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IRS online tool, expanded access to exempt organization information

IRS new online tool; exempt organization information

The IRS today issued a release announcing the introduction of “Tax Exempt Organization Search” (TEOS)—a new online tool that replaces EO Select Check, which had been available since 2012.

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According to the IRS release—IR-2018-116 (May 7, 2018)—TEOS is designed to provide faster, easier access to publicly available information about exempt organizations.

TEOS can be used to find all the information previously available on EO Select Check, including whether an organization is eligible to receive tax-deductible contributions; has had its tax-exempt status automatically revoked for failure to file required forms or notices for three consecutive years; and for a “small organization,” whether it filed a Form 990-N (e-Postcard) annual electronic notice with the IRS.

In addition, TEOS users will be able to view images of:

  • Forms 990, 990-EZ, 990-PF, and 990-T (section 501(c)(3) organizations only) filed with the IRS. Initially, only Form 990-series forms filed in January and February 2018 will be available. New filings will be added monthly.
  • Favorable determination letters issued by the IRS when an organization applied for and met the requirements for tax-exempt status. Initially, a limited number of determination letters will be available. Eventually, determination letters issued since January 2014 will also appear on the system.

Other TEOS enhancements include a simplified search process that allows users to search across multiple data files and a “mobile friendly” platform.

 

For more information, contact a tax professional with KPMG’s Washington National Tax practice:

Alexandra Mitchell | +1 202 533 6078 | aomitchell@kpmg.com

Preston Quesenberry | +1 202 533 3985 | pquesenberry@kpmg.com 

Randall Thomas | +1 202 533 3786 | randallthomas@kpmg.com

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