KPMG report: Notification requirements for social welfare organizations

Requirements for social welfare organizations

New rules require section 501(c)(4) social welfare organizations to notify the IRS of their existence on or before September 6, 2016, unless the organizations:

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  • Applied for recognition of tax-exempt status on Form 1024, Application for Recognition of Exemption under Section 501(a) or 
  • Submitted at least one Form 990-series return or notice on or before July 8, 2016

Organizations formed after that date have 60 days from the date of formation to provide notice. The new notification requirements thus have materially changed the compliance procedures for social welfare organizations.

 

Read a September 2016 report [PDF 58 KB] prepared by KPMG LLP: What’s News in Tax: Raising the Curtain: Notification Requirements for Social Welfare Organizations

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