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IRS fees for filing for tax exemption to go up, and then down....

15 years 1 month ago #150568 by Rockne
Hey Guyton -

Always an important question. The part that caught my eye was the steep reduction coming up for those that use the cyber assistant. That sounds awfully good.

Tim

PTO Today Founder
15 years 1 month ago #150565 by GuytonMom
Thank you for sharing this important information! It begs the question, "Will my benefit of being a 501(c)(3) continue to outweigh the cost incurred?"

We will be examining this very question right away. My group is currently a PTA and discussing the pros/cons of dissolving our PTA and moving to a PTO group. This timing is right on to determine if we need to pursue the necessary paperwork as we transition.

Thank You, again!

Catherine
15 years 1 month ago #150486 by Lisa @ PTO Today
Important information. Thanks for passing this along, mum24kids!

~Lisa

follow me on twitter:
PTO Today (ptotoday) on Twitter
15 years 1 month ago #150484 by mum24kids
The following notice is straight from the IRS. It will be of interest if you are getting ready to file for Federal tax exemption anytime soon.
*********
EO Exemption Application User Fees to Increase in 2010


User fees will increase for all applications for exemption (Forms 1023, 1024, and 1028) postmarked after January 3, 2010:

*$400 for organizations whose gross receipts are $10,000 or less annually over a 4-year period
*$850 for organizations whose gross receipts exceed $10,000 annually over a 4-year period
*$3,000 for group exemption letters.

A complete schedule of all user fees will be published in the annual procedure released in January 2010.

Cyber Assistant, a Web-based software program designed to help 501(c)(3) applicants prepare a complete and accurate Form 1023 application, will become available during 2010. Once the IRS announces the availability of Cyber Assistant, the user fees will change again:

*$200 for organizations using Cyber Assistant (regardless of size) to prepare their Form 1023
*$850 for all other organizations not using Cyber Assistant (regardless of size) to prepare their Form 1023.

IRS will announce when Cyber Assistant is available and the effective date of the user fee change. Subscribe to the EO Update to automatically receive an alert that Cyber Assistant is available. (You can subscribe here: Current Edition of Exempt Organizations Update )
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