Free Site Registration


IRS Lets People Check on Tax-Exempt Organizations

Print
Email
Reprints
Washington, D.C. (March 14, 2012)

By Michael Cohn, Accounting Today

The Internal Revenue Service has introduced an online search tool that will allow the public to easily check on information about tax-exempt organizations, such as charities and other nonprofits.

The new online search tool, dubbed Exempt Organizations Select Check, will help users more easily find key information about tax-exempt organizations, such as their federal tax status and filings.

In some ways, the new search tool unites previously available information that had to be found in separate areas of the IRS’s Web site. Users can visit a single location on IRS.gov, select a tax-exempt organization, and check whether the organization is eligible to receive tax-deductible charitable contributions (Publication 78 data, which is incorporated here). Users can also consult the tool to determine the deductibility of contributions, just as they did when Publication 78 was a separate electronic publication rather than part of Select Check.

In addition, users can check whether an organization has had its federal tax exemption automatically revoked under the law for not filing a Form 990-series return or a notice for three consecutive years, known as the Auto-Revocation List.

Users of the tool can also find out whether an organization has filed a Form 990-N (e-Postcard) annual electronic notice. Most small organizations whose annual gross receipts are normally $50,000 or less are required to electronically submit Form 990-N, unless they choose instead to file a completed Form 990 or Form 990-EZ.

EO Select Check also offers improved search functions. For example, users can now check for organizations that are eligible to receive deductible contributions by Employer Identification Number, or EIN, which was previously not a searchable or sortable field in the electronic version of Publication 78. Information about organizations that are eligible to receive deductible contributions is now updated monthly, rather than quarterly.

In addition, organizations that have automatically lost their tax exemptions can now be searched by EIN, name, city, state, zip code, country, exemption type, and revocation posting date, rather than only by state.

EO Select Check also provides pop-up help text to help users understand the significance of auto-revocation search results, including the meaning of, and distinctions between, revocation dates and revocation posting dates. Also available are search tips that provide suggestions on how to use the search application.

While the IRS tool provides information on tax-exempt status, there are also other sites that provide information about the reputations of charities and other nonprofit organizations. They include GuideStar, Charity Navigator and the Better Business Bureau.

Prior to the introduction of EO Select Check, the electronic Publication 78 and Exempt Organiztions Business Master Files Extract, or EO BMF, were updated on different schedules, causing some confusion. Now both the Select Check Pub 78 Data and EO BMF are updated monthly, but not necessarily on the same day, the IRS noted. To assist in searches, the IRS is now publishing the date that the data was posted to each of the three applications on EO Select Check, as well as on EO BMF.

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Accounting Today, please use the form below to login. When completed you will immeditely be directed to post a comment.

 

Follow Accounting Today
Advertisement
Advertisement

What's the Biggest Opportunity for Accountants Today?

May 24, 2013

Guests at the Meet the Editors dinner at Keens Steakhouse in New York give their assessments of the many opportunities available to accountants for growing their practices.

What's the Biggest Threat or Challenge Facing Accountants?

May 22, 2013

Attendees at Accounting Today's Meet the Editors Dinner at Keens Steakhouse in New York discuss the top issues confronting accountants.

Women in Accounting: Breaking the Mold

May 21, 2013

A continued conversation with Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh about the obstacles women in the accounting profession face when trying to make their way into leadership positions.

Advertisement

SLIDE SHOW

Tax Season by the Numbers

May 22, 2013

The IRS recently released statistics covering the year to May 10, 2013.

Top 10 Tech Initiatives -- 2013

May 5, 2013

The AICPA's annual list of IT priorities for accounting firms.

Tax Stats: May 2013

April 30, 2013

Our monthly collection of statistics from the world of tax.

10 Biggest Estate Planning Mistakes

April 29, 2013

Help your clients avoid these common pitfalls.

Common E-mail Security Mistakes

April 23, 2013

These five bad habits can make your confidential information -- and that of your clients -- easy to steal.

Advertisement
Advertisement
Advertisement