IRS Form 990 Filing and Restoring Non-Profit Status February 16, - - PowerPoint PPT Presentation

IRS Form 990 Filing and Restoring Non-Profit Status

February 16, 2019 John Rafine

Filing Requirements

• All lodges, chapters, councils, commanderies, and collateral bodies

with less than $50,000 gross receipts

• Annual filings are required by the 15th day of the fifth month (next

business day if the day falls on a weekend or or legal holiday) after the close of your tax year

• Must register at IRS.gov before you can file your 990-N

Required Information to File

• Your organization’s EIN, a.k.a. TIN
• The tax year for the report
• Legal name and mailing address
• Any other names the organization uses
• Name and address of a principal officer (president, vice president,

secretary or treasurer)

• Web site address if the organization has one
• Confirmation that the organization’s annual gross receipts are $50,000
• r less
• If applicable, a statement that the organization has terminated or is

terminating

What’s our …?

• TIN - Have a principal officer call IRS at (800) 829-4933 and request a

letter confirming your TIN

• Legal name – Call the IRS Tax Exempt and Government Entities

Customer Account Services at (877) 829-5500

• Other names – DBA names (Doing-Business-As)
• Mailing address –if changed since the last 990-N filing, enter the new

mailing address

Ready to File?

• Go to sa.www4.irs.gov and select Sign Up or Log in

IRS Form 990-N Electronic Filing System User Guide

• https://www.irs.gov/pub/irs-pdf/p5248.pdf

IRS Non-Profit Status Restoration

• Non-Profit status is lost if an organization fails to file a 990-N, 990EZ,
• r 990 for three consecutive years
• Need IRS Form 1024 current revision January 2018, “Application for

Recognition of Exemption under Section 501 (a)” (fillable pdf available

• n IRS website)
• Need IRS Form 1024 instructions, “Instructions for Form 1024”
• Both are available at https://www.irs.gov/forms-pubs/about-form-

1024

• Need IRS Form 8718, “User Fee for Exempt Organization

Determination Letter” Current revision March 2018)

I received my determination letter. Finished ! NOT YET !

State Application

• To be completed after receipt of IRS Determination Letter
• Submit the following:
• Request for exemption from MD income tax
• An explanation of the nature, purpose, and scope of your Organization
• A copy of the IRS tax Determination Letter
• A copy of your organization’s By-Laws and
• A copy of the latest financial statement of your organization
• Organizations soliciting charitable contributions in MD are generally required

to register with the Office of the Secretary of State as a charitable

• rganization
• Go to https://sos.maryland.gov/charity/pages/non-profit-organization.aspx

NON-PROFIT STATUS RESTORATION

• IRS Non-Profit status is lost if an organization fails to file a 990-N,
• 990-EZ or 990 for three consecutive years
• How much is the user fee?
• Currently, $600 for all filers
• Group exemption $2,000

• Form 1024, 8718, and $600 check payable to United States Treasury
• Completed IRS Form 1024, current revision January 2018, “

Application for Recognition of Exemption under Section 501 (a)”, fillable pdf available on IRS website

• Need IRS form 1024 instructions, instructions for Form 1024”
• Both are available at https://www.irs.gov/forms-pubs/about-form-

1024

• Need IRS form 8718, “User Fee for Exempt Organization

Determination Letter”, current revision March 2018”

• Conformed copy of the corresponding organizing documents

namely, Charter and By-Laws What do I need to submit ?

• Statement of Revenue and expenses for current year (Within 60 days
• f application filing date) and 3 prior tax years
• A check for $600 payable to “United States Treasury”
• A certificate signed by the secretary of the parent organization,

under the seal of the organization, certifying that the subordinate lodge is a duly constituted body operating under the jurisdiction of the parent body (For Section 501(c)(8) or 501(c)(10)).

• Remember to read the checklist at the end of Form 1024 and read

all instructions on the form and instructions carefully

QUESTIONS