AFSCME 41 st INTERNATIONAL CONVENTION CHICAGO, ILLINOIS AUDITING DEPARTMENT PRESENTS IRS 990 FILING REQUIREMENTS JULY 14, 2014

TODAY’S HOST

Laura Reyes, Secretary-Treasurer, AFSCME International

Additional Hosts

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Charles Jurgonis, Director, Financial Services

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Jeff Taggart, Associate Director, Auditing & Accounting

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Karen Tyler, Assistant Director, Auditing

PRESENTERS

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Cathy German



William Del Pino AFSCME AUDITORS

PRESENTERS CONTACT INFORMATION

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Cathy German [email protected]

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William Del Pino [email protected]

IRS 990 Filing Requirements

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Receipts are $200,000 or More or

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Total Assets at Year End are $500,000 or More

IRS 990-EZ Filing Requirements

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Receipts are Less Than $200,000 and

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Total Assets at Year End are Less Than $500,000

IRS 990-N Filing Requirements

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Receipts Average $50,000 or Less During the Past 3 Years

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IRS 990-N is an online filing made at http://epostcard.form990.org

IRS 990 Due Dates

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IRS Form 990, 990-EZ and 990-N are due May 15 th or 4 ½ Months after end of Fiscal Year

IRS 990 Mailing Instructions

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Make Sure Form is Signed Dated Before Mailed & Send 990 & 990-EZ “Certified Mail - Return Receipt Requested” Retain a Signed & Dated Copy

IRS 990 Mailing Address

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All IRS Form 990 & 990-EZ Forms should be mailed to: Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0027

IRS 990 Late Filing Penalties

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$20 Per Day Return is Late for Each Day the

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Maximum Penalty $10,000 or 5 % of Gross Receipts

IRS 990 Extension

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IRS Form 8868 Can Be Filed to Request an Automatic 3 Month Extension

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An Additional 3 Month Extension can also be requested with explanation provided

IRS 990 Failure to File

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Failure to File IRS 990, 990-EZ or 990-N for 3 Consecutive Years Will Result in the Loss of your Union’s Tax Exempt Status

Check Your IRS Form 990-N Filing Status

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Go to the following website: http://www.irs.gov/charities/ article/0,,id=249767,00.html

Check Your IRS Form 990-N Filing Status

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Click on the Box in the Middle of the Page Exempt Organizations Select Check Tool

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Check Your IRS Form 990-N Filing Status Click On: Were Automatically Revoked (Choice # 2) or

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Have Filed Form 990-N (e-Postcard) (Choice # 3)

Check Your IRS Form 990-N Filing Status

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After Making Your Choice Fill in Your Affiliate’s EIN Number

Check Your IRS Form 990-N Filing Status

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Choice # 2: If your Exempt Status Has Been Revoked, It Will Give the Revocation Date

Check Your IRS Form 990-N Filing Status

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Choice # 3: If Your Affiliate has Filed a 990-N, it Will List the Years that have Been Filed

Check Your IRS Form 990 or 990-EZ Filing Status Go to the Following Website:

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http://www.guidestar.org

Create an Account Enter Email Address & Password

Check Your IRS Form 990 or 990-EZ Filing Status

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For Future Visits to Guide Star, Just Sign In with Email & Password

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Enter EIN Number of Affiliate to View IRS Form 990 or 990-EZ

Reinstatement Process

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If your Exempt Status has been Revoked, you must File Form 1024 to Apply for Reinstatement

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Write “Automatically Revoked” on top of Form 1024 & on Envelope

Reinstatement Process

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File Form 8718 along with Form 1024 which Determines Fee to be Paid

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Fee is $400 if Annual Gross Receipts Average $10,000 or Less over the last 4 Years Otherwise, Fee is $850

Reinstatement Process

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If your Exempt Status has been Revoked, you must File Form 1120 (US Corporation Income Tax Return) Until your Reinstatement is Granted

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Net Income Will Be Taxed at 15 % - 35 %

Streamlined Retroactive Reinstatement Process

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If you Submit Form 1024 & Form 8718 No Later Than 15 Months after Revocation Posting Date , you can be Reinstated Retroactively and will not be Required to File an Income Tax Return.

Questions on 990 Filings?

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Please Contact AFSCME Auditing Department at: (202) 429-5032