SECTION 10. EXEMPT — Internal Revenue Bulletin 2004-4

ORGANIZATION ISSUES

	Statute or Regulation	Act Postponed
1.	Section 501(h)	Under section 501(h), certain eligible 501(c)(3) organizations may elect on Form 5768 to have their legislative activities measured solely by expenditures. From 5768 is effective beginning with a taxable period provided it is filed before the end of the organization’s taxable period.
2.	Sec. 505(c)(1)	An organization must give notice by filing Form 1024,_ Application for Recognition of_ Exemption Under Section 501(a), to be recognized as an organization exempt under section 501(c)(9) or section 501(c)(17). Generally, if the exemption is to apply for any period before the giving of the notice, Treas. Reg. § 505(c)–1T, Q&A–6, of the regulations requires that Form 1024 be filed within 15 months from the end of the month in which the organization was organized.
3.	Sec. 508 and Treas. Reg. § 1.508–1	A purported section 501(c)(3) organization must generally file Form 1023,_ Application_ for Recognition of Exemption, to qualify for exemption. Generally, if the exemption is to apply for any period before the giving of the notice, the Form 1023 must be filed within 15 months from the end of the month in which the organization was organized.
4.	Section 527(i)(2)	Certain political organizations shall not be treated as tax-exempt section 527 organizations unless each such organization electronically files a notice (Form 8871) not less than 24 hours after the date on which the organization is established, or, in the case of a material change in the information required, not later than 30 days after such material change.
5.	Section 527(j)(2)	Under section 527(j)(2), certain tax-exempt political organizations that accept contributions or make expenditures for an exempt function under section 527 during a calendar year are required to file periodic reports on Form 8872, beginning with the first month or quarter in which they accept contributions or make expenditures, unless excepted. In addition, tax-exempt political organizations that make contributions or expenditures with respect to an election for federal office may be required to file pre-election reports for that election. A tax-exempt political organization that does not file the required Form 8872, or that fails to include the required information, must pay an amount calculated by multiplying the amount of the contributions or expenditures that are not disclosed by the highest corporate tax rate.
6.	Section 6033(g)(1) and Treas. Reg. § 1.6033–2(e)	Annual information returns (Forms 990) of certain tax-exempt political organizations described under section 527 must be filed on or before the 15th day of the 5th month following the close of the taxable year.
7.	Sec. 6072(e) and Treas. Reg. § 1. 6033–2(e)	Annual returns of organizations exempt under section 501(a) must be filed on or before the 15th day of the 5th month following the close of the taxable year.
8.	Rev. Proc. 80–27, Section 6.01	The central organization of a group ruling is required to report information regarding the status of members of the group annually (at least 90 days before the close of its annual accounting period).