EO Tax Journal

God willing and the Creek don’t rise, I should have a transcript of Sarah Hall Ingram’s February 5 remarks in the next day or two. Speaking of Sarah and her domain, I think most people are coming around to the reality that we have a serious problem with charity regulation in this country. Now everyone is trying to come up with solutions, which is good, but most of the proposed solutions seem to me to come with their own problems. In this vein, The Chronicle of Philanthropy had two interesting viewpoint articles in its February 25 issue.

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If this transmission is successful, I have in the wings (sorry for the redundancy) a transcript of the recent ABA panel on supporting organizations ready to go. I suspect a lot of people would like to read what was discussed in Texas with Emily Lam and Phil Hackney, so we’ll see. Hopefully you received the panel discussion on News from the IRS and Treasury, sent on Monday.

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1 – David Epstein on Marc Owens’ Comments on Need for Determinations Function

2 – Jim Hasson on University Tax Avoidance

3 – Pay Rises for Leaders of Colleges, Survey Says
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Today I have more on the Harvard audit and news that Suffolk University is joining Harvard in being targeted by the IRS.

Harvard Natural Target for IRS Audit, Administrator Says
University is one of 40 institutions of higher education to be audited
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Hopefully the kids at the Harvard Crimson will demand that Harvard make its IRS audit transparent. Aren’t students, as well as other Harvard constituencies, entitled to know what is going on? Speaking of transparency, if exemption applications and Form 990s and 990-Ts are open to public inspection, why are EO audits not open to the public?

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