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AFSCME 41 st INTERNATIONAL CONVENTION CHICAGO, ILLINOIS AUDITING DEPARTMENT PRESENTS IRS 990 FILING REQUIREMENTS JULY 14, 2014. Laura Reyes, Secretary-Treasurer, AFSCME International. TODAY’S HOST. Charles Jurgonis, Director, Financial Services

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TODAY’S HOST

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  1. AFSCME 41st INTERNATIONAL CONVENTIONCHICAGO, ILLINOISAUDITING DEPARTMENT PRESENTS IRS 990 FILING REQUIREMENTS JULY 14, 2014

  2. Laura Reyes, Secretary-Treasurer, AFSCME International TODAY’S HOST

  3. Charles Jurgonis, Director, Financial Services • Jeff Taggart, Associate Director, Auditing & Accounting • Karen Tyler, Assistant Director, • Auditing Additional Hosts

  4. PRESENTERS Cathy German William Del Pino AFSCME AUDITORS

  5. PRESENTERS CONTACT INFORMATION Cathy German cgerman@afscme.org William Del Pinowdelpino@afscme.org

  6. IRS 990 Filing Requirements Receipts are $200,000 or More or Total Assets at Year End are$500,000 or More

  7. IRS 990-EZ Filing Requirements Receipts are LessThan $200,000 and Total Assets at Year End are LessThan $500,000

  8. IRS 990-N Filing Requirements Receipts Average $50,000 orLess During the Past 3 Years IRS 990-N is an online filing made at http://epostcard.form990.org

  9. IRS 990 Due Dates IRS Form 990, 990-EZ and 990-N are due May 15thor 4 ½ Months after end of Fiscal Year

  10. IRS 990 Mailing Instructions Make Sure Form is Signed & Dated Before Mailed Send 990 & 990-EZ “Certified Mail - Return Receipt Requested” Retain a Signed & Dated Copy

  11. IRS 990 Mailing Address All IRS Form 990 & 990-EZ Forms should be mailed to:Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0027

  12. IRS 990 Late Filing Penalties $20PerDay for Each Day the Return is Late Maximum Penalty - $10,000 or 5 % of Gross Receipts

  13. IRS 990 Extension IRS Form 8868 Can Be Filed to Request an Automatic 3 Month Extension An Additional3MonthExtension can also be requested with explanation provided

  14. IRS 990 Failure to File Failure to File IRS 990, 990-EZ or 990-N for 3 ConsecutiveYears Will Result in the Loss of your Union’s Tax Exempt Status

  15. Check Your IRS Form 990-N Filing Status Go to the following website:http://www.irs.gov/charities/ article/0,,id=249767,00.html

  16. Check Your IRS Form 990-N Filing Status Click on the Box in the Middle of the Page

  17. Check Your IRS Form 990-N Filing Status Click On: Were Automatically Revoked(Choice # 2) or Have Filed Form 990-N (e-Postcard) (Choice # 3)

  18. Check Your IRS Form 990-N Filing Status After Making Your Choice Fill in Your Affiliate’s EINNumber

  19. Check Your IRS Form 990-N Filing Status Choice # 2: If your Exempt Status Has Been Revoked, It Will Give the Revocation Date

  20. Check Your IRS Form 990-N Filing Status Choice # 3: If Your Affiliate has Filed a 990-N, it Will List the Years that have Been Filed

  21. Check Your IRS Form 990 or 990-EZ Filing Status Go to the Following Website: http://www.guidestar.org Create an Account Enter Email Address & Password

  22. Check Your IRS Form 990 or 990-EZ Filing Status For Future Visits to Guide Star, Just Sign In with Email & Password Enter EIN Number of Affiliate to View IRS Form 990 or 990-EZ

  23. Reinstatement Process If your Exempt Status has been Revoked, you must File Form 1024 to Apply for Reinstatement Write “Automatically Revoked” on top of Form 1024 & on Envelope

  24. Reinstatement Process File Form 8718 along with Form 1024 which Determines Fee to be Paid Fee is $400 if Annual Gross Receipts Average $10,000 or Less over the last 4 Years - Otherwise, Fee is $850

  25. Reinstatement Process If your Exempt Status has been Revoked, you must File Form 1120 (US Corporation Income Tax Return) Until your Reinstatement is Granted Net Income Will Be Taxed at15 % - 35 %

  26. Streamlined Retroactive Reinstatement Process If you Submit Form 1024 & Form 8718 NoLaterThan15 Months after RevocationPosting Date, you can be Reinstated Retroactively and will not be Required to File an Income Tax Return.

  27. Questions on 990 Filings? Please Contact AFSCME Auditing Department at:(202) 429-5032

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