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    Not Indicate That The Organizations Have Lost

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    IRS
    1) The IRS will begin the Income Verification Express Service (IVES) program on October 2, 2006, allowing taxpayers to request and receive IRS transcripts and records electronically. Fees may be charged for this service. 2) The IRS has revoked its determination that certain organizations listed qualify for tax-exempt status. Contributions made to these organizations after the date of revocation may not be tax-deductible. 3) The IRS has reclassified some organizations from public charities to private foundations, affecting the deductibility of contributions to them.

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    Not Indicate That The Organizations Have Lost

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    IRS
    35 views1 page
    1) The IRS will begin the Income Verification Express Service (IVES) program on October 2, 2006, allowing taxpayers to request and receive IRS transcripts and records electronically. Fees may be charged for this service. 2) The IRS has revoked its determination that certain organizations listed qualify for tax-exempt status. Contributions made to these organizations after the date of revocation may not be tax-deductible. 3) The IRS has reclassified some organizations from public charities to private foundations, affecting the deductibility of contributions to them.

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    1) The IRS will begin the Income Verification Express Service (IVES) program on October 2, 2006, allowing taxpayers to request and receive IRS transcripts and records electronically. Fees may be charged for this service. 2) The IRS has revoked its determination that certain organizations listed qualify for tax-exempt status. Contributions made to these organizations after the date of revocation may not be tax-deductible. 3) The IRS has reclassified some organizations from public charities to private foundations, affecting the deductibility of contributions to them.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    35 views1 page

    Not Indicate That The Organizations Have Lost

    Uploaded by

    IRS
    1) The IRS will begin the Income Verification Express Service (IVES) program on October 2, 2006, allowing taxpayers to request and receive IRS transcripts and records electronically. Fees may be charged for this service. 2) The IRS has revoked its determination that certain organizations listed qualify for tax-exempt status. Contributions made to these organizations after the date of revocation may not be tax-deductible. 3) The IRS has reclassified some organizations from public charities to private foundations, affecting the deductibility of contributions to them.

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    Indicator, refers to prior year reporting.

    Deletions From Cumulative Foundations Status of Certain


    It differs from Form 1098–T which has List of Organizations Organizations
    a check box to indicate a change of re­ Contributions to Which
    porting method. For electronic/tape
    are Deductible Under Section Announcement 2006–76
    cartridge files select the appropriate
    indicator to indicate 2005 reporting 170 of the Code The following organizations have failed
    method. to establish or have been unable to main­
    No additional changes are expected for Announcement 2006–75 tain their status as public charities or as op­
    tax year 2006 reporting. If you have any erating foundations. Accordingly, grantors
    The Internal Revenue Service has re­ and contributors may not, after this date,
    questions, contact the Internal Revenue
    voked its determination that the organi­ rely on previous rulings or designations
    Service, Enterprise Computing Center —
    zations listed below qualify as organiza­ in the Cumulative List of Organizations
    Martinsburg (IRS/ECC-MTB) toll-free
    tions described in sections 501(c)(3) and (Publication 78), or on the presumption
    866–455–7438.
    170(c)(2) of the Internal Revenue Code of arising from the filing of notices under sec­
    1986. tion 508(b) of the Code. This listing does
    Generally, the Service will not disallow
    Income Verification Express not indicate that the organizations have lost
    deductions for contributions made to a their status as organizations described in
    Service (IVES) Program listed organization on or before the date section 501(c)(3), eligible to receive de­
    of announcement in the Internal Revenue ductible contributions.
    Announcement 2006–74 Bulletin that an organization no longer Former Public Charities. The follow­
    On October 2, 2006, the Internal Rev­ qualifies. However, the Service is not ing organizations (which have been treated
    enue Service will begin the Income Veri­ precluded from disallowing a deduction as organizations that are not private foun­
    fication Express Service (IVES) program, for any contributions made after an or­ dations described in section 509(a) of the
    offering electronic delivery of IRS tran­ ganization ceases to qualify under section Code) are now classified as private foun­
    scripts and records available upon submis­ 170(c)(2) if the organization has not timely dations:
    sion of IRS Form 4506–T, Request for filed a suit for declaratory judgment under
    Transcript of Tax Return. For details on section 7428 and if the contributor (1) had Able Charitable Foundation, Inc.,
    participation in the program and submis­ knowledge of the revocation of the ruling Dickinson, ND
    sion of requests, including fees and pay­ or determination letter, (2) was aware that Aleskan Foundation, Havertown, PA
    ments, please refer to www.IRS.gov (key­ such revocation was imminent, or (3) was All Faith Counseling Center, Inc.,
    word IVES). in part responsible for or was aware of the Gainesville, FL
    Pursuant to Internal Revenue Code Sec­ activities or omissions of the organization Alsami Charity Foundation,
    tion 6103(p)(2), the Commissioner may, that brought about this revocation. Dove Canyon, CA
    from time to time, prescribe fees associ­ If on the other hand a suit for declara­ American Childrens Orchestras for Peace,
    ated with the services provided for under tory judgment has been timely filed, con­ Inc., Miami, FL
    the IVES program. Failure to pay any fees tributions from individuals and organiza­ Arhome Community Development, Inc.,
    associated with the IVES program will re­ tions described in section 170(c)(2) that Pine Bluff, AR
    sult in suspension from the program and are otherwise allowable will continue to Arkansas Community Bankers
    any outstanding obligation will be sub­ be deductible. Protection under section Foundation, Inc., Hot Springs, AR
    ject to interest, penalties, and administra­ 7428(c) would begin on June 27, 2005, and Assist International Ministries, Inc.,
    tive charges. Continued non-payment will would end on the date the court first deter­ Lawrenceville, GA
    be subject to the Treasury Offset Program mines that the organization is not described Azeem Enterprises, Inc., Hampton, VA
    (TOP). in section 170(c)(2) as more particularly B. F. Walker & Associates, Inc.
    Submission of false or fraudulent forms set forth in section 7428(c)(1). For indi­ Atlanta, GA
    or information will result in termination vidual contributors, the maximum deduc­ Beautiful Zion Community Development
    from the program. tion protected is $1,000, with a husband Corporation, Inc., West Memphis, AR
    The principal author of this announce­ and wife treated as one contributor. This Beech Island Recreation Association,
    ment is Adrienne M. Mikolashek of the benefit is not extended to any individual, in Inc., Jackson, SC
    Office of Associate Chief Counsel (Pro­ whole or in part, for the acts or omissions Belleville Township High School
    cedure & Administration). For further of the organization that were the basis for District 201 Educational Fndtn, Ltd,
    information regarding this announcement, revocation. Belleville, IL
    contact Adrienne M. Mikolashek at (202) Bowie Soccer United Bandits,
    National Credit Counseling Services, Inc. Arnold, MD
    622–4570 (not a toll-free call). Orlando, FL Brasil Brasil Cultural Center,
    San Francisco League of Urban Gardeners Culver City, CA
    San Francisco, CA Bright Light, Inc., Grand Rapids, MI
    Brothers of the Light, Inc., Rooselvelt, NY
    Calder Museum, Inc., Philadelphia, PA

    2006–42 I.R.B. 746 October 16, 2006

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