Exempt Organizations and Government Entities Technical Guide (TG) 58, Excise Taxes on Self-Dealing under IRC 4941, was revised to incorporate the recently released Chief Counsel Advisory (CCA) 202243008 (PDF). CCA 202243008 concludes that interest accrued on a self-dealing loan during years with a closed statute is included in the loan balance for computing the amount involved for IRC 4941 self-dealing excise taxes in years with an open statute.

Annual Revenue Procedures

Internal Revenue Bulletin 2023-01 released on January 3, 2023, included six revenue procedures of interest to Exempt Organizations:

See Exempt Organization Revenue Procedures for further details.

Employment Issues: A Charity’s Treatment of Volunteers Can Affect Tax Responsibilities

If your organization has employees, independent contractors or volunteers, it may have tax or reporting responsibilities. The Employment Issues course explains how to classify workers and identify your tax withholding, paying and reporting responsibilities. We encourage organizational leadership and volunteers to complete the Tax-Exempt Organization Workshop for important information on the benefits, limitations and expectations of tax-exempt organizations.

Employment Tax Reminder

Important reminder to employers - the deadline for filing Forms W-2, W-3, and 1099-NEC is January 31, 2023. This IRS YouTube video (also available in Spanish) provides tips on filing these forms and avoiding penalties.

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If you have a technical or procedural question about Exempt Organizations, visit the Charities and Nonprofits homepage on IRS.gov.

If you have a specific question about exempt organizations, please contact us.

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