Organizations affiliated with governmental units exempt from Form 990 filing requirements.
The Tax Adviser › Vol. 26 Nbr. 3, March 1995
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Summary
Certain types of tax-exempt organizations that are considered affiliated with a government unit are excepted from certain information reporting requirements under IRC section 6033. These entities need not file Form 990 if their income is from exempt activities, they can receive charitable deductions, they are considered an instrumentality of a government body or they are a state or local government unit. The organization may wish to request a ruling on whether or not it qualifies to not file the Form 990.
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Extract
Organizations affiliated with governmental units exempt from Form 990 filing requirements.
Reporting requirements
Sec. 6033(a)(1) generally requires the filing of annual information returns by exempt organizations, disclosing "specifically the items of gross income, receipts, and disbursements." Most exempt organizations are required to file a Form 990, Return of Organization Exempt from Income Tax. However, Sec. 6033(a)(2) and Regs. Sec. 1.6033-2g! provide mandatory exceptions to th...See the full content of this document
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