Not For Profit/Exempt Organizations Blog

Monthly Archives: April 2013

Recent IRS Guidance Concerning 403(b) Plans

By Lisa A. Berkowitz Herrnson on Posted in IRS Filings
Correction of Plan Errors Final Internal Revenue Code Section 403(b) regulations which became effective January 1, 2009 require that plan sponsors adopt written 403(b) Plan documents.  A 403(b) Plan is a form of defined contribution retirement plan that may only be offered by employers that are tax-exempt entities under Section 501(c)(3) of the Internal Revenue … Continue Reading

IRS Sends Questionnaire to More Than 1,300 Self-Declared Section 501(c)(4), (5) or (6) Organizations

By Jamie Bowles on Posted in IRS Filings, Political Campaign Activity
IRS Exempt Organizations group has sent out more than 1,300 questionnaires to self-declared Section 501(c)(4) social welfare organizations; 501(c)(5) labor, agricultural or horticultural organizations; or 501(c)(6) business leagues.  The questionnaires are part of IRS efforts to increase voluntary compliance, learn more about self-declared exempt organizations, and determine whether self-declared exempt organizations are complying with applicable tax-exempt … Continue Reading
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