Welcome to Secretary-Treasurer Training!
|
|
- Thomas McDaniel
- 8 years ago
- Views:
Transcription
1 2.0 Welcome to Secretary-Treasurer Training! You have been elected/appointed to a position of trust. Your instructor, will provide you with information relating to federal laws, constitutional responsibilities, and suggestions for building a stronger local/state union. If you have any questions at the conclusion of this presentation, please do not hesitate to contact me, or your instructor, Roosevelt Stewart. Yours In Union Solidarity, Elizabeth Powell
2 Local Union Tax-Exempt/ Non Profit Status APWU Secretary-Treasurer Training Cliff Guffey, President Elizabeth Powell, Secretary-Treasurer
3 Webinars Fiduciary Responsibilities of Union Officers New Officers Training & Responsibilities LM Reporting Travel & Expenses Local Elections (Officers, committee members) DOL & IRS Requirements and Audits Recording Secretary Duties COPA Funds Trustee Training Renting vs. Owning Budgeting Tax-Exempt Status
4 What Is a "Labor Organization? An association of workers Who have combined to protect or promote the interests of the members By bargaining collectively with their employers To secure better working conditions, wages, and similar benefits. The term embraces labor unions, councils, and committees.
5 What is a Non-Profit? A nonprofit differs from a for-profit organization in that it does not benefit the private interests of any individual or organization. A nonprofit organization must serve the public good. Profits are not paid to individuals but channeled back into the organization's activities. However, you can pay reasonable salaries to staff and officers.
6 Non-profit Status APWU locals are a 501c(5) organization. The group tax exempt # is A copy of the national tax-exempt letter is available upon request
7 What is the difference between nonprofit and tax-exempt status? Non-profit status is a state law concept. Nonprofit status may make an organization eligible for certain benefits, such as state sales, property, and income tax exemptions.
8 What is the difference between nonprofit and tax-exempt status? Although most federal tax-exempt organizations are non-profit organizations to qualify as exempt from federal income taxes, an organization must meet requirements set forth in the Internal Revenue Code.
9 Types of Tax-Exempt Labor Organizations Local Unions State Organizations National Union Accident Benefit Association
10 Types of Tax-Exempt Labor Organizations Retiree Chapters An organization composed of retired employees can qualify for exemption as a labor organization under IRC 501(c)(5) where it acts to secure and maintain retirement benefits for its members.
11 Taxes IRC 501(c)(5) provides for the exemption from federal income tax of labor, agricultural, or horticultural organizations. We must pay sales tax for purchases and payroll taxes for our employees. We don t have to pay taxes on the interest we earn on our investments unless money borrowed to finance the investment.
12 WHO IS AN EMPLOYEE? Generally, a worker who performs services for the you is an employee if the you have the right to control what will be done and how it will be done. This is so even when you give the employee freedom of action. What matters is that you have the right to control the details of how the services are performed.
13 WHO IS AN EMPLOYEE? Employee Officer Steward Member Office staff Not an Employee Attorney Accountant Contract custodian Consultant Contractor
14 LOCAL PAYROLL REQUIREMENTS I-9 Employment Eligibility Verification W-4 Employee Withholding Allowance Certificate Properly approved pay voucher Constitutional language which clearly spells out officer and steward compensation
15 PAYROLL TAXES Employee federal income taxes Employee social security and Medicare taxes Employee state and local taxes Employer social security and Medicare taxes
16 IRS Reporting All local union must file the IRS Form 990, 990- EZ, or 990-N annually. All these forms must be filed every year by the 15th day of the 5th month after the close of the local s fiscal year.
17 990 Reporting Local unions must file a Form 990 return by the 15th day of the fifth month after the organization's fiscal year ends. Locals with less than $50,000 in gross receipts for the fiscal year have to file an electronic postcard over the internet. The IRS allows 501(c)(5) organizations to receive a three-month filing extension by filing Form 8868
18 990-N e Postcard $0- $49,999 annual receipts/$0-$199,999 total assets File form 990-N (this is filed electronicallythere is no paper form. Even if you have no annual receipts, this form must be filed to retain your local non-profit status. (no IRS penalty for late filing)
19 Form 990-EZ $50,000 $199,999 annual receipts/$200,000-$499,999 File form 990-EZ (IRS penalty for late filing)
20 Form 990 More than $200,000 annual receipts/more than $500,000 File form 990 (IRS penalty for late filing) These new regulations will require fewer mid to small sized locals to file the 990-EZ and more mid size locals will have to now file the much more detailed 990 tax form. Local union officers who are filing a 990 for the first time are urged to seek professional help to file the 990 form.
21 Why Was the Local Tax-Exempt Status Revoked? In most cases, the local failed to file the required annual electronic notice (Form 990-N e-postcard) for three consecutive tax year beginning in 2007, 2008 and Prior to 2007, local unions with total receipts of less than $25,000 were not required to file any report to the IRS.
22 Can the Local s Tax-Exempt Status Revoked for Any Other Reason? Yes. If a local makes substantial unrelated business income, it could jeopardize the local s tax-exempt status. If you have any questions about excessive unrelated business income consult your accountant or call the national office.
23 Unrelated Business Income If your organization earns more than $1000 during the year, it must file IRS form 990-T, Exempt Organization Business Income Tax Return. Too much UBI can threaten your taxexempt status. You could be in trouble if UBI takes up more time and attention than your mission. The IRS provides an excellent online tutorial on UBI that goes into the intricacies of this kind of income.
24 Unrelated Business Income The area of UBI is complex but basically it means that your union may not receive income from a regularly-carried-on trade or business that is not related to your mission. If you generate funds from a business activity but it is not regular, you will probably not have to pay taxes on that income but it won't jeopardize your tax-exempt status. An example would be selling merchandise once a year at a fair.
25 Local Employer Identification Number Every Local must have a EIN number from the IRS to report employment taxes and to issue tax statements. The EIN is a 9-digit number the IRS issues. The national union has a listing of all the EIN numbers for APWU locals. If your local has no number, this office will assist you in applying for one.
26 Who Qualifies for Special Reinstatement of Tax Exempt Status To qualify for reinstatement the total local receipts for the tax years cannot exceed: $50,000 in 2011 $50,00 in 2010 $25,000 in 2009 $25,000 in 2008 $25,000 in 2007 $25,000 in 2006
27 Applying for Reinstatement The following forms will be provided by this office upon request: Form 1024 Application for Reinstatement Form 8718 User Fee Form Procedural Checklist
28 Applying for Reinstatement Local unions must include a copy of their local constitution with form All filers must include a copy of the organization's financial statements when resubmitting as an 501(c)(5) to the IRS. Filers can submit their completed 501(c)(5) application to the Internal Revenue Service, P.O. Box 12192, Covington, KY
29 Application for Reinstatement The application for reinstatement of taxexempt status must be postmarked no later than December 31, The fee for reinstatement is $100 which must accompany the application. Reinstated 990-N locals will have their taxexempt status restored retroactive to the date it was revoked. (990-EZ & 990 have different procedures)
30 Application for Reinstatement A local union submitting an application for reinstatement must write Notice on the top of the form 1024 and on the envelope used to mail the form.
31 Application for Reinstatement (This statement must be attached to 1024 form) [Name of Organization] was not required to file annual information returns for taxable years beginning before 2007; was eligible in each of its taxable years beginning in 2007,2008 and 2009 to file a Form 990-N e-postcard; and had annual gross receipts of normally not more than $25,000 in each of its taxable years beginning in 2007, 2008 and 2009.
32 End of presentation Elizabeth Powell, our Secretary-Treasurer would like to thank you for participating in this presentation. Your feedback is very important to us because it will help us improve our training. Please feel free to comment, both negative and positive, about this program. Please feel free to your comments to If you would like a copy of this presentation, please send an request to dsutton@apwu.org or mail a copy of your request to Delores Sutton in the Secretary-Treasurer s Department.
INSTRUCTIONS FOR FILING THE 990-N e-postcard
INSTRUCTIONS FOR FILING THE 990-N e-postcard HAS YOUR LEAGUE/MAL UNIT FILED ITS FORM 990-N YET? (If you are a MAL Unit and have applied for an EIN # and you applied for it as a non-profit you will need
More informationForm 1023-EZ Streamlined Application for Reinstatement of Tax-Exempt Status For Organizations within 15 months of Revocation
Form 1023-EZ Streamlined Application for Reinstatement of Tax-Exempt Status For Organizations within 15 months of Revocation Dear PTA Leader: The IRS has released their new Form 1023-EZ to facilitate the
More informationTreasurer s s Tax Training Workshop. 2009 National Convention Tuesday, August 18 2:00-3:00 pm
Treasurer s s Tax Training Workshop 2009 National Convention Tuesday, August 18 2:00-3:00 pm New e-file e Requirements In August 2006, President Bush signed into law the Pension Protection Act of 2006
More informationFederal requirements: annual information return
Thursday, October 01, 2009 Annual filing requirements for California nonprofit organizations Failure to file may lead to fines, suspension, forfeiture of corporate status, or even loss of exemption. By:
More informationForm 990-N and 990-EZ Filing Tips
Form 990-N and 990-EZ Filing Tips Today s Speakers 2 Joe Kroll Rich Crom Presentation objectives Provide tips to help you save time in preparing the forms Explain steps to avoid penalties Discuss automatic
More informationIRS FORM 990. Removing the Smoke and Mirrors. Demystifying the 990. Kristy L. Spires, CPA, CAE, CGMA, IOM
IRS FORM 990 Removing the Smoke and Mirrors Kristy L. Spires, CPA, CAE, CGMA, IOM Demystifying the 990 COMPETENCY: BUSINESS Competency Level: Level 3: Agenda Driving Themes presentation is designed to
More informationInstructions for Form 990-N and 990-EZ. For Additional Information Contact 990help@pta.org
Instructions for Form 990-N and 990-EZ For Additional Information Contact 990help@pta.org Table of Contents Frequently Asked Questions... 2 E-Postcard 990 N... 4 Required Information... 4 Form 990-N: Step
More informationIntroduction to Tax-Exempt Status
State of California Franchise Tax Board Introduction to Tax-Exempt Status Some organizations that may apply for exemption status Business Leagues Cemeteries Chambers of Commerce Charitable Organizations
More informationVeterans Organizations: Help from the IRS on Key Issues. Cheryl Teser & Peter Lorenzetti Exempt Organizations
Veterans Organizations: Help from the IRS on Key Issues Cheryl Teser & Peter Lorenzetti Exempt Organizations Today s Speakers Cheryl Teser EO Fed/State Liaison Peter Lorenzetti Northeast Area Manager 2
More informationIncome Tax Issues Affecting Small Nonprofit Organizations
Income Tax Issues Affecting Small Nonprofit Organizations A free resource provided by the Virginia Society of Certified Public Accountants 2 Income Tax Issues Affecting Small Nonprofit Organizations A
More informationThe Things You Gotta' Do to Start a Nonprofit Organization
The Things You Gotta' Do to Start a Nonprofit Organization Introduction Many people who think about starting a nonprofit are unaware that they will be starting a small business with all the needs that
More informationFailure to file this e- Postcard for three consecutive years will result in loss of federal tax exemption.
Nonprofit Legal Self-Assessment Checklist A guide for helping nonprofits to understand common legal obligations and to highlight areas where greater inquiry should be made You sit on the board, or are
More informationMODEL EXECUTIVE COMPENSATION POLICY FOR A CALIFORNIA PUBLIC BENEFIT NONPROFIT CORPORATION
About This Form: The Justice & Diversity Center s Community Organization Representation Project has designed the attached Executive Compensation Policy for a California Nonprofit Public Benefit Corporation.
More informationForm 990 and Tax Update Olivia A. Hutton, CPA
Form 990 and Tax Update Olivia A. Hutton, CPA Certified Public Accountants and Consultants Connecting depth and insight with community values. Your 990 should prove that you are: Organized and operated
More informationCompliance Guide for 501(c)(3) Public Charities
Internal Revenue Service Tax Exempt and Government Entities Exempt Organizations Compliance Guide for 501(c)(3) Public Charities Covers: Activities that may jeopardize a charity's exempt status Federal
More informationPRIVATE FOUNDATION CAUTION: The purposes of this memorandum are to assist you, the directors of your private foundation, and your accountant in:
CHERRY CREEK CORPORATE CENTER 4500 CHERRY CREEK DRIVE SOUTH #600 DENVER, CO 80246-1500 303.322.8943 WWW.WADEASH.COM DISCLAIMER Material presented on the Wade Ash Woods Hill & Farley, P.C., website is intended
More information1. The organization mission or most significant activities that you wish to highlight this year:
Form 990 Questionnaire For All Organizations Core Form Heading & Pt I Summary 1. The organization mission or most significant activities that you wish to highlight this year: 2. Total number of volunteers
More informationUBS Financial Services Inc. SIMPLE IRA Summary Description
UBS Financial Services Inc. SIMPLE IRA Summary Description Your employer has adopted a SIMPLE IRA Plan (SIMPLE IRA Plan) to provide you with a tax-deferred means to accumulate savings for retirement through
More informationSummary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148)
Summary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148) Chris L. Peterson Hinda Chaikind April 20, 2010 Congressional Research Service CRS Report for Congress Prepared for Members
More informationDisability Retirement Benefits
Contact Us Disability Retirement Benefits PO Box 268 Jefferson City, MO 65102-0268 3210 W. Truman Blvd. Jefferson City, MO 65109 (573) 634-5290 or toll free (800) 392-6848 Email: psrspeers@psrspeers.org
More informationNote: Page 1 of 6 Instructions for Form CHAR500 (rev. 2010)
New York State Department of Law (Office of the Attorney General) Charities Bureau - Registration Section Instructions for Form CHAR500 Annual Filing for Charitable Organizations www.charitiesnys.com Contents:
More informationPresents: The Solo 401(k) Plan The Ultimate Retirement Solution for the Self Employed January 2012
Presents: The Solo 401(k) Plan The Ultimate Retirement Solution for the Self Employed January 2012 Disclaimer: The information provided in this presentation/document is not legal advice, but general information
More informationReturn of Organization Exempt From Income Tax
Form 990 Return of Organization Exempt From Income Tax OMB No. 1545-0047 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2010 benefit trust or private foundation)
More informationStarting a Nonprofit in Central Texas: A Resource Guide
Starting a Nonprofit in Central Texas: A Resource Guide Start up Questionnaire The Nonprofit Sector in Central Texas Step by step instructions for incorporating and start up Frequently asked questions
More informationForm 990 Return of Organization Exempt From Income Tax
OMB No. 1545-0047 Form 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2011 benefit trust or private foundation)
More informationSIMPLE IRA Plan. Reporting and Disclosure Requirements No annual IRS filing requirement.
SIMPLE IRA Plan A SIMPLE IRA plan provides small employers with a simplified method to contribute toward their employees' and their own retirement savings. Employees may choose to make salary reduction
More informationSavings Incentive Match Plan for Employees (SIMPLE) For Use with a Non-DFI IRS Model Form 5304-SIMPLE
Savings Incentive Match Plan for Employees (SIMPLE) For Use with a Non-DFI IRS Model Form 5304-SIMPLE Form 5304-SIMPLE (Rev. August 2005) Department of the Treasury Internal Revenue Service Savings Incentive
More informationChapter Skill-Building Webinar: Working with the IRS
Chapter Skill-Building Webinar: Working with the IRS Welcome from National NOW Action Center Bonnie Grabenhofer, NOW Executive VP vpexec@now.org Abi Green NOW Field Director field@now.org Anita Lederer,
More informationNew Alternatives Fund, Inc. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA
New Alternatives Fund, Inc. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 4
More informationShort Form Return of Organization Exempt From Income Tax
Form 990-EZ PUBLIC DISCLOSURE COPY ** PUBLIC DISCLOSURE COPY ** Short Form Return of Organization Exempt From Income Tax Under section 501, 527, or 4947(1) of the Internal Revenue Code (except private
More informationJon Husted. Ohio Secretary of State. your guide to. Ohio Secretary of State. Business Services Division
your guide to Jon Husted Ohio Secretary of State Ohio Secretary of State Business Services Division Dear Ohioan: Ohio is open for business! Starting a business in Ohio begins here at the Secretary of State
More informationBUSINESS EXAMINATION CHECKLIST
Case Name Case Number BUSINESS EXAMINATION CHECKLIST Office of The Chapter 13 Trustee INSTRUCTIONS: Complete all sides of the form. Use separates page if you need additional room, be sure to reference
More informationIncome Tax Issues Affecting Small Nonprofit Organizations
Income Tax Issues Affecting Small Nonprofit Organizations A free resource provided by the Virginia Society of Certified Public Accountants 2 Income Tax Issues Affecting Small Nonprofit Organizations A
More informationNews Release Date: 3/20/13
News Release Date: 3/20/13 Voluntary Worker Classification Settlement Program Expanded Cross References IR-2013-23, February 27, 2013 Announcement 2012-45 Announcement 2012-46 The Internal Revenue Service
More informationGA-511 Unrelated Business Income Tax Prepared By: Associate Controller, Disbursements & Taxation Approved By: Brian Laffey Effective Date: 01/01/2011
GA-511 Unrelated Business Income Tax Prepared By: Associate Controller, Disbursements & Taxation Approved By: Brian Laffey Effective Date: 01/01/2011 Purpose Illinois Institute of Technology (IIT) is a
More informationFlorida Corporate Short Form Income Tax Return. For tax year beginning on or after January 1, 2013. (Continued on Page 2)
FEIN: Taxable Year End: Florida Corporate Short Form Income Tax Return For tax year beginning on or after January 1 2013 Rule 12C-1.051 Florida Administrative Code Effective 01/14 Where to Send Payments
More informationNew Business Owner. Roadmap to Register and License your Business in Washington
New Business Owner Roadmap to Register and License your Business in Washington Have you written a business plan? For help, go to the Plan chapter of Washington s Small Business Guide: www.bizguide.wa.gov
More informationCash or Deferred 401(k) Plan
The Basics Any profit sharing or stock bonus plan that meets certain participation requirements of IRC Sec. 40(k) can be a cash or deferred plan. An employee can agree to a salary reduction or to defer
More informationExempt Organizations Summary & Comments regarding the New Form 990
Exempt Organizations Summary & Comments regarding the New Form 990 The Internal Revenue Service has released a draft of the revised Form 990, annual tax return for non profit organizations. The purpose
More information... HSA ... Health Savings Account. Custodial Booklet. (includes self-direction)
HSA Health Savings Account Custodial Booklet (includes selfdirection) HEALTH SAVINGS CUSTODIAL ACCOUNT (Under section 223(a) of the Internal Revenue Code) Form 5305C (December 2011) Department of the Treasury
More informationFINANCIAL INSTRUCTIONAL BOOKLET ALPHA DELTA KAPPA
FINANCIAL INSTRUCTIONAL BOOKLET ALPHA DELTA KAPPA Revised September 2012 Overview FINANCIAL INSTRUCTIONAL BOOKLET TABLE OF CONTENTS I. Internal Revenue Service Exempt Reporting Requirements...1 A. ADK
More informationFrequently asked Questions
Frequently asked Questions By NONPROFITS About Taxes (2014 Revised Edition) ANSWERS* TO QUESTIONS FREQUENTLY ASKED ABOUT - COMPENSATION & BENEFITS We heard that our pastor is both an employee and an independent
More informationPTA Treasurer s Training. Being Accountable and Transparent
PTA Treasurer s Training Being Accountable and Transparent Duties of the PTA Treasurer Maintain accurate, detailed financial records Help prepare the PTA Budget Receive & disburse funds Present a Treasurer
More informationPhase 1: Research & Organize
CHECKLIST FOR STARTING A NONPROFIT ORGANIZATION IN MARYLAND Phase 1: Research & Organize Establish a Purpose The purpose of the organization needs to be exclusively charitable and/or educational, aligning
More informationA For the 2011 calendar year, or tax year beginning 10/01 B Check if applicable:
Form 99-EZ Department of the Treasury Internal Revenue Service Short Form Return of Organization Exempt From Income Tax Under section 51(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black
More informationPROTOTYPE SIMPLIFIED EMPLOYEE PROTOTYPE PLAN
PROTOTYPE SIMPLIFIED EMPLOYEE PROTOTYPE PLAN PROTOTYPE SIMPLIFIED EMPLOYEE PENSION PLAN AGREEMENT ARTICLE I Adoption and Purpose of Plan 1.01 Adoption of Plan: By completing and signing the Adoption Agreement,
More informationCalifornia Franchise Tax Board
Examples of Exempt Organizations Business Leagues Cemeteries Chambers of Commerce Charitable Organizations Churches Civic Leagues Credit Unions Educational Organizations Employee Associations Fraternal
More informationTHIRD AVENUE FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA
THIRD AVENUE FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 4 ROTH INDIVIDUAL
More informationUSAA SIMPLE/SEP-IRA. Disclosure Statements and Custodial Agreements 49629-1215
USAA SIMPLE/SEP-IRA Disclosure Statements and Custodial Agreements 49629-1215 Table of Contents A. SIMPLE IRA Custodial Agreement 2 B. SIMPLE IRA Disclosure Statement 3 C. SEP-IRA Custodial Agreement 7
More informationSlide 2. Income Taxes
Slide 1 Taxes Income taxes have been a part of American life since 1909 when the 16 th Amendment to the Constitution was ratified. You can t avoid taxes, so you might as well understand how taxes are structured
More informationModule 7: Nonprofit Association Tax Compliance
Module 7: Nonprofit Association Tax Compliance Table of Contents Nonprofit Associations and Taxation: An Introduction Page 1 Reasons for Organizations to Seek Tax-Exempt Status Page 2 Why are Nonprofit
More informationFORMING A TAX EXEMPT CALIFORNIA NONPROFIT ORGANIZATION
FORMING A TAX EXEMPT CALIFORNIA NONPROFIT ORGANIZATION Prepared by: The Legal Aid Foundation of Los Angeles Community Economic Development Unit Revised 2013 COPYRIGHT 2013 Legal Aid Foundation of Los Angeles
More informationShort Form Return of Organization Exempt From Income Tax
Form 99-EZ Department of the Treasury Internal Revenue Service Short Form Return of Organization Exempt From Income Tax Under section 51(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
More informationPublicis Benefits Connection 35 West Wacker Drive Chicago, IL 60601 4.NVCP0806300400
Publicis Benefits Connection 35 West Wacker Drive Chicago, IL 60601 4.NVCP0806300400 Publicis Benefits Connection 35 West Wacker Drive Chicago, IL 60601 Plan Name: Publicis Benefits Connection 401(k)
More information2013 Small Employer Health Care Tax Credit 1 Is Your Church or Organization Eligible?
2013 Small Employer Health Care Tax Credit 1 Is Your Church or Organization Eligible? This announcement contains important information about the Small Employer Health Care Tax Credit to help you determine
More informationINDIVIDUAL RETIREMENT ACCOUNT (IRA) AND EDUCATION SAVINGS ACCOUNT (ESA) DISTRIBUTION REQUEST FORM
INDIVIDUAL RETIREMENT ACCOUNT (IRA) AND EDUCATION SAVINGS ACCOUNT (ESA) DISTRIBUTION REQUEST FORM Use this form to request a distribution of assets from Traditional IRAs, SEP IRAs, SIMPLE IRAs, Roth IRAs,
More informationJANUARY 2015 UPDATE ON PAYROLL, EMPLOYMENT TAXES AND INFORMATION RETURNS
JANUARY 2015 UPDATE ON PAYROLL, EMPLOYMENT TAXES AND INFORMATION RETURNS This letter sets forth employee payroll tax withholding rates, employer payroll tax rates in effect for 2015 and some pertinent
More informationJAMISON MANAGEMENT AND DEVELOPMENT HC 68, Box 79-S, Gila Hot Springs, Silver City, New Mexico 575-536-9339 sznjmsn@gilanet.com
JAMISON MANAGEMENT AND DEVELOPMENT HC 68, Box 79-S, Gila Hot Springs, Silver City, New Mexico 575-536-9339 sznjmsn@gilanet.com Compiled by Suzanne Jamison for informational purposes only. This does not
More informationANNUAL FILING REQUIREMENTS FOR CALIFORNIA S TAX EXEMPT ORGANIZATIONS (Tax Advisory No. 10)
ANNUAL FILING REQUIREMENTS FOR CALIFORNIA S TAX EXEMPT ORGANIZATIONS (Tax Advisory No. 10) Tax-exempt organizations are generally exempt from income taxes. However, like other businesses and individuals,
More informationGuide for Non-profit Organization Financial Administrative Form
Guide for Non-profit Organization Financial Administrative Form This general guidance is provided by the State Education Department (SED) to assist non-profit organizations in completing the Non-profit
More informationSTATE REGULATION AFFECTING TAX-EXEMPT CHARITABLE ORGANIZATIONS. Presentation for the Chicago Bar Association Chicago, Illinois September 24, 2002
& 30 W. Monroe St. Suite 800 Chicago, IL 60603 Phone: (312) 442-9076 Fax: (312) 275-7775 www.davidbealaw.com David L.Bea Julia H. Erickson Daniel J. Mays STATE REGULATION AFFECTING TAX-EXEMPT CHARITABLE
More informationState Regulations Affecting Tax-Exempt Charitable Organizations
State Regulations Affecting Tax-Exempt Charitable Organizations Prepared by Mosher & Associates, LLC 33 N. LaSalle St., Ste. 3400 Chicago, IL 60602 312-220-0019 www.mosherlaw.com Mosher & Associates, LLC
More informationGUIDE TO FORMING A CHARITABLE, TAX-EXEMPT, NONPROFIT CORPORATION IN CALIFORNIA
PUBLIC COUNSEL COMMUNITY DEVELOPMENT PROJECT FEBRUARY 2013 UPDATE GUIDE TO FORMING A CHARITABLE, TAX-EXEMPT, NONPROFIT CORPORATION IN CALIFORNIA 2001 Public Counsel WWW.PUBLICCOUNSEL.ORG/PRACTICE_AREAS/COMMUNITY_DEVELOPMENT
More informationWhat All Tax Exempt Organizations Need to Know
What All Tax Exempt Organizations Need to Know 2014 Agenda History of the Form 990: Origination and developments over time Context: Disclosures at Public Companies: Convergence of governance expectations
More informationSIMPLIFIED EMPLOYEE PLAN
SIMPLIFIED EMPLOYEE PLAN SIMPLIFIED EMPLOYEE PENSION PLAN AGREEMENT ARTICLE I Adoption and Purpose of Plan 1.01 Adoption of Plan: By completing and signing the Adoption Agreement, the Employer adopts the
More informationNew Hampshire Department of Revenue Administration
GENERAL INSTRUCTIONS FOR FILING BUSINESS ENTERPRISE & BUSINESS PROFITS TAXES GENERAL INSTRUCTIONS NEW SINCE 2010: Failure to Pay by Electronic Means. Effective August 13, 2010 the NH Legislature expanded
More informationInstructions for Form 990-EZ
2013 Instructions for Form 990-EZ Department of the Treasury Internal Revenue Service Short Form Return of Organization Exempt From Income Tax Under Section 501(c), 527, or 4947(a)(1) of the Internal Revenue
More informationPhone Forum: Federal Tax and Information Return Responsibilities for Tax- Exempt Organizations that Conduct Gaming (May 2007)
Phone Forum: Federal Tax and Information Return Responsibilities for Tax- Exempt Organizations that Conduct Gaming (May 2007) Bobby Zarin: Good morning (afternoon). Welcome to Exempt Organization's phone
More informationD-76. District of Columbia (DC) Estate Tax Forms and Instructions For Estates of Individuals Who Died on January 1, 2011 or After
Government of the District of Columbia Office of the Chief Financial Officer Office of Tax and Revenue D-76 District of Columbia (DC) Estate Tax Forms and Instructions For Estates of Individuals Who Died
More information(a) Definitions. As used in this Section, the following terms have the meanings set forth below.
EMPLOYEE BENEFIT REPS AND WARRANTIES FOR STOCK PURCHASE WHERE REPRESENT THE BUYER Section 1.1 Employee Benefits. (a) Definitions. As used in this Section, the following terms have the meanings set forth
More informationForm 990-EZ and supplemental forms and schedules. Sign and date: An officer must sign and date Form 990-EZ on page 4.
Federal Filing Instructions 2014 Name(s) as shown on return Your Social Security Number Date to file by: 08-17-2015 Form to be filed: Form 990-EZ and supplemental forms and schedules Sign and date: An
More informationForm 990 Return of Organization Exempt From Income Tax
OMB No. 1545-0047 Form 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) 2014 Do not enter social security
More information401(k) Plan Executive Summary
401(k) Plan Executive Summary January 2016 3000 Lava Ridge Court, Suite 130 Roseville, CA 95661 Tel 916.773.3480 Fax 916.773.3484 6400 Canoga Avenue, Suite 250 Woodland Hills, CA 91367 Tel 818.716.0111
More informationIf you have questions regarding these forms or requirements, please consult with your attorney. Office of the Chapter 13 Trustee Marilyn O.
This office has been appointed standing trustee in your Chapter 13 bankruptcy case. The documents that you filed indicate that at least one of the persons filing this case is engaged in business. Enclosed
More informationForm 1099 Miscellaneous The Good, The Bad, and The Ugly
Form 1099 Miscellaneous The Good, The Bad, and The Ugly Complimentary Guidance from The Tax Office, Inc., on What Can Happen If You Do Not File Your 1099-Misc Forms Table of Contents What is a Form 1099
More informationVoiture and Grande Financial Procedure Guidelines
Voiture and Grande Financial Procedure Guidelines September 8, 2010 Introduction This was developed by Commissaire Intendant Terry Lanning and has been approved by the National Finance Committee. It is
More informationWage Theft Prevention Act Frequently Asked Questions (FAQ)
Wage Theft Prevention Act Frequently Asked Questions (FAQ) The Wage Theft Prevention Act, which goes into effect April 9, 2011, amends the notice of wage rate requirements and expands the civil and criminal
More informationSample 1023, Application for Recognition of Exemption FILING INSTRUCTIONS
Sample 1023, Application for Recognition of Exemption FILING INSTRUCTIONS Remember, on all attachments to have a heading with your PTA s corporation name and EIN (Employer ID Number). Form 1023 (Rev. 12-2011)
More informationAmerican Skin Association
American Skin Association Document Retention Policy ARTICLE I STATEMENT OF POLICY 1. Purpose. This document retention policy is intended to ensure that all documents regarding the operations of American
More informationColumbia Management SIMPLE IRA
Columbia Management SIMPLE IRA An Employer s Guide to Plan Set-Up Establishing a Plan is Easy 1. Read through this booklet before signing any forms. You may want to consult your tax and/or legal advisor
More informationHow To Get A Pension From The Pension Fund
Member s Guide to: DROP Deferred Retirement Option Plan www.op-f.org PLAN DEFERRED RETIREMENT DROP The Deferred Retirement Option Plan (DROP) is an optional benefit that allows eligible police officers
More informationArizona Form 2007 Exempt Organization Business Income Tax Return 99T
Arizona Form 2007 Exempt Organization Business Income Tax Return 99T Obtain additional information or assistance, tax forms and instructions, and copies of tax rulings and tax procedures by contacting
More informationWEA Tax Sheltered Annuity (TSA) Trust 403(b)
WEA Tax Sheltered Annuity (TSA) Trust 403(b) The 403(b) offered by WEA Trust Member Benefits provides a retirement savings investment opportunity for all of your employees. We administer all accounts in
More informationOptRight Online: 2013 Year End Customer Guide
November 2013 Wells Fargo Business Payroll Services OptRight Online: 2013 Year End Customer Guide 2013 Wells Fargo Bank N.A. All rights reserved. Member FDIC. Welcome to the 2013 year-end customer guide
More informationPART B: PARTICIPATION AND BENEFITS AT A GLANCE
6/18/12 dr SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST Revised FAQs #2 Re: Option C Transfers from the City to the Medical Expense Reimbursement Plan of the Retiree Medical Trust The San Diego City
More informationHow To Be A Good Fundraiser
A Legal Checklist for Not-for-Profit Organizations This 10-point checklist is written to help busy charitable organizations stay on top of today s regulatory compliance requirements. For further information,
More informationAVOID MISTAKES WITH TIMELY DEPOSITS
EMPLOYEE BENEFITS INSIDER Spring 12 AVOID MISTAKES WITH TIMELY DEPOSITS In any qualified retirement plan, money comes in and money goes out. An area that garners Department of Labor (DOL) attention is
More information4. EMPLOYMENT LAW. LET S GO LEGAL: The Right Road to Compliance & Protection KNOW KNOW MORE. 1. Minimum Wage & Overtime
4. EMPLOYMENT LAW KNOW There are five key areas of Employment Law for nonprofit to be aware of: 1. Minimum Wage & Overtime: Federal, State, and in some cases Local law regulates employers pay practices
More informationThe Legal Essentials of Starting a Nonprofit Organization
The Legal Essentials of Starting a Nonprofit Organization July 2010 Stephen Falla Riff, Esq. Legal Aid Society Community Development Project Copyright 2010 The Legal Aid Society What this Presentation
More informationWage Theft Prevention Act Frequently Asked Questions (FAQ)
Wage Theft Prevention Act Frequently Asked Questions (FAQ) The Wage Theft Prevention Act, which goes into effect April 9, 2011, amends the notice of wage rate requirements and expands the civil and criminal
More informationNYS-45-I (10/14) Instructions for Form NYS-45. Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return
New York State Department of Taxation and Finance Important information For returns due on or after April 30th, 2015, you must electronically file your quarterly returns and pay any balance due. If you
More informationYou Want to Form a Nonprofit Corporation in Vermont?
You Want to Form a nprofit Corporation in Vermont? what you should know before you do Dr. Jane A. Van Buren Last updated May 2012 onmark nprofit Services janevb@noonmarkservices.com www.noonmarkservices.com
More informationTAX LIABILITY ON WRS BENEFITS
TAX LIABILITY ON WRS BENEFITS ET-4125 (7/2014) Scan to read online. Tax Liability on WRS Benefits Taxation of Your WRS Benefit 2 Taxation of Monthly Annuities 3 Taxation of Lump Sum Benefits 5 Required
More informationNonprofit Legal Audit Checklist: Understanding & Complying with the Law
Nonprofit Legal Audit Checklist: Understanding & Complying with the Law Thursday, May 28, 2015, 10:00 a.m. 11:30 a.m. ET The Foundation Center, Washington, D.C. Speaker Carrie Garber Siegrist, Esq., Venable
More informationSIMPLE INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT CUSTODIAL AGREEMENT & DISCLOSURE STATEMENT
SIMPLE INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT CUSTODIAL AGREEMENT & DISCLOSURE STATEMENT Form 5305-SA SIMPLE Individual Retirement Custodial Account (March 2002) Department of the Treasury (under Sections
More informationHire unemployed workers, save taxes
Hiring Incentives to Restore Employment Act Hire unemployed workers, save taxes With all of the press coverage of the healthcare reform legislation, the HIRE bill passed into law almost unnoticed. The
More informationIndividual Retirement Account (IRA) Traditional IRA SEP IRA. Roth IRA
Individual Retirement Account (IRA) Traditional IRA SEP IRA Roth IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 4 ROTH INDIVIDUAL RETIREMENT
More informationTRADITIONAL IRA DISCLOSURE STATEMENT
TRADITIONAL IRA DISCLOSURE STATEMENT TABLE OF CONTENTS REVOCATION OF ACCOUNT... 1 STATUTORY REQUIREMENTS... 1 (1) Qualification Requirements... 1 (2) Required Distribution Rules... 1 (3) Approved Form....
More informationPlan Name: CITGO Retirement and Savings Plan (RASP) Plan #: 87084. Incoming Rollover Instructions
Plan Name: CITGO Retirement and Savings Plan (RASP) Plan #: 87084 Incoming Rollover Instructions If you have a balance in a former employer's retirement plan and/or an IRA, you may want to consider consolidating
More informationINDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA
INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 6 ROTH INDIVIDUAL RETIREMENT
More information