Archive for ‘Focus on Congress’

EO Tax Journal 2017-205

Paul Streckfus, October 20, 2017 at 4:27 am

1 – The EOTJ Mailbag

2 Two Members of Congress Say IRS Agents’ Calculation of Overlapping Charitable Contribution Deductions and Net Operating Loss Carryovers Needs Treasury Review

3 Certain Income of a Trust Is Subject to Unrelated Business Income Tax (TAM 201741019) Continue…

EO Tax Journal 2017-204

Paul Streckfus, October 19, 2017 at 4:28 am

1 – Editor’s Notebook

2 – Free Speech Fairness Act Seeks to Roll Back Problematic Part of Johnson Amendment

3 – Alliance Defending Freedom Calls for Congress to Fix the Johnson Amendment

4 – Not-for-Profit Financial Reporting: What Tax Lawyers Need to Know about the New FASB Guidance (Part 2) Continue…

EO Tax Journal 2017-200

Paul Streckfus, October 13, 2017 at 4:22 am

1 - Editor’s Notebook

2 – Remedies and the Parsonage Allowance

3 - Universal Charitable Giving Act of 2017 (H.R. 3988) Introduced by Rep. Mark Walker, R-N.C., on October 4, 2017

A – Independent Sector Statement on the Universal Charitable Giving Act

B – National Council of Nonprofits Statement on the Universal Charitable Giving Act

4 – Agreement with Developer, Whereby Initial Fees and Expenses Are Borne by Developer, To Be Later Paid or Reimbursed by Foundation, and Whereby a Success Fee May Be Payable upon Completion of the Rezoning Process, Will Not Give Rise to Section 514(c) Acquisition Indebtedness, Nor Will Receipt of Lease Proceeds from the Property Be Includible in Foundation’s Unrelated Business Taxable Income under Section 512(a) (PLR 201740002) Continue…

EO Tax Journal 2017-199

Paul Streckfus, October 12, 2017 at 4:22 am

1 - Editor’s Notebook

2 - In the News

3 – Becket Lawyers Promise Appeal to Seventh Circuit in Freedom from Religion Case

4 – Keep Johnson Amendment, Say 92 House Democrats

5 – Intermediaries: The EO “Swiss Army Knife” (Part 2) Continue…

EO Tax Journal 2017-196

Paul Streckfus, October 9, 2017 at 4:54 am

1 – Editor’s Notebook

2 Wyden Applauds Treasury Watchdog Report Clearing IRS of Partisan Bias

3 Cummings Issues Statement on Latest Inspector General Report on IRS Review of Applicants for Tax-Exempt Status

4 – IRS ‘Targeted’ Liberal Organizations and After All These Years TIGTA Is Still Wrong

5 – Statement from Attorney General Schneiderman on Jail Sentencing of Former Head of National Vietnam Veterans Foundation Continue…