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New Online Search Tool Makes It Easier to Find Information About Exempt Organizations - Emil Estafanous, CPA : Emil Estafanous, CPA

New Online Search Tool Makes It Easier to Find Information About Exempt Organizations

On Mar 15, a IRS announced that taxpayers can find information about tax-exempt organizations in a new online hunt apparatus called Exempt Organizations Select Check (IR-2012-34).

The information that is searchable online includes possibly a organization:

  • Is authorised to accept tax-deductible contributions.
  • Had a taxation grant automatically revoked for unwell to record a compulsory Form 990, Return of Organization Exempt From Income Tax, for 3 uninterrupted years.
  • Filed a Form 990-N, Annual Electronic Filing Requirement for Small Exempt Organizations, also called an e-Postcard.

This new search tool replaces a online Auto-Revocation List, a online chronicle of Publication 78, Cumulative List of Organizations Exempt From Tax, and a e-Postcard database.

Taxpayers who wish to minister to tax-exempt organizations can rest on a free standing posted possibly on Select Check or a associated online publication, Statistics of Income Tax Stats—Exempt Organizations Business Master File Extract, unless they have specific believe that an classification is not exempt. These dual resources are updated monthly, though a IRS does not pledge any refurbish will start on a same day (EO Update for Charities and Nonprofits, Issue No. 2012-6 (March 14, 2012)).

As acquire as a news of being means to rest on this electronic hunt engine to check an organization’s standing is, it is not though controversy. Once an classification is placed on a auto-revocation list (which occurs for a comparatively soft disaster to record Form 990 for 3 uninterrupted years), a classification is henceforth on a list. The IRS says that since a auto-revocation list is an “official IRS record of organizations that have mislaid their free status,” it will not mislay organizations from list, “even if they subsequently reapply for grant and are reinstated” (EO Update for Charities and Nonprofits, Issue No. 2012-6 (March 14, 2012)).

The IRS reports that it has perceived inquiries from organizations that have had their free standing reinstated, though whose names still seem on a auto-revocation list. The IRS says that, while it will not mislay organizations from a list only since their free standing has been reinstated, it will mislay organizations from a list if they can yield “documentation to uncover that [the organization] is listed erroneously, possibly since a classification filed or had an IRS integrity of no filing requirement” (EO Update for Charities and Nonprofits, Issue No. 2012-6 (March 14, 2012)).

However, a IRS in Exempt Organizations Select Check Frequently Asked Question 7 responds to an organization’s doubt about a new reinstatement after auto-revocation by observant that Select Check will be updated monthly so that a IRS will be means to yield some-more present information on a organization’s status, that suggests that, once organizations are reinstated, Select Check will simulate that.

Searching for an classification whose standing has been revoked leads to a cautionary summary that an organization’s coming on a list does “not indispensably [reflect] a stream tax-exempt or non-exempt status.” Taxpayers are given a toll-free series to call to check possibly an classification is famous as tax-exempt.

About Emil Estafanous, CPA
Certified Public Accountant (CPA) Tax Professional committed in representing taxpayers and resolving their tax problems.

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