Veterans Organizations: Help from the IRS on Key Issues. Cheryl Teser & Peter Lorenzetti Exempt Organizations

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Transcription:

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

Today s Topics Exemption Requirements Exempt Activities Unrelated Business Income (UBI), including Gaming Recordkeeping Employment Issues Group Rulings Filing Requirements 3

IRS Publication 3386 4

Background Veterans Organizations Prior to enactment of IRC 501(c)(19), veterans organizations generally taxexempt under IRC 5601(c)(4) Some veterans organizations created 501(c)(7), (c)(8) or (c)(10) subsidiaries for their social and insurance activities. Section 501(c)(23) for organizations created before 1880 covers just two organizations! (Army and Navy Mutual Aid Societies) 5 Some use 501(c)(2) titleholding companies for their property

501(c)(19) Exemption Criteria Organized in the United States or any of its possessions At least 75% must be a past or present members of the U.S. Armed Forces Other members are cadets or are spouses, widows, widowers, ancestors, or lineal descendants of past or present members of the U.S. Armed Forces or cadets No net earnings may inure to the benefit of any private shareholder or individual 6

501(c)(19) Purposes 7 Promote the social welfare of the community Assist war veterans or members of Armed Forces; their widows, orphans, dependents Provide entertainment/care to hospitalized veterans or members of Armed Forces Conduct programs in memory of deceased veterans or members of Armed Forces Conduct religious, charitable, scientific, literary, educational programs Sponsor or participate in patriotic activities Provide insurance benefits for members or dependents Provide social or recreational activities for members

Promoting Social Welfare 8 Sponsor youth activities Allow other community organizations to use post facilities without charge Sponsor scouting or other youth groups Provide scholarships for students Donate to charities Visit sick or hospitalized members, veterans or their families Sponsor parades on holidays Recreational activities for members and their guests

Non-member Activities and Income Veterans organization operation of Bar Restaurant Gambling (Gaming) Dances Furthers exempt purpose? For members and guests Yes For general public No, and may generate unrelated business income 9

Unrelated Business Income 10 Trade or business activity Regularly carried on Not substantially related to organization s exempt purpose Common examples of UBI activity: Advertising Gaming Sale of merchandise and publications Management or other similar services

UBI Exceptions Some activities deemed not unrelated: Activities conducted by volunteers Convenience of members, etc. Sale of donated merchandise Distribution of low cost articles Qualified convention or trade show fees Sponsorship Traditional Bingo See Publication 598, Tax on Unrelated Business Income of Exempt Organizations, for more information 11

Veterans Organizations and Gaming Furthers an exempt purpose when restricted to members and bona fide guests If open to the general public, income from nonmembers may be unrelated (UBI) UBI exception for bingo if it is A game of chance played with cards where prizes are distributed in presence of all players Legal in jurisdiction where it is played Played in jurisdiction where for-profit entities cannot carry on bingo games 12

Recordkeeping A 501(c)19) s records must Verify members status veteran, active military, cadet, specified relative, etc. Clearly document sources of income show whether receipts are from members or nonmembers Clearly document how expenditures further exempt purposes 13

Statutory Membership Requirements This memo: Revises examination guidelines for veterans organizations described in section 501(c)(19) of the IRC Eliminates an agent s discretion to request DD Forms 214 at the outset of examinations for the purpose of determining whether the organization meets statutory membership requirements See IRM 4.76.26.12(1) 14 Veterans Organizations Exempt Organizations

Employment Issues Veterans organizations workers receiving compensation Employees organization withholds and pays employment taxes the same as any other employer Independent contractor organization must meet applicable reporting requirements 15

Worker Characteristics Employee A worker is an employee if the employer has the right to direct and control the worker. Independent Contractor An independent contractor is self-employed and carries on an independent trade or business. 16

Worker Classification Three categories of evidence Behavioral control Financial control Relationship of the Parties 17 Request IRS classification Form SS-8, Determination of Employee Work Status for Purposes of Federal Employee Tax and Income Tax Withholding

Employees & Non-employees Employees defined by statute Officers of a corporation President, Vice- President, Secretary, and Treasurer Non-employees defined by statute Corporation s Directors members of the governing board 18

Employment Tax Forms Reporting to employees and IRS Form W-2, Wage and Tax Statement Reporting to independent contractor and IRS Form W-9, Request for Taxpayer Identification Number and Certification Form 1099-MISC, Statement for Receipts of Miscellaneous Income 19

Form W-9 20 EXEMPT ORGANIZATIONS Veterans Organizations WORKSHOP EXEMPT ORGANIZATIONS

War Veterans Organizations Membership requirement at least 90% must be war veterans see page 37 for qualifying service periods Purpose requirement Furthering comradeship members Honoring the memory of deceased veterans, members; aiding, comforting their survivors Encouraging patriotism Aiding hospitalized, disabled and needy war veterans and dependents 21

Group Rulings IRS recognizes as tax-exempt organizations affiliated with tax-exempt central organization Central/parent organization will have one or more subordinate/affiliate IRS relies on parent to ensure all subordinates/affiliates meet exemption requirements Subordinates may have own filing requirements 22

Form 990-series Filing Requirements Private Foundations file Form 990-PF Tax Year 2012 Form All organization may file 990 Gross receipts below $200,000 and Total assets below $500,000 990-EZ Gross receipts at or below $50,000 990-N 23

Form 990-N e-postcard 24 PRESENTATION Veterans Organizations TITLE EXEMPT ORGANIZATIONS

Non-Filing Consequences Penalties assessed against organization for failure against person(s) responsible, if failure persists after notice Failure to file for three consecutive years results in automatic revocation 25

Automatic Revocation/Reinstatement When does automatic revocation occurs? Rev. Proc. 2014-11 explains the four procedures an organization may use to apply for reinstatement. If organization does not file as required for three consecutive years File Form 1024, pay appropriate user fee 26

27 PRESENTATION Veterans Organizations TITLE EXEMPT ORGANIZATIONS

28 PRESENTATION Veterans Organizations TITLE EXEMPT ORGANIZATIONS

29 Resources Publication 3386 Tax Guide for Veterans Organizations Charities and Nonprofits page For forms, publications, general information www.irs.gov/charities-&-non-profits Publication 4221-NC Compliance Guide for Tax-Exempt Organizations (other than 501(c)(3) Public Charities and Private Foundations) Publication 3079 Gaming Publication for Tax-Exempt Organizations