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Filing 2007 Tax Return Late

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Filing 2007 Tax Return Late

Filing 2007 tax return late 2. Filing 2007 tax return late   Filing Requirements and Required Disclosures Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Annual Information ReturnsSupporting Organization Annual Information Return Unrelated Business Income Tax ReturnEstimated tax. Filing 2007 tax return late Employment Tax ReturnsException. Filing 2007 tax return late FUTA tax exception. Filing 2007 tax return late FICA tax exemption election. Filing 2007 tax return late Revoking the election. Filing 2007 tax return late Definitions. Filing 2007 tax return late Effect on employees. Filing 2007 tax return late Political Organization Income Tax ReturnExempt function. Filing 2007 tax return late Political organization taxable income. Filing 2007 tax return late Separate fund. Filing 2007 tax return late Failure to file. Filing 2007 tax return late Failure to pay on time. Filing 2007 tax return late Reporting Requirements for a Political OrganizationForm 8871 Form 8872 Donee Information ReturnCharitable deduction property. Filing 2007 tax return late Publicly traded securities. Filing 2007 tax return late Exceptions. Filing 2007 tax return late Form 8283. Filing 2007 tax return late Information Provided to DonorsDisclosure of Quid Pro Quo Contributions Acknowledgment of Charitable Contributions of $250 or More Acknowledgment of Vehicle Contribution Qualified Intellectual Property Report of Cash Received Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting FormsAnnual Information Return Public Inspection of Exemption Application Political Organization Reporting Forms Required DisclosuresSolicitation of Nondeductible Contributions Sales of Information or Services Available Free From Government Dues Used for Lobbying or Political Activities Prohibited Tax Shelter Transactions Miscellaneous RulesOrganizational Changes and Exempt Status Introduction Most exempt organizations (including private foundations) must file various returns and reports at some time during (or following the close of) their accounting period. Filing 2007 tax return late Topics - This chapter discusses: Annual information returns Unrelated business income tax return Employment tax returns Political organization income tax return Reporting requirements for a political organization Donee information return Information provided to donors Report of cash received Public inspection of exemption applications, annual returns, and political organizations reporting forms Required disclosures Miscellaneous rules Useful Items - You may want to see: Publication 15 Circular E, Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 598 Tax on Unrelated Business Income of Exempt Organizations Form (and Instructions) 941 Employer's Quarterly Federal Tax Return 990 Return of Organization Exempt From Income Tax 990-EZ Short Form Return of Organization Exempt From Income Tax Schedule A (Form 990 or 990-EZ) Public Charity Status and Public Support Schedule B (Form 990, 990-EZ, or 990-PF) Schedule of Contributors Schedule C (Form 990 or 990-EZ) Political Campaign and Lobbying Activities Schedule D (Form 990) Supplemental Financial Statements Schedule E (Form 990 or 990-EZ) Schools Schedule F (Form 990) Statement of Activities Outside the United States Schedule G (Form 990 or 990-EZ) Supplemental Information Regarding Fundraising or Gaming Activities Schedule H (Form 990) Hospitals Schedule I (Form 990) Grants and Other Assistance to Organizations, Governments, and Individuals in the United States Schedule J (Form 990) Compensation Information Schedule K (Form 990) Supplemental Information on Tax-Exempt Bonds Schedule L (Form 990 or 990-EZ) Transactions With Interested Persons Schedule M (Form 990) Noncash Contributions Schedule N (Form 990 or 990-EZ) Liquidation, Termination, Dissolution, or Significant Disposition of Assets Schedule O (Form 990 or 990-EZ) Supplemental Information to Form 990 Schedule R (Form 990) Related Organizations and Unrelated Partnerships 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 990-BL Information and Initial Excise Tax Return for Black Lung Benefit Trusts and Certain Related Persons 990-T Exempt Organization Business Income Tax Return 990-W Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations 1120-POL U. Filing 2007 tax return late S. Filing 2007 tax return late Income Tax Return for Certain Political Organizations 4720 Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code 5768 Election/Revocation of Election by an Eligible Section 501(c)(3) Organization To Make Expenditures To Influence Legislation 6069 Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction 7004 Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns 8274 Certification by Churches and Qualified Church-Controlled Organizations Electing Exemption from Employer Social Security and Medicare Taxes 8282 Donee Information Return 8300 Report of Cash Payments Over $10,000 Received in a Trade or Business 8453-X Political Organization Declaration for Electronic Filing of Notice of Section 527 Status 8822-B Change of Address-Business 8868 Application for Extension of Time to File an Exempt Organization Return 8870 Information Return for Transfers Associated with Certain Personal Benefits Contracts 8871 Political Organization Notice of Section 527 Status 8872 Political Organization Report of Contributions and Expenditures 8886-T Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction 8899 Notice of Income from Donated Intellectual Property 8940 Request for Miscellaneous Determination See chapter 6 for information about getting these publications and forms. Filing 2007 tax return late Annual Information Returns Every organization exempt from federal income tax under section 501(a) must file an Annual Exempt Organization Return except: A church, an interchurch organization of local units of a church, a convention or association of churches, An integrated auxiliary of a church, A church-affiliated organization that is exclusively engaged in managing funds or maintaining retirement programs, A school below college level affiliated with a church or operated by a religious order, Church-affiliated mission societies if more than half of their activities are conducted in, or are directed at persons in, foreign countries, An exclusively religious activity of any religious order, A state institution, the income of which is excluded from gross income under section 115, A corporation described in section 501(c)(1) that is organized under an Act of Congress, an instrumentality of the United States, and is exempt from Federal income taxes, A stock bonus, pension, or profit-sharing trust that qualifies under section 401 (required to file Form 5500, Annual Return/Report of Employee Benefit Plan), A religious or apostolic organization described in section 501(d) (required to file Form 1065, U. Filing 2007 tax return late S. Filing 2007 tax return late Return of Partnership Income), A governmental unit or an affiliate of a governmental unit that meets the requirements of Revenue Procedure 95-48, 1995-2 C. Filing 2007 tax return late B. Filing 2007 tax return late 418, www. Filing 2007 tax return late irs. Filing 2007 tax return late gov/pub/irs-tege/rp1995-48. Filing 2007 tax return late pdf, A private foundation described in section 501(c)(3) and exempt under section 501(a) (required to file Form 990-PF, Return of Private Foundation), A political organization that is a state or local committee of a political party, a political committee of a state or local candidate, a caucus or association of state or local officials, or required to report under the Federal Election Campaign Act of 1971 as a political committee, An exempt organization (other than a private foundation) that normally has annual gross receipts of $50,000 or less, or A foreign organization, or an organization located in a U. Filing 2007 tax return late S. Filing 2007 tax return late possession, that normally has annual gross receipts from sources within the United States of $50,000 or less. Filing 2007 tax return late Supporting Organization Annual Information Return For tax years ending after August 17, 2006, all section 509(a)(3) supporting organizations are required to file Form 990 or 990-EZ with the IRS regardless of the organization's gross receipts, unless it qualifies as one of the following: An integrated auxiliary of a church; The exclusively religious activities of a religious order; or An organization, the gross receipts of which are normally not more than $5,000, that supports a section 509(a)(3) religious order. Filing 2007 tax return late If the organization is described in item (3) above, then it must submit Form 990-N (e-Postcard) unless it voluntarily files Form 990 or 990-EZ. Filing 2007 tax return late On its annual information return, at Part I, Schedule A (Form 990 or 990-EZ) a supporting organization must: List the section 509(a)(3) organizations to which it provides support, Indicate whether it is a Type I, Type II, or Type III supporting organization, and Certify that the organization is not controlled directly or indirectly by disqualified persons (other than by foundation managers and other than one or more publicly supported organizations). Filing 2007 tax return late Annual Electronic Filing Requirement for Small Tax-Exempt Organizations Small tax-exempt organizations with annual gross receipts normally $50,000 or less must submit Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ, with the IRS each year, if they choose not to file a Form 990 or 990-EZ. Filing 2007 tax return late Form 990-N requires the following information: The organization's legal name, and mailing address; Any name under which it operates and does business; Its Internet website address (if any); Its taxpayer identification number; The name and address of a principal officer; Organization's annual tax period; Verification that the organization's annual gross receipts are normally $50,000 or less; and Notification if the organization has terminated. Filing 2007 tax return late Form 990-N is due by the 15th day of the fifth month after the close of the tax year. Filing 2007 tax return late For tax years beginning after December 31, 2006, any organization that fails to meet its annual reporting requirement for 3 consecutive years will automatically lose its tax-exempt status. Filing 2007 tax return late To regain its exempt status an organization will have to reapply for recognition as a tax-exempt organization. Filing 2007 tax return late Exceptions. Filing 2007 tax return late   This filing requirement does not apply to: Churches, their integrated auxiliaries, and conventions or associations of churches; Organizations that are included in a group return; Private foundations required to file Form 990-PF; and Section 509(a)(3) supporting organizations required to file Form 990 or Form 990-EZ. Filing 2007 tax return late Forms 990 and 990-EZ Exempt organizations, other than private foundations, must file their annual information returns on Form 990 or 990-EZ, unless excepted from filing or allowed to submit Form 990-N, described earlier. Filing 2007 tax return late Generally, political organizations with gross receipts of $25,000 ($100,000 for a qualified state or local political organization (QSLPO)) or more for the tax year are required to file Form 990 or 990-EZ unless specifically excepted from filing the annual return. Filing 2007 tax return late The following political organizations are not required to file Form 990 or Form 990-EZ. Filing 2007 tax return late A state or local committee of a political party. Filing 2007 tax return late A political committee of a state or local candidate. Filing 2007 tax return late A caucus or association of state or local officials. Filing 2007 tax return late A political organization that is required to report as a political committee under the Federal Election Campaign Act. Filing 2007 tax return late A 501(c) organization that has expenditures for influencing or attempting to influence the selection, nomination, election, or appointment of any individual for a federal, state, or local public office. Filing 2007 tax return late Form 990-EZ. Filing 2007 tax return late   This is a shortened version of Form 990. Filing 2007 tax return late It is designed for use by small exempt organizations and nonexempt charitable trusts. Filing 2007 tax return late   Beginning in tax year 2010, an organization can file either Form 990 or 990-EZ if it meets the following: Its gross receipts during the year are less than $200,000. Filing 2007 tax return late Its total assets (line 25, column (B) of Form 990-EZ) at the end of the year are less than $500,000. Filing 2007 tax return late If your organization does not meet either of these conditions, you cannot file Form 990-EZ. Filing 2007 tax return late Instead you must file Form 990. Filing 2007 tax return late Group return. Filing 2007 tax return late   A group return on Form 990 may be filed by a central, parent, or like organization for two or more local organizations, none of which is a private foundation. Filing 2007 tax return late This return is in addition to the central organization's separate annual return if it must file a return. Filing 2007 tax return late It cannot be included in the group return. Filing 2007 tax return late See the instructions for Form 990 for the conditions under which this procedure may be used. Filing 2007 tax return late    In any year that an organization is properly included as a subordinate organization on a group return, it should not file its own Form 990. Filing 2007 tax return late Schedule A (Form 990 or 990-EZ). Filing 2007 tax return late   Organizations, other than private foundations, that are described in section 501(c)(3) and that are otherwise required to file Form 990 or 990-EZ must also complete Schedule A of that form. Filing 2007 tax return late Schedule B (Form 990, Form 990-EZ, or 990-PF). Filing 2007 tax return late   Organizations that file Form 990 or 990-EZ use this schedule to provide required information regarding their contributors. Filing 2007 tax return late Schedule O (Form 990). Filing 2007 tax return late   Organizations that file Form 990 must use this schedule to provide required additional information or if additional space is needed. Filing 2007 tax return late   Other schedules may be required to be filed with Form 990 or 990-EZ. Filing 2007 tax return late See the instructions for Form 990 or the instructions for Form 990-EZ for more information. Filing 2007 tax return late Report significant new or changed program services and changes to organizational documents. Filing 2007 tax return late    An organization should report new significant program services or significant changes in how it conducts program services, and significant changes to its organizational documents, on its Form 990 rather than in a letter to EO Determinations. Filing 2007 tax return late EO Determinations no longer issues letters confirming the tax-exempt status of organizations that report new services or significant changes, or changes to organizational documents. Filing 2007 tax return late See Miscellaneous Rules, Organization Changes and Exempt Status, later. Filing 2007 tax return late Form 990-PF All private foundations exempt under section 501(c)(3) must file Form 990-PF. Filing 2007 tax return late These organizations are discussed in chapter 3. Filing 2007 tax return late Electronic Filing You may be required to file Form 990, Form 990-EZ, or Form 990-PF, and related forms, schedules, and attachments electronically. Filing 2007 tax return late If an organization is required to file a return electronically but does not, the organization is considered to have not filed its return. Filing 2007 tax return late See Regulations section 301. Filing 2007 tax return late 6033-4 for more information. Filing 2007 tax return late The IRS may waive the requirement to file electronically in cases of undue hardship. Filing 2007 tax return late For information on filing a waiver, see Notice 2010-13, 2010-4 I. Filing 2007 tax return late R. Filing 2007 tax return late B. Filing 2007 tax return late 327, available at www. Filing 2007 tax return late irs. Filing 2007 tax return late gov/ir/2010-04_IRSB/ar14. Filing 2007 tax return late html. Filing 2007 tax return late Form 990. Filing 2007 tax return late   An organization is required to file Form 990 electronically if it files at least 250 returns during the calendar year and has total assets of $10 million or more at the end of the tax year. Filing 2007 tax return late Form 990-PF. Filing 2007 tax return late   An organization is required to file Form 990-PF electronically if it files at least 250 returns during the calendar year. Filing 2007 tax return late Due Date Forms 990, 990-EZ, or 990-PF must be filed by the 15th day of the fifth month after the end of your organization's accounting period. Filing 2007 tax return late Thus, for a calendar year taxpayer, Forms 990, 990-EZ, or 990-PF is due May 15 of the following year. Filing 2007 tax return late Extension of time to file. Filing 2007 tax return late   Use Form 8868 to request an automatic 3-month extension of time to file Forms 990, 990-EZ, or 990-PF and also to apply for an additional (not automatic) 3-month extension if needed. Filing 2007 tax return late   Do not apply for both the automatic 3-month extension and the additional 3-month extension at the same time. Filing 2007 tax return late For more information, see Form 8868 and its instructions. Filing 2007 tax return late   When filing Form 8868 for an automatic 3-month extension, neither a signature, nor an explanation is required. Filing 2007 tax return late However, when filing Form 8868 for an additional 3-month extension, both a signature and an explanation are required. Filing 2007 tax return late Application for exemption pending. Filing 2007 tax return late   An organization that claims to be exempt under section 501(a) but has not established its exempt status by the due date for filing an information return must complete and file Form 990, 990-EZ, 990–N or 990-PF (if it considers itself a private foundation), unless the organization is exempt from Form 990-series filing requirements. Filing 2007 tax return late If the organization's application is pending with the IRS, it must so indicate on Forms 990, 990-EZ, or 990-PF (whichever applies) by checking the application pending block at the top of page 1 of the return. Filing 2007 tax return late For more information on the filing requirements, see the Instructions for Forms 990, 990-EZ, and 990-PF. Filing 2007 tax return late State reporting requirements. Filing 2007 tax return late   Copies of Forms 990, 990-EZ, or 990-PF may be used to satisfy state reporting requirements. Filing 2007 tax return late See the instructions for those forms. Filing 2007 tax return late Form 8870. Filing 2007 tax return late   Organizations that filed a Form 990, 990-EZ, or 990-PF, and paid premiums or received transfers on certain life insurance, annuity, and endowment contracts (personal benefit contracts), must file Form 8870. Filing 2007 tax return late For more information, see Form 8870 and the instructions for that form. Filing 2007 tax return late Automatic Revocation If the organization fails to file a Form 990, 990-EZ, or 990-PF, or fails to submit a Form 990-N, as required, for 3 consecutive years, it will automatically lose its tax-exempt status by operation of law. Filing 2007 tax return late The list of organizations whose tax-exempt status has been automatically revoked is available on IRS. Filing 2007 tax return late gov. Filing 2007 tax return late This list (Auto-Revocation List) may be viewed and searched on Exempt Organizations Select Check. Filing 2007 tax return late The Auto-Revocation List includes each organization's name, Employer Identification Number (EIN) and last known address. Filing 2007 tax return late It also includes the effective date of the automatic revocation and the date it was posted to the list. Filing 2007 tax return late The IRS updates the list monthly to include additional organizations that lose their tax-exempt status. Filing 2007 tax return late Tax Effect of Loss of Tax-Exempt Status If your organization’s tax-exempt status is automatically revoked, you may be required to file one of the following federal income tax returns and pay any applicable income taxes: Form 1120, U. Filing 2007 tax return late S. Filing 2007 tax return late Corporation Income Tax Return, due by the 15th day of the 3rd month after the end of your organization’s tax year, or Form 1041, U. Filing 2007 tax return late S. Filing 2007 tax return late Income Tax Return for Estates and Trusts, due by the 15th day of the 4th month after the end of your organization’s tax year. Filing 2007 tax return late In addition, a section 501(c)(3) organization that loses its tax-exempt status cannot receive tax-deductible contributions and will not be identified in the IRS Business Master File extract as eligible to received tax-deductible contributions, or be included in Exempt Organizations Select Check (Pub 78 database). Filing 2007 tax return late An organization whose exemption was automatically revoked must apply for tax exemption in order to regain its tax exemption (even if it was not originally required to apply). Filing 2007 tax return late In some situations, an organization may be able to obtain exemption retroactive to its date of revocation. Filing 2007 tax return late For more information about automatic revocation, go to IRS. Filing 2007 tax return late gov and select Charities & Non-Profits and then select Revoked? Reinstated? Learn More. Filing 2007 tax return late Penalties Penalties for failure to file. Filing 2007 tax return late   Generally, an exempt organization that fails to file a required return must pay a penalty of $20 a day for each day the failure continues. Filing 2007 tax return late The same penalty will apply if the organization does not give all the information required on the return or does not give the correct information. Filing 2007 tax return late Maximum penalty. Filing 2007 tax return late   The maximum penalty for any one return is the smaller of $10,000 or 5% of the organization's gross receipts for the year. Filing 2007 tax return late Organization with gross receipts over $1 million. Filing 2007 tax return late   For an organization that has gross receipts of over $1 million for the year, the penalty is $100 a day up to a maximum of $50,000. Filing 2007 tax return late Managers. Filing 2007 tax return late   If the organization is subject to this penalty, the IRS may specify a date by which the return or correct information must be supplied by the organization. Filing 2007 tax return late Failure to comply with this demand will result in a penalty imposed upon the manager of the organization, or upon any other person responsible for filing a correct return. Filing 2007 tax return late The penalty is $10 a day for each day that a return is not filed after the period given for filing. Filing 2007 tax return late The maximum penalty imposed on all persons with respect to any one return is $5,000. Filing 2007 tax return late Exception for reasonable cause. Filing 2007 tax return late   No penalty will be imposed if reasonable cause for failure to file timely can be shown. Filing 2007 tax return late Unrelated Business Income Tax Return Even though your organization is recognized as tax exempt, it still may be liable for tax on its unrelated business income. Filing 2007 tax return late Unrelated business income is income from a trade or business, regularly carried on, that is not substantially related to the charitable, educational, or other purpose that is the basis for the organization's exemption. Filing 2007 tax return late If your organization has $1,000 or more of unrelated business income, you must file Form 990-T in addition to your required annual information return. Filing 2007 tax return late Estimated tax. Filing 2007 tax return late   Quarterly estimated tax payments are due if your organization expects to owe $500 or more in tax including unrelated business income. Filing 2007 tax return late Use Form 990-W to figure your organization's estimated tax payments. Filing 2007 tax return late Travel tour programs. Filing 2007 tax return late   Travel tour activities that are a trade or business are an unrelated trade or business if the activities are not substantially related to the purpose to which tax exemption was granted to the organization. Filing 2007 tax return late   Whether travel tour activities conducted by an organization are substantially related to the organization's tax exempt purpose is determined by looking at all the relevant facts and circumstances, including, but not limited to, how a travel tour is developed, promoted, and operated. Filing 2007 tax return late Example. Filing 2007 tax return late ABC, a university alumni association, is tax exempt as an educational organization under section 501(c)(3). Filing 2007 tax return late As part of its activities, ABC operates a travel tour program. Filing 2007 tax return late The program is open to all current members of ABC and their guests. Filing 2007 tax return late ABC works with travel agents to schedule approximately ten tours annually to various destinations around the world. Filing 2007 tax return late Members of ABC pay $1,000 to XYZ Travel Agency to participate in a tour. Filing 2007 tax return late XYZ pays ABC a per person fee for each participant. Filing 2007 tax return late Although the literature advertising the tours encourages ABC members to continue their lifelong learning by joining the tours, and a faculty member of ABC's related university frequently joins the tour as a guest of the alumni association, none of the tours include any scheduled instruction or curriculum related to the destinations being visited. Filing 2007 tax return late The travel tours made available to ABC's members do not contribute importantly to the accomplishment of ABC's educational purpose. Filing 2007 tax return late Rather, ABC's program is designed to generate revenues for ABC by regularly offering its members travel services. Filing 2007 tax return late Therefore, ABC's tour program is an unrelated trade or business. Filing 2007 tax return late For additional information on unrelated business income, see Publication 598 and the Instructions for Form 990-T. Filing 2007 tax return late Employment Tax Returns Every employer, including an organization exempt from federal income tax, who pays wages to employees is responsible for withholding, depositing, paying, and reporting federal income tax, social security and Medicare (FICA) taxes, and federal unemployment tax (FUTA), unless that employer is specifically excepted by law from those requirements, or if the taxes clearly do not apply. Filing 2007 tax return late For more information, obtain a copy of Publication 15, which summarizes the responsibilities of an employer, Publication 15-A, Publication 15-B, and Form 941. Filing 2007 tax return late Small Business Health Care Tax Credit. Filing 2007 tax return late   If your small tax-exempt organization provides health care coverage for your workers you may qualify for the small business health care tax credit. Filing 2007 tax return late Go to IRS. Filing 2007 tax return late gov and select Affordable Care Act Tax Provisions for more details. Filing 2007 tax return late See Small Business Health Care Tax Credit at www. Filing 2007 tax return late irs. Filing 2007 tax return late gov/newsroom/article/0,,id=223666,00. Filing 2007 tax return late html. Filing 2007 tax return late Expanded Work Opportunity Tax Credit Available for Hiring Qualified Veterans. Filing 2007 tax return late   The VOW to Hire Heroes Act of 2011 made changes to the Work Opportunity Tax Credit (WOTC). Filing 2007 tax return late The Act added two new categories to the existing qualified veteran targeted group and made the WOTC available to certain tax-exempt employers as a credit against the employer's share of social security tax. Filing 2007 tax return late The Act allows employers to claim the WOTC for veterans certified as qualified veterans and who begin work before January 1, 2013. Filing 2007 tax return late This tax credit was extended through December 31, 2013, under the American Taxpayer Relief Act, passed on January 1, 2013. Filing 2007 tax return late   The credit can be as high as $6,240 for qualified tax-exempt organizations. Filing 2007 tax return late The amount of the credit depends on a number of factors, including the length of the veteran’s unemployment before hire, the number of hours the veteran works, and the veteran’s first-year wages. Filing 2007 tax return late The amount of the credit for qualified tax-exempt organizations may not exceed the organization's employer social security tax for the period for which the credit is claimed. Filing 2007 tax return late   All employers must obtain certification that an individual is a member of the targeted group, before the employer may claim the credit. Filing 2007 tax return late The process for certifying veterans for this credit is the same for all employers. Filing 2007 tax return late For more information, see Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit and the instructions to Form 8850. Filing 2007 tax return late Notice 2012-13, 2012-9 I. Filing 2007 tax return late R. Filing 2007 tax return late B. Filing 2007 tax return late 421, also provides additional guidance on submission Form 8850. Filing 2007 tax return late   Organizations described in section 501(c) and exempt from taxation under section 501(a) may claim the credit for qualified veterans who begin work on or after Nov. Filing 2007 tax return late 22, 2011, and before January 1, 2013. Filing 2007 tax return late After the required certification is secured, tax-exempt employers claim the credit against the employer social security tax by separately filing Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans, Form 5884-C. Filing 2007 tax return late File Form 5884-C after filing the related employment tax return for the employment tax period for which the credit is claimed. Filing 2007 tax return late It is recommended that qualified tax-exempt employers do not reduce their required deposits in anticipation of any credit as the forms are processed separately. Filing 2007 tax return late In addition to Form 5884-C and its instructions, tax-exempt employers should see Notice 2012-13 and the Frequently Asked Questions & Answers for more details for claiming the credit. Filing 2007 tax return late Trust fund recovery penalty. Filing 2007 tax return late   If any person required to collect, truthfully account for, and pay over any of these taxes willfully fails to satisfy any of these requirements or willfully tries in any way to evade or defeat any of them, that person will be subject to a penalty. Filing 2007 tax return late The penalty is equal to the tax evaded, not collected, or not accounted for and paid over. Filing 2007 tax return late The term person includes: An officer or employee of a corporation, or A member or employee of a partnership. Filing 2007 tax return late Exception. Filing 2007 tax return late   The penalty is not imposed on any unpaid volunteer director or member of a board of trustees of an exempt organization if the unpaid volunteer serves solely in an honorary capacity, does not participate in the day-to-day or financial operations of the organization, and does not have actual knowledge of the failure on which the penalty is imposed. Filing 2007 tax return late   This exception does not apply if it results in no one being liable for the penalty. Filing 2007 tax return late FICA and FUTA tax exceptions. Filing 2007 tax return late   Payments for services performed by a minister of a church in the exercise of the ministry, or a member of a religious order performing duties required by the order, are generally not subject to FICA or FUTA taxes. Filing 2007 tax return late FUTA tax exception. Filing 2007 tax return late   Payments for services performed by an employee of a religious, charitable, educational, or other organization described in section 501(c)(3) that are generally subject to FICA taxes if the payments are $100 or more for the year, are not subject to FUTA taxes. Filing 2007 tax return late FICA tax exemption election. Filing 2007 tax return late   Churches and qualified church-controlled organizations can elect exemption from employer FICA taxes by filing Form 8274. Filing 2007 tax return late   To elect the exemption, Form 8274 must be filed before the first date on which a quarterly employment tax return would otherwise be due from the electing organization. Filing 2007 tax return late The organization can make the election only if it is opposed for religious reasons to the payment of FICA taxes. Filing 2007 tax return late   The election applies to payments for services of current and future employees other than services performed in an unrelated trade or business. Filing 2007 tax return late Revoking the election. Filing 2007 tax return late   The election can be revoked by the IRS if the organization fails to file Form W-2, Wage and Tax Statement, for 2 years and fails to furnish certain information upon request by the IRS. Filing 2007 tax return late Such revocation will apply retroactively to the beginning of the 2-year period. Filing 2007 tax return late Definitions. Filing 2007 tax return late   For purposes of this election, the term church means a church, a convention or association of churches, or an elementary or secondary school that is controlled, operated, or principally supported by a church or by a convention or association of churches. Filing 2007 tax return late   The term qualified church-controlled organization means any church-controlled section 501(c)(3) tax-exempt organization, other than an organization that both: Offers goods, services, or facilities for sale, other than on an incidental basis, to the general public at other than a nominal charge that is substantially less than the cost of providing such goods, services, or facilities, and Normally receives more than 25% of its support from the sum of governmental sources and receipts from admissions, sales of merchandise, performance of services, or furnishing of facilities, in activities that are not unrelated trades or businesses. Filing 2007 tax return late Effect on employees. Filing 2007 tax return late   If a church or qualified church-controlled organization has made an election, payment for services performed for that church or organization, other than in an unrelated trade or business, will not be subject to FICA taxes. Filing 2007 tax return late However, the employee, unless otherwise exempt, will be subject to self-employment tax on the income. Filing 2007 tax return late The tax applies to income of $108. Filing 2007 tax return late 28 or more for the tax year from that church or organization, and no deductions for trade or business expenses are allowed against this self-employment income. Filing 2007 tax return late   Schedule SE (Form 1040), Self-Employment Tax, should be attached to the employee's income tax return. Filing 2007 tax return late Political Organization Income Tax Return Generally, a political organization is treated as an organization exempt from tax. Filing 2007 tax return late Certain political organizations, however, must file an annual income tax return, Form 1120-POL, U. Filing 2007 tax return late S. Filing 2007 tax return late Income Tax Return for Certain Political Organizations, for any year they have political organization taxable income in excess of the $100 specific deduction allowed under section 527. Filing 2007 tax return late A political organization that has $25,000 ($100,000 for a qualified state or local political organization) or more in gross receipts for the tax year must file Form 990 or Form 990-EZ (and Schedule B of the form), unless excepted. Filing 2007 tax return late See Forms 990 and 990-EZ , earlier. Filing 2007 tax return late Political organization. Filing 2007 tax return late   A political organization is a party, committee, association, fund, or other organization (whether or not incorporated) organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function. Filing 2007 tax return late Exempt function. Filing 2007 tax return late   An exempt function means influencing or attempting to influence the selection, nomination, election, or appointment of any individual to any federal, state, local public office or office in a political organization, or the election of the Presidential or Vice Presidential electors, whether or not such individual or electors are selected, nominated, elected, or appointed. Filing 2007 tax return late It also includes certain office expenses of a holder of public office or an office in a political organization. Filing 2007 tax return late Certain political organizations are required to notify the IRS that they are section 527 organizations. Filing 2007 tax return late These organizations must use Form 8871. Filing 2007 tax return late Some of these section 527 organizations must use Form 8872 to file periodic reports with the IRS disclosing their contributions and expenditures. Filing 2007 tax return late For a discussion on these forms, see Reporting Requirements for a Political Organization, later. Filing 2007 tax return late Political organization taxable income. Filing 2007 tax return late   Political organization taxable income is the excess of: Gross income for the tax year (excluding exempt function income) minus Deductions directly connected with the earning of gross income. Filing 2007 tax return late To figure taxable income, allow for a $100 specific deduction, but do not allow for the net operating loss deduction, the dividends-received deduction, and other special deductions for corporations. Filing 2007 tax return late Exempt organization not a political organization. Filing 2007 tax return late   An organization exempt under section 501(c) that spends any amount for an exempt function must file Form 1120-POL for any year which it has political taxable income. Filing 2007 tax return late These organizations must include in gross income the lesser of: The total amount of its exempt function expenditures, or The organization's net investment income. Filing 2007 tax return late Separate fund. Filing 2007 tax return late   A section 501(c) organization can set up a separate segregated fund that will be treated as an independent political organization. Filing 2007 tax return late The earnings and expenditures made by the separate fund will not be attributed to the section 501(c) organization. Filing 2007 tax return late Section 501(c)(3) organizations are precluded from, and may suffer loss of exemption for, engaging in any political campaign on behalf of, or in opposition to, any candidate for public office. Filing 2007 tax return late Due date. Filing 2007 tax return late   Form 1120-POL is due by the 15th day of the 3rd month after the end of the tax year. Filing 2007 tax return late Thus, for a calendar year taxpayer, Form 1120-POL is due on March 15 of the following year. Filing 2007 tax return late If any due date falls on a Saturday, Sunday, or legal holiday, the organization can file the return on the next business day. Filing 2007 tax return late    Form 1120-POL is not required of an exempt organization that makes expenditures for political purposes if its gross income does not exceed its directly connected deductions by more than $100 for the tax year. Filing 2007 tax return late Extension of time to file. Filing 2007 tax return late    Use Form 7004 to request an automatic 6-month extension of time to file Form 1120-POL. Filing 2007 tax return late The extension will be granted if you complete Form 7004 properly, make a proper estimate of the tax (if applicable), file Form 1120-POL by the due date, and pay any tax due. Filing 2007 tax return late Failure to file. Filing 2007 tax return late   A political organization that fails to file Form 1120-POL is subject to a penalty equal to 5% of the tax due for each month (or partial month) the return is late up to a maximum of 25% of the tax due, unless the organization shows the failure was due to reasonable cause. Filing 2007 tax return late For more information about filing Form 1120-POL, refer to the instructions accompanying the form. Filing 2007 tax return late Failure to pay on time. Filing 2007 tax return late   An organization that does not pay the tax when due generally may have to pay a penalty of 1/2 of 1% of the unpaid tax for each month or part of a month the tax is not paid, up to a maximum of 25% of the unpaid tax. Filing 2007 tax return late The penalty will not be imposed if the organization can show that the failure to pay on time was due to reasonable cause. Filing 2007 tax return late Reporting Requirements for a Political Organization Certain political organizations are required to notify the IRS that the organization is to be treated as a section 527 political organization. Filing 2007 tax return late The organization is also required to periodically report certain contributions received and expenditures made by the organization. Filing 2007 tax return late To notify the IRS of section 527 treatment, an organization must file Form 8871. Filing 2007 tax return late To report contributions and expenditures, certain tax-exempt political organizations must file Form 8872. Filing 2007 tax return late Form 8871 A political organization must electronically file Form 8871 to notify the IRS that it is to be treated as a section 527 organization. Filing 2007 tax return late However, an organization is not required to file Form 8871 if: It reasonably expects its annual gross receipts to always be less than $25,000. Filing 2007 tax return late It is a political committee required to report under the Federal Election Campaign Act of 1971 (FECA) (2 U. Filing 2007 tax return late S. Filing 2007 tax return late C. Filing 2007 tax return late 431(4)). Filing 2007 tax return late It is a state or local candidate committee. Filing 2007 tax return late It is a state or local committee of a political party. Filing 2007 tax return late It is a section 501(c) organization that has made an “exempt function expenditure. Filing 2007 tax return late ” All other political organizations are required to file Form 8871. Filing 2007 tax return late An organization must provide on Form 8871: Its name and address (including any business address, if different) and its electronic mailing address; Its purpose; The names and addresses of its officers, highly compensated employees, contact person, custodian of records, and members of its board of directors; The name and address of, and relationship to, any related entities (within the meaning of section 168(h)(4)); and Whether it intends to claim an exemption from filing Form 8872, Form 990, or Form 990-EZ. Filing 2007 tax return late Employer identification number. Filing 2007 tax return late   If your organization needs an EIN, you can apply for one: Online—Click on the Employer ID Numbers (EINs) link at www. Filing 2007 tax return late IRS. Filing 2007 tax return late gov/businesses/small. Filing 2007 tax return late By telephone at 1-800-829-4933 from 7:00 a. Filing 2007 tax return late m. Filing 2007 tax return late to 10:00 p. Filing 2007 tax return late m. Filing 2007 tax return late in the organization's local time zone. Filing 2007 tax return late By mailing or faxing Form SS-4. Filing 2007 tax return late   If you previously applied for an EIN and have not yet received it, or you are unsure whether you have an EIN, please call our toll-free customer account services number, 1-877-829-5500, for assistance. Filing 2007 tax return late Due dates. Filing 2007 tax return late   The initial Form 8871 must be filed within 24 hours of the date on which the organization was established. Filing 2007 tax return late If there is a material change, an amended Form 8871 must be filed within 30 days of the material change. Filing 2007 tax return late When the organization terminates its existence, it must file a final Form 8871 within 30 days of termination. Filing 2007 tax return late   If the due date falls on a Saturday, Sunday, or legal holiday, the organization can file on the next business day. Filing 2007 tax return late How to file. Filing 2007 tax return late   An organization must file Form 8871 electronically via the IRS Internet website at www. Filing 2007 tax return late IRS. Filing 2007 tax return late gov/polorgs (Keyword: political orgs). Filing 2007 tax return late Form 8453-X, Political Organization Declaration for Electronic Filing of Notice of Section 527 Status. Filing 2007 tax return late   After electronically submitting Form 8871, the political organization must print, sign, and mail Form 8453-X to the IRS. Filing 2007 tax return late Upon receipt of the Form 8453-X, the IRS will send the organization a username and password that must be used to file an amended or final Form 8871 or to electronically file Form 8872. Filing 2007 tax return late Penalties Failure to file. Filing 2007 tax return late   An organization that is required to file Form 8871, but fails to do so on a timely basis, will not be treated as a tax-exempt section 527 organization for any period before the date Form 8871 is filed. Filing 2007 tax return late Also, the taxable income of the organization for that period will include its exempt function income (including contributions received, membership dues, and political fundraising receipts) minus any deductions directly connected with the production of that income. Filing 2007 tax return late   Failure to file an amended Form 8871 will cause the organization not to be treated as a tax-exempt section 527 organization. Filing 2007 tax return late If an organization is treated as not being a tax-exempt section 527 organization, the taxable income of the organization will be determined by considering any exempt function income and deductions during the period beginning on the date of the material change and ending on the date that the amended Form 8871 is filed. Filing 2007 tax return late    The tax is computed by multiplying the organization's taxable income by the highest corporate tax rate. Filing 2007 tax return late Fraudulent returns. Filing 2007 tax return late   Any individual or corporation that willfully delivers or discloses to the IRS any list, return, account, statement or other document known to be fraudulent or false as to any material matter will be fined not more than $10,000 ($50,000 in the case of a corporation) or imprisoned for not more than 1 year or both. Filing 2007 tax return late Waiver of penalties. Filing 2007 tax return late   The IRS may waive any additional tax assessed on an organization for failure to file Form 8871 if the failure was due to reasonable cause and not willful neglect. Filing 2007 tax return late Additional information. Filing 2007 tax return late   For more information on Form 8871, see the form and its instructions. Filing 2007 tax return late For a discussion on the public inspection requirements for the form, see Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms , later. Filing 2007 tax return late Form 8872 Every tax-exempt section 527 political organization that accepts a contribution or makes an expenditure, for an exempt function during the calendar year, must file Form 8872 except: A political organization that is not required to file Form 8871 (discussed earlier). Filing 2007 tax return late A political organization that is subject to tax on its income because it did not file or amend Form 8871. Filing 2007 tax return late A qualified state or local political organization (QSLPO), discussed below. Filing 2007 tax return late All other tax-exempt section 527 organizations that accept contributions or make expenditures for an exempt function are required to file Form 8872. Filing 2007 tax return late Qualified state or local political organization. Filing 2007 tax return late   A state or local political organization may be a QSLPO if: All of its political activities relate solely to state or local public office (or office in a state or local political organization). Filing 2007 tax return late It is subject to a state law that requires it to report (and it does report) to a state agency information about contributions and expenditures that is similar to the information that the organization would otherwise be required to report to the IRS. Filing 2007 tax return late The state agency and the organization make the reports publicly available. Filing 2007 tax return late No federal candidate or office holder: Controls or materially participates in the direction of the organization, Solicits contributions for the organization, or Directs the disbursements of the organization. Filing 2007 tax return late Information required on Form 8872. Filing 2007 tax return late   If an organization pays an individual $500 or more for the calendar year, the organization is required to disclose the individual's name, address, occupation, employer, amount of the expense, the date the expense was paid, and the purpose of the expense on Form 8872. Filing 2007 tax return late   If an organization receives contributions of $200 or more from one contributor for the calendar year, the organization must disclose the donor's name, address, occupation, employer, and the date the contributions were made. Filing 2007 tax return late   For additional information that is required, see Form 8872. Filing 2007 tax return late Due dates. Filing 2007 tax return late   The due dates for filing Form 8872 vary depending on whether the form is due for a reporting period that occurs during a calendar year in which a regularly scheduled election is held, or any other calendar year (a nonelection year). Filing 2007 tax return late   If the due date falls on a Saturday, Sunday, or legal holiday, the organization can file on the next business day. Filing 2007 tax return late Election year filing. Filing 2007 tax return late    In election years, Form 8872 must be filed on either a quarterly or a monthly basis. Filing 2007 tax return late Both a pre-election report and a post-election report are also required to be filed in an election year. Filing 2007 tax return late An election year is any year in which a regularly scheduled general election for federal office is held (an even-numbered year). Filing 2007 tax return late Nonelection year filing. Filing 2007 tax return late    In nonelection years, the form must be filed on a semiannual or monthly basis. Filing 2007 tax return late A complete listing of these filing periods are in the Form 8872 Instructions. Filing 2007 tax return late A nonelection year is any odd-numbered year. Filing 2007 tax return late How to file. Filing 2007 tax return late   Form 8872 can be filed either electronically or by mail. Filing 2007 tax return late However, organizations that have, or expect to have, contributions or expenditures of $50,000 or more for the year must file electronically. Filing 2007 tax return late    To file by mail, send Form 8872 to the:   Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0027 Electronic filing. Filing 2007 tax return late   File electronically via the IRS internet website at www. Filing 2007 tax return late IRS. Filing 2007 tax return late gov/polorgs. Filing 2007 tax return late You will need a user ID and password to electronically file Form 8872. Filing 2007 tax return late Organizations that have completed the electronic filing of Form 8871 and submitted a completed and signed Form 8453-X will receive a username and password in the mail. Filing 2007 tax return late   Organizations that have completed the electronic filing of Form 8871, but have not received their user ID and password can request one by writing to the following address: Internal Revenue Service Attn: Request for 8872 Password Mail Stop 6273 Ogden, UT 84201 Lost username and password. Filing 2007 tax return late   If you have forgotten or misplaced the username and password issued to your organization after you filed your initial Form 8871, send a letter requesting a new username and password to the address under Electronic filing. Filing 2007 tax return late You can also fax your request to (801) 620-3249. Filing 2007 tax return late It may take 3-6 weeks for your new username and password to arrive, as they will be mailed to the organization. Filing 2007 tax return late Penalty A penalty will be imposed if the organization is required to file Form 8872 and it: Fails to file the form by the due date, or Files the form but fails to report all of the information required or reports incorrect information. Filing 2007 tax return late The penalty is 35% of the total amount of contributions and expenditures to which a failure relates. Filing 2007 tax return late Fraudulent returns. Filing 2007 tax return late   Any individual or corporation that willfully delivers or discloses any list, return, account, statement, or other document known to be fraudulent or false as to any material matter will be fined not more than $10,000 ($50,000 in the case of a corporation), or imprisoned for not more than 1 year, or both. Filing 2007 tax return late Waiver of penalties. Filing 2007 tax return late   The IRS may waive any additional tax assessed on an organization for failure to file Form 8872 if the failure was due to reasonable cause and not willful neglect. Filing 2007 tax return late Donee Information Return Dispositions of donated property. Filing 2007 tax return late   If an organization receives charitable deduction property and within three years sells, exchanges, or otherwise disposes of the property, the organization must file Form 8282, Donee Information Return. Filing 2007 tax return late However, an organization is not required to file Form 8282 if: The property is valued at $500 or less, or The property is consumed or distributed for charitable purposes. Filing 2007 tax return late   Form 8282 must be filed with the IRS within 125 days after the disposition. Filing 2007 tax return late Additionally, a copy of Form 8282 must be given to the donor. Filing 2007 tax return late If the organization fails to file the required information return, penalties may apply. Filing 2007 tax return late Charitable deduction property. Filing 2007 tax return late   This is any property (other than money or publicly traded securities) for which the donee organization signed an appraisal summary or Form 8283, Noncash Charitable Contributions. Filing 2007 tax return late Publicly traded securities. Filing 2007 tax return late   These are securities for which market quotations are readily available on an established securities market as of the date of the contribution. Filing 2007 tax return late Appraisal summary. Filing 2007 tax return late   If the value of the donated property exceeds $5,000, the donor must get a qualified appraisal for contributions of property, see the Exceptions. Filing 2007 tax return late below. Filing 2007 tax return late Exceptions. Filing 2007 tax return late   A written appraisal is not needed if the property is: Nonpublicly traded stock of $10,000 or less, A vehicle (including a car, boat, or airplane), if your deduction for the vehicle is limited to the gross proceeds from its sale, Intellectual property, Certain securities considered to have market quotations readily available (see Regulations section 1. Filing 2007 tax return late 170A-13(c)(7)(xi)(B)), Inventory and other property donated by a corporation that are qualified contributions for the care of the ill, the needy, or infants, within the meaning of section 170(e)(3)(A), or Any donation of stock in trade, inventory, or property held primarily for sale to customers in the ordinary course of your trade or business. Filing 2007 tax return late   The donee organization is not a qualified appraiser for the purpose of valuing the donated property. Filing 2007 tax return late For more information, get Publication 561, Determining the Value of Donated Property. Filing 2007 tax return late Form 8283. Filing 2007 tax return late   For noncash donations over $5,000, the donor must attach Form 8283 to the tax return to support the charitable deduction. Filing 2007 tax return late The donee must sign Part IV of Section B, Form 8283 unless publicly traded securities are donated. Filing 2007 tax return late The person who signs for the donee must be an official authorized to sign the donee's tax or information returns, or a person specifically authorized to sign by that official. Filing 2007 tax return late The signature does not represent concurrence in the appraised value of the contributed property. Filing 2007 tax return late A signed acknowledgment represents receipt of the property described on Form 8283 on the date specified on the form. Filing 2007 tax return late The signature also indicates knowledge of the information reporting requirements on dispositions, as previously discussed. Filing 2007 tax return late A copy of Form 8283 must be given to the donee. Filing 2007 tax return late Information Provided to Donors In some situations, a donor must obtain certain information from a donee organization to obtain a deduction for a charitable contribution. Filing 2007 tax return late In other situations, the donee organization is required to provide information to the donor. Filing 2007 tax return late A charitable organization must give a donor a disclosure statement for a quid pro quo contribution over $75. Filing 2007 tax return late (See Disclosure statement. Filing 2007 tax return late later. Filing 2007 tax return late ) This is a payment a donor makes to a charity partly as a contribution and partly for goods or services. Filing 2007 tax return late See Quid pro quo contribution below for an example. Filing 2007 tax return late Failure to make the required disclosure may result in a penalty to the organization. Filing 2007 tax return late A donor cannot deduct a charitable contribution of $250 or more unless the donor has a written acknowledgment from the charitable organization. Filing 2007 tax return late In certain circumstances, an organization may be able to meet both of these requirements with the same written document. Filing 2007 tax return late Disclosure of Quid Pro Quo Contributions A charitable organization must provide a written disclosure statement to donors of a quid pro quo contribution over $75. Filing 2007 tax return late Quid pro quo contribution. Filing 2007 tax return late   A contribution made by a donor in exchange for goods or services is known as a quid pro quo contribution. Filing 2007 tax return late Your charitable organization must provide the donor a written statement informing the donor of the fair market value of the items or services it provided in exchange for the contribution. Filing 2007 tax return late Generally, a written statement is required for each payment, whenever the contribution portion is over $75. Filing 2007 tax return late Example. Filing 2007 tax return late If a donor gives your charity $100 and receives a concert ticket valued at $40, the donor has made a quid pro quo contribution. Filing 2007 tax return late In this example, the charitable part of the payment is $60. Filing 2007 tax return late Even though the deductible part of the payment is not more than $75, a written statement must be filed because the total payment is more than $75. Filing 2007 tax return late If your organization fails to disclose quid pro quo contributions, the organization may be subject to a penalty. Filing 2007 tax return late Disclosure statement. Filing 2007 tax return late   The required written disclosure statement must: Inform the donor that the amount of the contribution that is deductible for federal income tax purposes is limited to the excess of any money (and the value of any property other than money) contributed by the donor over the fair market value of goods or services provided by the charity, and Provide the donor with a good faith estimate of the fair market value of the goods or services that the donor received. Filing 2007 tax return late The charity must furnish the statement in connection with either the solicitation or the receipt of the quid pro quo contribution. Filing 2007 tax return late If the disclosure statement is furnished in connection with a particular solicitation, it is not necessary for the organization to provide another statement when it actually receives the contribution. Filing 2007 tax return late   No disclosure statement is required if any of the following are true. Filing 2007 tax return late The goods or services given to a donor have insubstantial value as described in Revenue Procedure 90-12, 1990-1 C. Filing 2007 tax return late B. Filing 2007 tax return late 471, Revenue Procedure 90-12, and Revenue Procedure 92-49, 1992-1 C. Filing 2007 tax return late B. Filing 2007 tax return late 507 (as adjusted for inflation), Revenue Procedure 92-49. Filing 2007 tax return late There is no donative element involved in a particular transaction with a charity (for example, there is generally no donative element involved in a visitor's purchase from a museum gift shop). Filing 2007 tax return late There is only an intangible religious benefit provided to the donor. Filing 2007 tax return late The intangible religious benefit must be provided to the donor by an organization organized exclusively for religious purposes, and must be of a type that generally is not sold in a commercial transaction outside the donative context. Filing 2007 tax return late For example, a donor who, for a payment, is granted admission to a religious ceremony for which there is no admission charge is provided an intangible religious benefit. Filing 2007 tax return late A donor is not provided intangible religious benefits for payments made for tuition for education leading to a recognized degree, travel services, or consumer goods. Filing 2007 tax return late The donor makes a payment of $75 or less per year and receives only annual membership benefits that consist of: Any rights or privileges (other than the right to purchase tickets for college athletic events) that the taxpayer can exercise often during the membership period, such as free or discounted admissions or parking or preferred access to goods or services, or Admission to events that are open only to members and the cost per person of which is within the limits for low-cost articles described in Revenue Procedure 90-12 (as adjusted for inflation), Revenue Procedure 90-12. Filing 2007 tax return late Good faith estimate of fair market value (FMV). Filing 2007 tax return late   An organization can use any reasonable method to estimate the FMV of goods or services it provided to a donor, as long as it applies the method in good faith. Filing 2007 tax return late   The organization can estimate the FMV of goods or services that generally are not commercially available by using the FMV of similar or comparable goods or services. Filing 2007 tax return late Goods or services may be similar or comparable even if they do not have the unique qualities of the goods or services being valued. Filing 2007 tax return late Example 1. Filing 2007 tax return late A charity provides a 1-hour tennis lesson with a tennis professional for the first $500 payment it receives. Filing 2007 tax return late The tennis professional provides 1-hour lessons on a commercial basis for $100. Filing 2007 tax return late A good faith estimate of the lesson's FMV is $100. Filing 2007 tax return late Example 2. Filing 2007 tax return late For a payment of $50,000, a museum allows a donor to hold a private event in a room of the museum. Filing 2007 tax return late A good faith estimate of the FMV of the right to hold the event in the museum can be made by using the cost of renting a hotel ballroom with a capacity, amenities, and atmosphere comparable to the museum room, even though the hotel ballroom lacks the unique art displayed in the museum room. Filing 2007 tax return late If the hotel ballroom rents for $2,500, a good faith estimate of the FMV of the right to hold the event in the museum is $2,500. Filing 2007 tax return late Example 3. Filing 2007 tax return late For a payment of $1,000, a charity provides an evening tour of a museum conducted by a well-known artist. Filing 2007 tax return late The artist does not provide tours on a commercial basis. Filing 2007 tax return late Tours of the museum normally are free to the public. Filing 2007 tax return late A good faith estimate of the FMV of the evening museum tour is $0 even though it is conducted by the artist. Filing 2007 tax return late Penalty for failure to disclose. Filing 2007 tax return late   A penalty is imposed on a charity that does not make the required disclosure of a quid pro quo contribution of more than $75. Filing 2007 tax return late The penalty is $10 per contribution, not to exceed $5,000 per fundraising event or mailing. Filing 2007 tax return late The charity can avoid the penalty if it can show that the failure was due to reasonable cause. Filing 2007 tax return late Acknowledgment of Charitable Contributions of $250 or More A donor can deduct a charitable contribution of $250 or more only if the donor has a written acknowledgment from the charitable organization. Filing 2007 tax return late The donor must get the acknowledgment by the earlier of: The date the donor files the original return for the year the contribution is made, or The due date, including extensions, for filing the return. Filing 2007 tax return late The donor is responsible for requesting and obtaining the written acknowledgment from the donee. Filing 2007 tax return late A charitable organization that receives a payment made as a contribution is treated as the donee organization for this purpose even if the organization (according to the donor's instructions or otherwise) distributes the amount received to one or more charities. Filing 2007 tax return late Quid pro quo contribution. Filing 2007 tax return late   If the donee provides goods or services to the donor in exchange for the contribution (a quid pro quo contribution), the acknowledgment must include a good faith estimate of the value of the goods or services. Filing 2007 tax return late See Disclosure of Quid Pro Quo Contributions earlier. Filing 2007 tax return late Form of acknowledgment. Filing 2007 tax return late   Although there is no prescribed format for the written acknowledgment, it must provide enough information to substantiate the amount of the contribution. Filing 2007 tax return late For more information, see IRS Publication 1771, Charitable Contributions – Substantiation and Disclosure Requirements. Filing 2007 tax return late Cash contributions. Filing 2007 tax return late   To deduct a contribution of cash, a check, or other monetary gift (regardless of the amount), a donor must maintain a bank record or a written communication from the donee organization showing the donee's name, date, and amount of the contribution. Filing 2007 tax return late In the case of a lump-sum contribution (rather than a contribution by payroll deduction) made through the Combined Federal Campaign or a similar program such as a United Way Campaign, the written communication must include the name of the donee organization that is the ultimate recipient of the charitable contribution. Filing 2007 tax return late Contributions by payroll deduction. Filing 2007 tax return late   An organization may substantiate an employee's contribution by deduction from its payroll by: A pay stub, Form W-2, or other document showing a contribution to a donee organization, together with A pledge card or other document from the donee organization that shows its name. Filing 2007 tax return late   For contributions of $250 or more, the document must state that the donee organization provides no goods or services for any payroll contributions. Filing 2007 tax return late The amount withheld from each payment of wages to a taxpayer is treated as a separate contribution. Filing 2007 tax return late Acknowledgment of Vehicle Contribution If an exempt organization receives a contribution of a qualified vehicle with a claimed value of more than $500, the donee organization is required to provide a contemporaneous written acknowledgment to the donor. Filing 2007 tax return late The donee organization can use a completed Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, for the contemporaneous written acknowledgment. Filing 2007 tax return late See section 3. Filing 2007 tax return late 03 of Notice 2005-44 for guidance on the information that must be included in a contemporaneous written acknowledgment and the deadline for furnishing the acknowledgment to the donor. Filing 2007 tax return late Any donee organization that provides a contemporaneous written acknowledgment to a donor is required to report to the IRS the information contained in the acknowledgment. Filing 2007 tax return late The report is due by February 28 (March 31 if filing electronically) of the year following the year in which the donee organization provides the acknowledgment to the donor. Filing 2007 tax return late The organization must file the report on Copy A of Form 1098-C. Filing 2007 tax return late An organization that files Form 1098-C on paper should send it with Form 1096, Annual Summary and Transmittal of U. Filing 2007 tax return late S. Filing 2007 tax return late Information Returns. Filing 2007 tax return late See the Instructions for Form 1096 for the correct filing location. Filing 2007 tax return late An organization that is required to file 250 or more Forms 1098-C during the calendar year must file the forms electronically or magnetically. Filing 2007 tax return late Specifications for filing Form 1098-C electronically or magnetically can be found in Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically at www. Filing 2007 tax return late IRS. Filing 2007 tax return late gov/pub/irs-pdf/p1220. Filing 2007 tax return late pdf. Filing 2007 tax return late Acknowledgment For a contribution of a qualified vehicle with a claimed value of $500 or less, do not file Form 1098-C. Filing 2007 tax return late However, you can use it as the contemporaneous written acknowledgment under section 170(f)(8) by providing the donor with Copy C only. Filing 2007 tax return late See the Instructions for Form 1098-C. Filing 2007 tax return late Generally, the organization should complete Form 1098-C as the written acknowledgment to the donor and the IRS. Filing 2007 tax return late The contents of the acknowledgment depend upon whether the organization: Sells a qualified vehicle without any significant intervening use or material improvement, Intends to make a significant intervening use of or material improvement to a qualified vehicle prior to sale, or Sells a qualified vehicle to a needy individual at a price significantly below fair market value, or a gratuitous transfer to a needy individual in direct furtherance of a charitable purpose of the organization of relieving the poor and distressed or the underprivileged who are in need of a means of transportation. Filing 2007 tax return late For more information on the acknowledgment, see Notice 2005-44, 2005-25 I. Filing 2007 tax return late R. Filing 2007 tax return late B. Filing 2007 tax return late 1287, at www. Filing 2007 tax return late irs. Filing 2007 tax return late gov/irb/2005-25_IRB/2005-25_IRB/ar09. Filing 2007 tax return late html. Filing 2007 tax return late Material improvements or significant intervening use. Filing 2007 tax return late   To constitute significant intervening use, the organization must actually use the vehicle to substantially further the organization's regularly conducted activities, and the use must be significant, not incidental. Filing 2007 tax return late Factors in determining whether a use is a significant intervening use depend on the nature, extent, frequency, and duration. Filing 2007 tax return late For this purpose, use includes providing transportation on a regular basis for a significant period of time or significant use directly related to training in vehicle repair. Filing 2007 tax return late Use does not include the use of a vehicle to provide training in business skills, such as marketing or sales. Filing 2007 tax return late Examples of significant use include: Driving a vehicle every day for 1 year to deliver meals to needy individuals, if delivering meals is an activity regularly conducted by the organization. Filing 2007 tax return late Driving a vehicle for 10,000 miles over a 1-year period to deliver meals to needy individuals, if delivering meals is an activity regularly conducted by the organization. Filing 2007 tax return late   Material improvements include major repairs and additions that improve the condition of the vehicle in a manner that significantly increases the value. Filing 2007 tax return late To be a material improvement, the improvement cannot be funded by an additional payment to the organization from the donor of the vehicle. Filing 2007 tax return late Material improvements do not include cleaning, minor repairs, routine maintenance, painting, removal of dents or scratches, cleaning or repair of upholstery, and installation of theft deterrent devices. Filing 2007 tax return late Penalties. Filing 2007 tax return late   If your charitable organization receives contributions of used motor vehicles, boats, and airplanes valued over $500 it may be subject to a penalty if it knowingly: Fails to furnish an acknowledgement in a timely manner, showing the required information, or Furnishes a false or fraudulent acknowledgement of the contribution. Filing 2007 tax return late    Other penalties may apply. Filing 2007 tax return late See Part O in the 2012 General Instructions for Certain Information Returns. Filing 2007 tax return late   An acknowledgment containing a certification will be presumed to be false or fraudulent if the qualified vehicle is sold to a buyer other than a needy individual without a significant intervening use or material improvement within 6 months of the date of the contribution. Filing 2007 tax return late   If a charity sells a donated vehicle at auction, the IRS will not accept as substantiation an acknowledgment from the charity stating that the vehicle is to be transferred to a needy individual for significantly below fair market value. Filing 2007 tax return late Vehicles sold at auction are not sold at prices significantly below fair market value, and the IRS will not treat vehicles sold at auction as qualifying for this exception. Filing 2007 tax return late   The penalty for a false or fraudulent acknowledgment where the donee certifies that the vehicle will not be transferred for money, other property, or services before completion of material improvements or significant intervening use or the donee certifies that the vehicle is to be transferred to a needy individual for significantly below fair market value in furtherance of the donee's charitable purpose is the larger of $5,000 or the claimed value of the vehicle multiplied by 39. Filing 2007 tax return late 6%. Filing 2007 tax return late   The penalty for an acknowledgment relating to a qualified vehicle being sold in an arm's length transaction to an unrelated party is the larger of the gross proceeds from the sale or the sales price stated in the acknowledgment multiplied by 39. Filing 2007 tax return late 6%. Filing 2007 tax return late Qualified Intellectual Property A taxpayer who contributes qualified intellectual property to a charity may be entitled to a charitable deduction, in addition to any initial deduction allowed in the year of contribution. Filing 2007 tax return late The additional deduction is based on a specified percentage of the qualified donee income with respect to the qualified intellectual property. Filing 2007 tax return late To qualify for the additional charitable deduction, the donor must provide notice to the donee at the time of the contribution that the donor intends to treat the contribution as qualified intellectual property contribution for purposes of sections 170(m) and 6050L. Filing 2007 tax return late Every donee organization described in section 170(c) (except a private foundation as defined in section 509(a) that is not described in section 170(b)(1)(F)) that receives or accrues net income from a charitable gift of qualified intellectual property must file Form 8899. Filing 2007 tax return late Form 8899. Filing 2007 tax return late   Form 8899, Notice of Income From Donated Intellectual Property, is used by a donee to report net income from qualified intellectual property to the donor of the property and to the IRS and is due by the last day of the first full month following the close of the donee’s tax year. Filing 2007 tax return late This form must be filed for each tax year of the donee in which the donated property produces net income, but only if all or part of that tax year occurs during the 10-year period beginning on the date of the contribution and that tax year does not begin after the expiration of the legal life of the donated property. Filing 2007 tax return late Qualified donee income. Filing 2007 tax return late   Qualified donee income is any net income received by or accrued to the donee that is properly allocable to the qualified intellectual property for the tax year of the donee which ends within or with the tax year of the donor. Filing 2007 tax return late Income is not treated as allocated to qualified intellectual property if it is received or accrued after the earlier of the expiration of the legal life of the qualified intellectual property, or the 10-year period beginning with the date of
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The Filing 2007 Tax Return Late

Filing 2007 tax return late Index A Abatement of interest and penalties, Abatement of interest and penalties. Filing 2007 tax return late Accidents, Deductible losses. Filing 2007 tax return late , Nondeductible losses. Filing 2007 tax return late Adjusted basis, Adjusted Basis Adjustments to basis, Basis adjustment to corporation's property. Filing 2007 tax return late , Adjustments to Basis Amended returns, Amended return. Filing 2007 tax return late Appraisals, Appraisal. Filing 2007 tax return late , Costs of photographs and appraisals. Filing 2007 tax return late Assistance (see Tax help) B Bad debts, Nonbusiness bad debt. Filing 2007 tax return late Basis Adjusted, Adjusted Basis Adjustments to, Basis adjustment to corporation's property. Filing 2007 tax return late , Adjustments to Basis Replacement property, Basis of replacement property. Filing 2007 tax return late Business or income-producing property, Business or income-producing property. Filing 2007 tax return late Business purposes, property used partly for, Property used partly for business and partly for personal purposes. Filing 2007 tax return late C Cars Accidents, Deductible losses. Filing 2007 tax return late Fair market value of, Car value. Filing 2007 tax return late Cash gifts, Cash gifts. Filing 2007 tax return late Casualty losses, Table 3. Filing 2007 tax return late When To Deduct a Casualty or Theft Loss Deductible losses, Deductible losses. Filing 2007 tax return late Definition, Casualty Deposits, loss on, Casualty loss or ordinary loss. Filing 2007 tax return late Nondeductible losses, Nondeductible losses. Filing 2007 tax return late Progressive deterioration, Progressive deterioration. Filing 2007 tax return late Proof of, Casualty loss proof. Filing 2007 tax return late When to report, Losses. Filing 2007 tax return late Workbooks for listing property, Workbooks for casualties and thefts. Filing 2007 tax return late Clean up costs, Cost of cleaning up or making repairs. Filing 2007 tax return late Condemnation, Condemnations. Filing 2007 tax return late Corrosive drywall, Special Procedure for Damage From Corrosive Drywall Costs Appraisals, Costs of photographs and appraisals. Filing 2007 tax return late Clean up, Cost of cleaning up or making repairs. Filing 2007 tax return late Incidental expenses, Related expenses. Filing 2007 tax return late Landscaping, Landscaping. Filing 2007 tax return late Photographs taken after loss, Costs of photographs and appraisals. Filing 2007 tax return late Protection, Cost of protection. Filing 2007 tax return late Repair, Cost of cleaning up or making repairs. Filing 2007 tax return late Replacement, Replacement cost. Filing 2007 tax return late D Death of taxpayer Postponement of gain, Death of a taxpayer. Filing 2007 tax return late Deductible losses, Deductible losses. Filing 2007 tax return late Deduction limits, Deduction Limits $100 rule, $100 Rule 10% rule, 10% Rule 2% rule, 2% Rule Deposit losses, Mislaid or lost property. Filing 2007 tax return late , Table 3. Filing 2007 tax return late When To Deduct a Casualty or Theft Loss Reporting of (Table 1), Table 1. Filing 2007 tax return late Reporting Loss on Deposits When to report, Loss on deposits. Filing 2007 tax return late Disaster area losses, Lessee's loss. Filing 2007 tax return late Claiming on amended return, Claiming a disaster loss on an amended return. Filing 2007 tax return late Federal loan canceled, Federal loan canceled. Filing 2007 tax return late Federally declared disaster, Business or income-producing property located in a federally declared disaster area. Filing 2007 tax return late , Disaster Area Losses Figuring loss deduction, Figuring the loss deduction. Filing 2007 tax return late Form 1040X, How to report the loss on Form 1040X. Filing 2007 tax return late Home made unsafe, Home made unsafe by disaster. Filing 2007 tax return late How to deduct loss in preceding year, How to deduct your loss in the preceding year. Filing 2007 tax return late Inventory, Disaster loss to inventory. Filing 2007 tax return late Main home rules, Main home in disaster area. Filing 2007 tax return late , Gains. Filing 2007 tax return late Qualified disaster mitigation payments, Qualified disaster mitigation payments. Filing 2007 tax return late Qualified disaster relief payments, Qualified disaster relief payments. Filing 2007 tax return late Records to keep, Records. Filing 2007 tax return late Tax deadlines postponed, Covered disaster area. Filing 2007 tax return late When to deduct, When to deduct the loss. Filing 2007 tax return late Table 3, Table 3. Filing 2007 tax return late When To Deduct a Casualty or Theft Loss Disaster mitigation payments, Qualified disaster mitigation payments. Filing 2007 tax return late Disaster relief grants, Disaster relief. Filing 2007 tax return late Drywall, corrosive, Special Procedure for Damage From Corrosive Drywall Due dates Tax deadlines postponed, Postponed Tax Deadlines E Employer's emergency disaster fund, Employer's emergency disaster fund. Filing 2007 tax return late F Fair market value (FMV) Decline in value of property in or near casualty area, Decline in market value of property in or near casualty area. Filing 2007 tax return late Measuring decrease in, Decrease in Fair Market Value Items not to consider, Figuring Decrease in FMV — Items Not To Consider Items to consider, Figuring Decrease in FMV — Items To Consider Federal disaster relief grants, Federal disaster relief grants. Filing 2007 tax return late Federal Emergency Management Agency (FEMA), contacting, Contacting the Federal Emergency Management Agency (FEMA) Federally declared disasters, Business or income-producing property located in a federally declared disaster area. Filing 2007 tax return late , Disaster Area Losses Figuring gain, Property used partly for business and partly for personal purposes. Filing 2007 tax return late Figuring loss, Theft loss proof. Filing 2007 tax return late , Figuring the Deduction Adjusted basis, Adjusted Basis Disaster area losses, Figuring the loss deduction. Filing 2007 tax return late Insurance and other reimbursements, Insurance and Other Reimbursements Form 1040, Schedule A, Personal-use property. Filing 2007 tax return late Form 1040, Schedule D, Personal-use property. Filing 2007 tax return late Form 1040X Disaster area losses, How to report the loss on Form 1040X. Filing 2007 tax return late Form 4684 Reporting gains and losses on personal-use property, Personal-use property. Filing 2007 tax return late Free tax services, Free help with your tax return. Filing 2007 tax return late G Gains Figuring, Figuring a Gain Postponement of, Postponement of Gain, How To Postpone a Gain Reimbursements, Gain from reimbursement. Filing 2007 tax return late Reporting of, Contacting the Federal Emergency Management Agency (FEMA) When to report, Changing your mind. Filing 2007 tax return late H Help (see Tax help) I Incidental expenses, Related expenses. Filing 2007 tax return late Insurance, Insurance and Other Reimbursements Living expenses, payments for, Insurance payments for living expenses. Filing 2007 tax return late Interest abatement, Abatement of interest and penalties. Filing 2007 tax return late Inventory losses, Loss of inventory. Filing 2007 tax return late Disaster area losses, Disaster loss to inventory. Filing 2007 tax return late L Landscaping, Landscaping. Filing 2007 tax return late Leased property, Leased property. Filing 2007 tax return late When to report, Lessee's loss. Filing 2007 tax return late Losses Casualty (see Casualty losses) Deposits (see Deposit losses) Disaster areas (see Disaster area losses) Figuring amount (see Figuring loss) Proof of, Deducted loss recovered. Filing 2007 tax return late Records of, Theft loss proof. Filing 2007 tax return late Reporting of, Contacting the Federal Emergency Management Agency (FEMA) Theft (see Theft losses) When to report, Changing your mind. Filing 2007 tax return late (Table 3), Table 3. Filing 2007 tax return late When To Deduct a Casualty or Theft Loss M Married taxpayers Deduction limits, Married taxpayers. Filing 2007 tax return late , Married taxpayers. Filing 2007 tax return late Mislaid or lost property, Mislaid or lost property. Filing 2007 tax return late Missing children, photographs of, Reminders N Nonbusiness bad debts, Nonbusiness bad debt. Filing 2007 tax return late Nondeductible losses, Nondeductible losses. Filing 2007 tax return late P Payments for living expenses, Insurance payments for living expenses. Filing 2007 tax return late Penalty abatement, Abatement of interest and penalties. Filing 2007 tax return late Personal property Loss deduction, figuring of, Personal property. Filing 2007 tax return late Personal-use property Reporting gains and losses, Personal-use property. Filing 2007 tax return late Personal-use real property, Exception for personal-use real property. Filing 2007 tax return late Photographs Documentation of loss, Costs of photographs and appraisals. Filing 2007 tax return late Ponzi-type investment schemes, Losses from Ponzi-type investment schemes. Filing 2007 tax return late Postponed tax deadlines, Postponed Tax Deadlines Postponement of gain, Postponement of Gain, How To Postpone a Gain Amended return, Amended return. Filing 2007 tax return late Changing mind, Changing your mind. Filing 2007 tax return late Replacement property acquired after return filed, Replacement property acquired after return filed. Filing 2007 tax return late Replacement property acquired before return filed, Replacement property acquired before return filed. Filing 2007 tax return late Required statement, Required statement. Filing 2007 tax return late Substituting replacement property, Substituting replacement property. Filing 2007 tax return late Three-year limit, Three-year limit. Filing 2007 tax return late Proof of loss, Proof of Loss Protection costs, Cost of protection. Filing 2007 tax return late Publications (see Tax help) R Records of loss, Theft loss proof. Filing 2007 tax return late Recovered stolen property, Recovered stolen property. Filing 2007 tax return late Reimbursements Cash gifts, Cash gifts. Filing 2007 tax return late Disaster relief, Disaster relief. Filing 2007 tax return late Employer's emergency disaster fund, Employer's emergency disaster fund. Filing 2007 tax return late Failure to file a claim, Failure to file a claim for reimbursement. Filing 2007 tax return late Received after deducting loss, Reimbursement Received After Deducting Loss Types of, Types of Reimbursements Related expenses, Related expenses. Filing 2007 tax return late Related person, replacement property bought from, Buying replacement property from a related person. Filing 2007 tax return late Repair costs, Cost of cleaning up or making repairs. Filing 2007 tax return late Replacement cost, Replacement cost. Filing 2007 tax return late Replacement period, Replacement Period Extension of, Extension. Filing 2007 tax return late Replacement property, Replacement Property Advance payment, Advance payment. Filing 2007 tax return late Basis adjustment to corporation's property, Basis adjustment to corporation's property. Filing 2007 tax return late Basis of, Basis of replacement property. Filing 2007 tax return late Main home, Main home replaced. Filing 2007 tax return late In disaster area, Main home in disaster area. Filing 2007 tax return late Postponement of gain, Replacement property acquired before return filed. Filing 2007 tax return late Reporting gains and losses, Reporting a gain. Filing 2007 tax return late , How To Report Gains and Losses Basis, adjustments to, Adjustments to Basis Business and income-producing property, Business and income-producing property. Filing 2007 tax return late Deductions exceeding income, If Deductions Are More Than Income Deposits, How to report. Filing 2007 tax return late Table 1, Table 1. Filing 2007 tax return late Reporting Loss on Deposits Disaster area losses, How to report the loss on Form 1040X. Filing 2007 tax return late Personal-use property, Personal-use property. Filing 2007 tax return late Timing of, When To Report Gains and Losses S Sentimental value, Sentimental value. Filing 2007 tax return late State disaster relief grants for businesses, State disaster relief grants for businesses. Filing 2007 tax return late Stolen property (see Theft losses) T Tables and figures Reporting loss on deposits (Table 1), Table 1. Filing 2007 tax return late Reporting Loss on Deposits When to deduct losses (Table 3), Table 3. Filing 2007 tax return late When To Deduct a Casualty or Theft Loss Tax help, How To Get Tax Help Theft losses, Theft FMV of stolen property, FMV of stolen property. Filing 2007 tax return late Mislaid or lost property, Mislaid or lost property. Filing 2007 tax return late Proof of, Theft loss proof. Filing 2007 tax return late When to deduct (Table 3), Table 3. Filing 2007 tax return late When To Deduct a Casualty or Theft Loss When to report, Losses. Filing 2007 tax return late Workbooks for listing property, Workbooks for casualties and thefts. Filing 2007 tax return late Timber loss, Timber loss. Filing 2007 tax return late W Workbooks for property lost due to casualties and thefts, Workbooks for casualties and thefts. Filing 2007 tax return late Prev  Up     Home   More Online Publications