EO Tax Journal

The New York Times has had two interesting articles in recent days, the second article following an earlier article from the Jewish daily newspaper, Forward. I’m running excerpts of these articles with my comments in CAPS. These articles raise difficult issues under the tax law.

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Something for everyone today.

1 – Pablo Eisenberg Weighs In on Compensation Debate

2 – IRS Seeks Comments on New Section 501(r)

3 – TE/GE Advisory Committee to Meet on June 9

4 – Weekend “Religious” Reading Continue…

1 – More on “Oh, never mind”

Constitutional crisis or tempest in a teapot? Folks seem split on Commissioner Shulman’s statement last week re late Form 990-N filings. One observer did say Jack Siegel (see his comments reprinted yesterday) was overstating his case in saying that:

“The IRS did not crack down on anybody. It did what Congress instructed it to do. It followed a law passed by Congress. If anyone cracked down on small charities, it was Senator Charles Grassley and his former aide, Dean Zerbe, who were the chief advocates for the provisions in the Pension Protection Act that affected charities.”

According to this observer, Grassley and Zerbe were simply responding to the IRS’ wish for a legislative blessing for such a “crackdown.” Continue…

1 – “Oh, never mind” – Emily Litella

The following notice was posted by the IRS yesterday:

Statement of IRS Commissioner Doug Shulman on the Filing Deadline for Small Charities

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1 – Off to the Land of Oz

2 – More on Nonprofit Pay

3 – Remarks of Commissioner Douglas Shulman to Council on Foundations

I don’t think I am being unfair in saying that this speech, reprinted below, is the kind of speech you give when you want to say nothing — certainly nothing new. It seems to me that this speech was a missed opportunity to say something meaningful to the foundation community.

4 – IRS Releases FAQ on Failure to File Revoctions
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