Archive for ‘Focus on Congress’

EO Tax Journal 2021-16

Paul Streckfus, January 25, 2021 at 5:43 am

1 – In the News

2 – Will Senate Finance Committee Scrutinize IRS’s EO Functions?


3 – Ban on New (c)(4) Regulations Continues

4 – On 11th Anniversary of Citizens United Decision, Senator Tester Reaffirms Commitment to Cleaning Up Dark Money in Politics


5 – Applicant Conducting Community Festival Denied (c)(3) Status
(Denial 202103014) Continue…

EO Tax Journal 2021-14

Paul Streckfus, January 21, 2021 at 5:22 am

1 – Editor’s Notebook

2 – In the News

3 – Latest Call for Charity Reform

4 – Senator Whitehouse Wants IRS investigation of Turning Point USA for Hosting ‘Superspreader’ Events

5 – IRS Rules Association’s Income Is Excludable from Gross Income under Section 115(1) (PLR 202102003)

6 – Extension of Relief for Qualified Opportunity Funds and Investors Affected by Ongoing Coronavirus Disease 2019 Pandemic (Notice 2021-10) Continue…

EO Tax Journal 2021-11

Paul Streckfus, January 18, 2021 at 5:40 am

1 – Editor’s Notebook

2 – The EOTJ Mailbag

3 New York’s AG: NRA’s Financial Status Finally Matches Moral Status: Bankrupt

4 – Senator Wyden Urges IRS to Investigate EOs Involved in Capitol Insurrection

5 – IRS Rules Foundation’s Proposed Receipt from Donors or Donors’ Estate of Nonvoting Units in LLC or Distributions from LLC Will Not Constitute an Act of Direct or Indirect Self-Dealing under Section 4941 and Will Not Subject Foundation to Section 4943 (PLR 202101002) Continue…

EO Tax Journal 2021-10

Paul Streckfus, January 15, 2021 at 5:31 am

1 – Editor’s Notebook

2 – In the News

3 Ways and Means Democrats Call on Treasury to Update Guidance Warning Tax-Exempt Organizations About Engaging in Insurrection Activities

4 – ABA’s EO Committee to Meet Virtually on January 28

5 – Summary of Final Section 4960 Regulations on Exempt Organization Excess Compensation Excise Tax

6 Analysis of Final Section 4960 Regulations on Excise Tax for Excess Remuneration and Excess Parachute Payment Continue…

EO Tax Journal 2021-9

Paul Streckfus, January 14, 2021 at 5:32 am

1 – Legislative Update

2 – Editor’s Notebook

3 – IRSAC Selects New Members

4 Excerpt from the National Taxpayer Advocate’s 2020 Annual Report to Congress

5 – National Taxpayer Advocate Delivers Annual Report to Congress; Focuses on Taxpayer Impact of COVID-19 and IRS Funding Needs (IR-2021-11) Continue…