IRS Raises Tax Exempt Application Fees

The IRS recently announced that they would be raising tax exempt application fees across the board.

• For associations with less than $10,000 or less in a year over a four-year period, the fee will go from $300 to $400.
  
• For organizations whose feels are more than $10,000 annually over a four-year period, the feel will go from $750 to $850
• For group exemption letters, the fee will be $3000 from $900

A complete list of fees will be available in January, 2010.

To read more, click here.

IRS Releases Final Form 990

The internal Revenue Service released the final Form 990 and related schedules late last month, 18 months after the original draft of federal financial-disclosures forms were available for public comment. To view the form and related schedules, click here.

Click here to read more.