EO Tax Journal

1 – Tax Court Holds that Because Country Club Did Not Intend to Profit from Its Nonmember Sales, It May Not Offset Its Investment Income with Losses Relating to These Sales (Losantiville Country Club v. Commissioner)

2 – Exemption of Organization Providing Food Services to the Public for a Fee Revoked (Revocation 201732030) Continue…

1 – The EOTJ Mailbag

2 – Comings and Goings

3 – Article Stresses Importance of Perpetuity Requirements in Conservation Easements

4 – Lots of Interest, No Pun Intended, in FICA Refund Case

5 – IRS Rules Bequest Satisfies Unusual Grant Requirements (PLR 201729025) Continue…

1 – In the News

2 – Who Said: “It Is Easier for a Camel to Go through the Eye of a Needle Than for a Rich Man to Enter the Kingdom of God”?

3 – Publication of Transcripts and Handouts from May 12, 2017 Meeting of Exempt Organizations Committee of the ABA’s Tax Section Completed

4 – Excerpts from Tax Court Case Disallowing $33 Million Charitable Contribution and Finding Gross Valuation Misstatement (RERI Holdings v. Commissioner) Continue…

1 – Editor’s Notebook

2 – District Court Concludes that Rev. Rul. 2004-6 Is Not Unconstitutional (Freedom Path v. IRS) Continue…

1 – Editor’s Notebook

2 – Pharma-Funded Charities Being Investigated by IRS

3 – Issuer’s Plan to Cease Status as a Qualified Scholarship Funding Corporation under § 150(d)(2) Will Not Affect Interest Exclusion on Its Bonds under § 103 (PLR 201726001)

4 – Agreement to Make Hospital Facilities Available for Students’ Clinical Practice Experience Will Not Result in Private Business Use under § 141(b) (PLR 201726007) Continue…