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							Court Bradbury Grand Chef de Gare du California
			New Tax Law Will Affect Mose Voitures! In August of 2006, President Bush signed into law the Pension Protection Act of 2006. Its main focus is directed towards pension reform, however, the act also includes charitable reform provisions to regulate tax-exempt organizations. This includes Voitures and American Legion Posts. Prior to the act of 2006, Voitures and Posts with less than $25,000.00 gross receipts annually did not have to file an Annual 990 Information Report with the IRS. Now, however, under Section 1223 of the Pension Protection Act of 2006, tax exempt organizations with gross receipts of less than $25,000.00 annually will be required to file an Annual Notice with the IRS. The filing organizations must provide the following information to the IRS: The legal name of the organization Any name under which the organization operates or does business The organization’s mailing address and web site address if any The organization’s taxpayer identification number The name and address of the principal officer Evidence of the continuing basis for the organization’s exemption from the filing requirements of Form 990. The new law will require most Voitures and American Legion Posts that were not previously required to file 990’s because their annual gross receipts were less than $25,000.00 to now file an annual electronic notice, Form 990-N, Electronic Notice (e-postcard) for Tax-Exempt Organizations not required to file Form 990 or Form 990 EZ. This requirement applies to tax periods beginning after December 31, 2006, and is due the IRS on the 15th day of the fifth month following the end of your fiscal year. Failure to file can result in loss of your tax-exempt status; penalties and interest accrue. More information about the postcard (Form-990N) is available at: IRS Web Site: www.irs.gov.eo
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