EO Tax Journal

1 – The EOTJ Mailbag (Possible Section 512(b)(3) Confusion?)

2 – Conservatives Blast Attorney General’s Speech (Possible (c)(3) Ramifications?)

3 – GuideStar Explained (Remarks of Bob Ottenhoff) Continue…

1 – IRS Gets ‘Attaboy’ from The New York Times

2 – Latest Z Street Developments Continue…

Can a (c)(3) be “owned” by four shareholders? I suppose it can, but read the article about the Cato Institute, reprinted below, and see what you think.

This has not been a good week for the IRS’ Exempt Organizations function. The Service has been taking it on the chin from both Democrats and Republicans over its handling of politicking by (c)(3)s and (c)(4)s; in addition, its handling of applications from nonprofit news organizations continues to come under fire. An article yesterday, reprinted below, gives an excellent summary of the complaints of Tea Party groups. Also yesterday the IRS received the following letter from Rep. Charles Boustany (R-Louisiana) to add to its miseries:
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1 – House Oversight Chairman Seeks Additional Information from the IRS on Tax-Exempt Sector Compliance, as Reports of IRS Questioning Grassroots Political Groups Raises New Concerns Continue…

1 – Ten Years Old and Counting

4 – The Time to Act is Now Continue…

1 – The EOTJ Mailbag

3 – IRS Releases Proposed and Temporary Regs under Section 501(c)(29) and Accompanying Revenue Procedure Continue…