Owners-70=C2=BD-or-Older ].=C2=A0=20 * Contribution of Conservation Easement (Code Section 170(b)(1)(E)(vi))= , permitting favorable deductions for donating conservation interests in = capital gain real property to charity=20 * Contribution of Food Inventory (Code Section 170(e)(3)(C)(iv)), permi= tting enhanced deductions for contributions of food inventories=20 * Contributions of property by S corporations (Code Section 1367(a)), l= imiting an S corporation shareholder=E2=80=99s reduction in basis of the = S corporation=E2=80=99s stock to a pro rata share of basis (rather than f= air market value) of property contributed by the corporation=20 Two provisions for enhanced charitable deductions =E2=80=93 contributions= of book inventories to public schools and corporate contributions of com= puter inventory =E2=80=93 were not extended. These were in Code Sections = 170(e)(3)(D)(iv) and 170(e)(6)(G), respectively. Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A04.=C2=A0=C2=A0*Voluntary Classification Settlement Program m= odified** _______________________________________________________________= _________ The VCSP [ http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed= /Voluntary-Classification-Settlement-Program ], recently modified, is a v= oluntary program that provides an opportunity for taxpayers to reclassify= their workers as employees for employment tax purposes for future tax pe= riods with partial relief from federal employment taxes. To participate i= n this voluntary program, the taxpayer must meet certain eligibility requ= irements and apply to participate in the VCSP by filing Form 8952, Applic= ation for Voluntary Classification Settlement Program, and enter into a c= losing agreement with the IRS. The VCSP allows eligible taxpayers to obtain relief similar to that curre= ntly available through the Classification Settlement Program [ http://www= .irs.gov/irm/part4/irm_04-023-006.html ] for taxpayers under examination.= The VCSP, originally released in Announcement 2011-64, has been modified = in Announcement 2012-45 [ http://www.irs.gov/irb/2012-51_IRB/ar16.html ].= Back to Top [ #Fifteenth ] ________________________________________________________________________ *=C2=A0=C2=A05.=C2=A0=C2=A0*2013 updated procedures** ___________________= _____________________________________________________ Review the following annual procedure updates that affect tax-exempt orga= nizations: * *Rev. Proc. 2013-4 [ http://www.irs.gov/irb/2013-01_IRB/ar09.html ]=C2= =A0*=20 Rulings and information letters; issuance procedures. Revised procedures = are provided for furnishing ruling letters, information letters, etc., on= matters related to sections of the Code currently under the jurisdiction= of the Office of the Division Commissioner, Tax Exempt and Government En= tities. Rev. Proc. 2012-4 superseded.=20 * *Rev. Proc. 2013-5 * [ http://www.irs.gov/irb/2013-01_IRB/ar10.html ]Technical advice. Revise= d procedures are provided for furnishing technical advice to area manager= s and appeals office by the Office of the Division Commissioner, Tax Exem= pt and Government Entities, regarding issues in the employee plans area (= including actuarial matters) and in the exempt organizations area. Rev. P= roc. 2012-5 superseded.=20 * *Rev. Proc. 2013-8 [ http://www.irs.gov/irb/2013-01_IRB/ar13.html ] *= User fees for employee plans and exempt organizations. Current guidance f= or complying with the user fee program of the Service as it pertains to r= equests for letter rulings, determination letters, etc., on matters under= the jurisdiction of the Office of the Division Commissioner, Tax Exempt = and Government Entities Division, is provided. Rev. Proc. 2012-8 supersed= ed.=20 * *Rev. Proc. 2013-9* [ http://www.irs.gov/irb/2013-02_IRB/ar07.html ]Determination letters an= d rulings. This document sets forth procedures for issuing determination = letters and rulings on the exempt status of organizations under sections = 501 and 521 of the Code. The procedures also apply to the revocation and = modification of determination letters or rulings, and provide guidance on= the exhaustion of administrative remedies for purposes of declaratory ju= dgment under section 7428 of the Code. Rev. Proc. 2012-9 superseded.=20 * *Rev. Proc. 2013-10* [ http://www.irs.gov/irb/2013-02_IRB/ar08.html ]This document sets forth= procedures for issuing determination letters and rulings on private foun= dation status under section 509(a) of the Code, operating foundation stat= us under section 4942(j)(3), and exempt operating foundation status under= section 4940(d)(2), of organizations exempt from Federal income tax unde= r section 501(c)(3). This revenue procedure also applies to the issuance = of determination letters on the foundation status under section 509(a)(3)= of nonexempt charitable trusts described in section 4947(a)(1). Rev. Pro= c. 2012-10 superseded.=20 Back to Top [ #Fifteenth ] =C2=A0=20 ________________________________________________________________________ *Copyright Notice* This is a work of the U.S. Government and is not subject to copyright pro= tection in the United States. IRS Exempt Organizations encourages readers= to reuse these articles in their own organization publications and websi= tes and thereby help disseminate the information beyond the scope of "EO = Update=E2=80=99s "subscribers. 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-&-Non-Profits/Subscribe-to-Exemp= t-Organization-Update ] to "EO Update". Send questions and comments about the "EO Update "to tege.eo.ceo@irs.gov.= 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_7EC_0AF3_5E8F7742.47C80CD4 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 Nonpr= ofits January 25, 2013

Useful Links:

IRS.g= ov

Charities and Nonprofits
Homepage

EO FAQs

EO Forms and Publications=

EO N= ewsletter

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:   2013-2

Inside This Issue=

  1. EO’s Annual Report and Workplan for the curr= ent fiscal year are now available
  2. IRS issues proposed regulations on shared respons= ibility provisions of the Affordable Care Act
  3. Legislative changes affecting EOs
  4. Voluntary Classification Settlement Program modif= ied
  5. 2013 updated procedures

  1.  EO’s An= nual Report and Workplan for the current fiscal year are now available=20

This year’s Workplan takes a special look at the many v= ariables that go into EO compliance projects, the resources and agent tra= ining it takes to deliver a successful project and why most projects don&= rsquo;t fit neatly into a calendar year. To help exempt organization= s better understand the compliance process, EO also is launching new<= /a> Examinations webpages on audits.

Other Workplan highlights= include reports on automatic revocation and reinstatement, spotlight art= icles on the Affordable Care Act, Determinations, governance and other to= pics, and new outreach and education activities.

Back to Top

  2.  IRS issues p= roposed regulations on shared responsibility provisions of the Affordable= Care Act=20

Starting in 2014, certain employers – including certain for-prof= it, non-profit, and government entity employers – must offer health= coverage to their full-time employees or a shared responsibility payment= may apply. On Dec. 28, 2012, the Treasury Department and the IRS issued = proposed regulations on the E= mployer Shared Responsibility provisions. Comments may be submitted elect= ronically, by mail or hand delivered to the IRS. For additional informati= on on the Employer Shared Responsibility provisions and the proposed regu= lations, see our questions = and answers.

Back to Top

  3.  Legislative c= hanges affecting EOs=20

The American Taxpayer Relief Act of 2012 extended a modification of th= e tax treatment of payments to controlling exempt organizations to Januar= y 1, 2014. The special rule previously applied only to payments received = or accrued before January 1, 2012. 

Generally, interest, annuities, royalties and rents received by contro= lling organizations from controlled entities are subject to tax under sec= tion 512(b)(13). However, exempt organizations may exclude “qualify= ing specified payments” from unrelated business income if received = or accrued before January 1, 2014. 

Other provisions in t= he Taxpayer Relief Act that affect charitable organizations:

The Pension Protection Act of 2006 contained several time-limited prov= isions for favorable tax treatment of certain contributions. These provis= ions generally expired at the end of 2007 and have been extended several = times for two-year periods, most recently in 2010. Some, but not all, of = these provisions are extended by the TRA. Specifically, TRA extends the f= ollowing through the end of 2013:

  • IRA Charity Contribution (Code Section 408(d)(8)(F), permitting a dis= tribution of up to $100,000 tax-free from an IRA to a qualifying charity = by those over 70 ½ years old. As in the previous extension, taxpay= ers have the month of January 2013 to elect to make charitable distributi= ons treated as effective in 2012. See related article and IRS news release. 
  • Contribution of Conservation Easement (Code Section 170(b)(1)(E)(vi))= , permitting favorable deductions for donating conservation interests in = capital gain real property to charity
  • Contribution of Food Inventory (Code Section 170(e)(3)(C)(iv)), permi= tting enhanced deductions for contributions of food inventories
  • Contributions of property by S corporations (Code Section 1367(a)), l= imiting an S corporation shareholder’s reduction in basis of the S = corporation’s stock to a pro rata share of basis (rather than fair = market value) of property contributed by the corporation

Two provisions for enhanced charitable deductions – contribution= s of book inventories to public schools and corporate contributions of co= mputer inventory – were not extended. These were in Code Sections 1= 70(e)(3)(D)(iv) and 170(e)(6)(G), respectively.

Back to Top

  4.  Voluntary Cl= assification Settlement Program modified=20

The VCSP, recently modified, is a volu= ntary program that provides an opportunity for taxpayers to reclassify th= eir workers as employees for employment tax purposes for future tax perio= ds with partial relief from federal employment taxes. To participate in t= his voluntary program, the taxpayer must meet certain eligibility require= ments and apply to participate in the VCSP by filing Form 8952, Applicati= on for Voluntary Classification Settlement Program, and enter into a clos= ing agreement with the IRS.

The VCSP allows eligible taxpayers= to obtain relief similar to that currently available through the Classification Settlement Program for= taxpayers under examination.

The VCSP, originally released in= Announcement 2011-64, has been modified in Announcement 2012-45.

Back to Top

  5.  2013 updated = procedures=20

Review the following annual procedure updates that affect tax-exempt o= rganizations:

  • Rev. Proc. 2013-4 = ;
    Rulings and information letters; issuance procedures. Re= vised procedures are provided for furnishing ruling letters, information = letters, etc., on matters related to sections of the Code currently under= the jurisdiction of the Office of the Division Commissioner, Tax Exempt = and Government Entities. Rev. Proc. 2012-4 superseded.
  • Rev. Proc. 2013-5
    Technical advice. Revised procedures are provided for furnishi= ng technical advice to area managers and appeals office by the Office of = the Division Commissioner, Tax Exempt and Government Entities, regarding = issues in the employee plans area (including actuarial matters) and in th= e exempt organizations area. Rev. Proc. 2012-5 superseded.
  • Rev. Proc. 2013-8
    User fees for employee plans and exempt organizations. Current= guidance for complying with the user fee program of the Service as it pe= rtains to requests for letter rulings, determination letters, etc., on ma= tters under the jurisdiction of the Office of the Division Commissioner, = Tax Exempt and Government Entities Division, is provided. Rev. Proc. 2012= -8 superseded.
  • Rev. Proc. 2013-9=
    Determination letters and rulings. This document sets forth pro= cedures for issuing determination letters and rulings on the exempt statu= s of organizations under sections 501 and 521 of the Code. The procedures= also apply to the revocation and modification of determination letters o= r rulings, and provide guidance on the exhaustion of administrative remed= ies for purposes of declaratory judgment under section 7428 of the Code. = Rev. Proc. 2012-9 superseded.
  • Rev. Proc. 2013-10
    This document sets forth procedures for issuing determination = letters and rulings on private foundation status under section 509(a) of = the Code, operating foundation status under section 4942(j)(3), and exemp= t operating foundation status under section 4940(d)(2), of organizations = exempt from Federal income tax under section 501(c)(3). This revenue proc= edure also applies to the issuance of determination letters on the founda= tion status under section 509(a)(3) of nonexempt charitable trusts descri= bed in section 4947(a)(1). Rev. Proc. 2012-10 superseded.

Back to Top

 

Copyright Notice
This is a work of the U.S. Gove= rnment and is not subject to copyright protection in the United States. I= RS Exempt Organizations encourages readers to reuse these articles in the= ir own organization publications and websites and thereby help disseminat= e the information beyond the scope of EO Update’s subscrib= ers.

If you have a technical or procedural question relating to Exempt Orga= nizations, visit the Charities and Nonprofits homepage on the IRS.gov Web s= ite.

If you have a specific question about exempt organizations, call EO Customer Account Services at 1-877-829-5500.

Subscribe to EO Update.

Send questions and= comments about the EO Update to tege.eo.ceo@irs.gov.

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 Pag= e. You will need to use your email address to log in. If you have que= stions or problems with the subscription service, please contact support@govdelivery.com.

This service is provided to you at no ch= arge by the Internal 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
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