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AFSCME 41st 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
Charles Jurgonis, Director, Financial Services
Jeff Taggart, Associate Director, Auditing & Accounting
Karen Tyler, Assistant Director, Auditing
Cathy German
William Del Pino
AFSCME AUDITORS
PRESENTERS
Receipts are $200,000 or More or
Total Assets at Year End are $500,000 or More
IRS 990 Filing Requirements
Receipts are Less Than $200,000 and
Total Assets at Year End are Less Than $500,000
IRS 990-EZ Filing Requirements
Receipts Average $50,000 or Less During the Past 3 Years
IRS 990-N is an online filing made at http://epostcard.form990.org
IRS 990-N Filing Requirements
IRS Form 990, 990-EZ and 990-N are due May 15th or 4 ½ Months after end of Fiscal Year
IRS 990 Due Dates
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 Instructions
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 Mailing Address
$20 Per Day for Each Day the Return is Late
Maximum Penalty - $10,000 or 5 % of Gross Receipts
IRS 990 Late Filing Penalties
IRS Form 8868 Can Be Filed to Request an Automatic 3 Month Extension
An Additional 3 Month Extension can also be requested with explanation provided
IRS 990 Extension
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
IRS 990 Failure to File
Go to the following website:
http://www.irs.gov/charities/ article/0,,id=249767,00.html
Check Your IRS Form 990-N Filing Status
Click on the Box in the Middle of the Page
Check Your IRS Form 990-N Filing Status
Exempt Organizations Select Check Tool
Click On:
Were Automatically Revoked (Choice # 2) or
Have Filed Form 990-N (e-Postcard) (Choice # 3)
Check Your IRS Form 990-N Filing Status
After Making Your Choice Fill in Your Affiliate’s EIN Number
Check Your IRS Form 990-N Filing Status
Choice # 2: If your Exempt Status Has Been Revoked, It Will Give the Revocation Date
Check Your IRS Form 990-N Filing Status
Choice # 3: If Your Affiliate has Filed a 990-N, it Will List the Years that have Been Filed
Check Your IRS Form 990-N Filing Status
Go to the Following Website:
http://www.guidestar.org
Create an Account
Enter Email Address & Password
Check Your IRS Form 990 or 990-EZ Filing Status
For Future Visits to Guide Star, Just Sign In with Email & Password
Enter EIN Number of Affiliate to View IRS Form 990 or 990-EZ
Check Your IRS Form 990 or 990-EZ Filing Status
If your Exempt Status has been Revoked, you must File Form 1024 to Apply for Reinstatement
Write “Automatically Revoked” on top of Form 1024 & on Envelope
Reinstatement Process
File Form 8718 along with Form 1024 which Determines Fee to be Paid
Fee is $400 if Annual Gross Receipts Average $10,000 or Less over the last 4 Years - Otherwise, Fee is $850
Reinstatement Process
If your Exempt Status has been Revoked, you must File Form 1120 (US Corporation Income Tax Return) Until your Reinstatement is Granted
Net Income Will Be Taxed at 15 % - 35 %
Reinstatement Process
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.
Streamlined Retroactive Reinstatement Process
Questions on 990 Filings?
Please Contact AFSCME Auditing Department at:
(202) 429-5032
