Beyond the rate changes the IRS had a couple of other announcements: The 990 filing thresholds change with the new year and move to the permanent levels, the phase-in process for getting nonprofits ready to file the updated form 990 is over. Now organizations with $200,000 or more in gross income (or more that $500,000 [...]
Categories: IRS
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Tags: 990, 990EZ, 990N, Useful IRS Publications
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The Internal Revenue Service has announced the 2011 Standard Mileage Rates. From their press release: Beginning on Jan. 1, 2011, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 51 cents per mile for business miles driven 14 cents per mile driven in service of charitable [...]
Categories: IRS
| Tags: Useful IRS Publications
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Nonprofit Gaming Does your nonprofit hold bingo nights, casino nights or have “opportunity drawings”? Then you should read the updated publication from the IRS, Publication 3079 (rev. June 2010), Tax-Exempt Organizations and Gaming (link opens up a PDF). From the IRS’s Exempt Organization Update: The publication explains the potential effect that gaming may have on [...]
Categories: IRS
| Tags: Gaming, Useful IRS Publications
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