AFSCME 41 st INTERNATIONAL CONVENTION CHICAGO, ILLINOIS AUDITING DEPARTMENT PRESENTS IRS 990 FILING REQUIREMENTS JULY 14, 2014

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

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

 Cathy German  William Del Pino AFSCME AUDITORS PRESENTERS

 Cathy German  William Del Pino PRESENTERS CONTACT INFORMATION

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

 Receipts are Less Than $200,000 and  Total Assets at Year End are Less Than $500,000 IRS 990-EZ Filing Requirements

 Receipts Average $50,000 or Less During the Past 3 Years  IRS 990-N is an online filing made at IRS 990-N Filing Requirements

 IRS Form 990, 990-EZ and 990-N are due May 15 th or 4 ½ Months after end of Fiscal Year IRS 990 Due Dates

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

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

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

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

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

 Go to the following website: article/0,,id=249767,00.html Check Your IRS Form 990-N Filing Status

 Click on the Box in the Middle of the Page Check Your IRS Form 990-N Filing Status Exempt Organizations Select Check Tool

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

 After Making Your Choice Fill in Your Affiliate’s EIN Number Check Your IRS Form 990-N Filing Status

 Choice # 2: If your Exempt Status Has Been Revoked, It Will Give the Revocation Date Check Your IRS Form 990-N Filing Status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

Go to the Following Website:   Create an Account  Enter Address & Password Check Your IRS Form 990 or 990-EZ Filing Status

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

 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 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 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 at 15 % - 35 % Reinstatement Process

 If you Submit Form 1024 & Form 8718 No Later Than 15 Months after Revocation Posting Date, you can be Reinstated Retroactively and will not be Required to File an Income Tax Return. Streamlined Retroactive Reinstatement Process

Questions on 990 Filings?  Please Contact AFSCME Auditing Department at: (202)