Tax-Exempt Organizations: IRS issues reminder that SSNs should not be included in Form 990 filings; MS&H enhances its Tax-Exempt Organization Practice
With the May 15th filing deadline fast approaching for many exempt organizations, the IRS issued a reminder on April 29th that exempt organizations should not include social security numbers on their form filings. By law, both the IRS and most tax-exempt organizations are required to publically disclose most parts of form filings, including Form 990 and its schedules and attachments. To reduce the risk of identity theft of officers and employees of an exempt organization, as well as the identities of their donors, clients and benefactors, tax-exempt organizations should avoid entering unneeded personal information or SSNs on their IRS form submissions. The IRS also reminds tax-exempt organizations that, for most tax-exempt organizations other than churches or church related organizations, failure to file annual reports with the IRS for 3 consecutive years will result in automatic revocation of such organization’s tax-exemption.
With the recent addition of Damian Mark, Esq., a former partner of Whiteford Taylor & Preston L.L.P. where he served as Co-Chair of its public finance practice group, McKennon Shelton & Henn LLP has placed itself in prime position to strengthen and enhance its ability to provide knowledgeable and personal representation to its non-profit clients. McKennon Shelton & Henn LLP has substantial experience interacting with tax-exempt organizations and, with the addition of Damian, is furthering its commitment and ability to provide your organization, no matter the size, with the attention and individual care needed to help your organization reach its highest goals and objectives. Damian would be delighted to hear from you and your organization and he can be reached at 410-843-3540 and at Damian.Mark@mshllp.com.