Archive for ‘Focus on IRS and Treasury’

EO Tax Journal 2020-83

Paul Streckfus, April 29, 2020 at 5:35 am

1 – TEGE EO Council Seeking Volunteers for 512(a)(6) Comment Process

2 – In the News

3 – IRS Issues New Proposed UBIT ‘Silo’ Regulations for Nonprofits

4 – DOJ Alerts 11th Circuit of 6th Circuit’s Decision in Hoffman Properties

5 – Applicant Promoting the Interests of Franchise Owners Denied (c)(6) Status (Denial 202017028) Continue…

Current News and Developments, Focus on Courts, Focus on IRS and Treasury, PLRs, TAMs, and Denial Letters

EO Tax Journal 2020-81

Paul Streckfus, April 27, 2020 at 5:36 am

1 – Editor’s Notebook

2 – Commentary and Analysis of Proposed Section 512(a)(6) Regulations

A – Remarks of Alexander Reid and Chelsea Rubin, Morgan, Lewis & Bockius, Washington

B – Remarks of Rob Wexler, Adler & Colvin, San Francisco

C – Analysis Prepared by Steptoe & Johnson, Washington

3 – Form 1023 ‘Effective Date’ Instructions in Error

4 – Private Foundation’s Transfers to New Foundations Approved by IRS (PLR 202017026) Continue…

Current News and Developments, Editor's Notebook, Focus on IRS and Treasury, PLRs, TAMs, and Denial Letters

EO Tax Journal 2020-80

Paul Streckfus, April 24, 2020 at 5:07 am

1 – Editor’s Notebook

2 – Outline of Explanation of Provisions and Summary of Comments

3 – IRS, Treasury Issue Guidance for Applying UBTI ‘Silo’ Rules for Tax-Exempt Organizations by Identifying Separate Trades or Businesses (IR-2020-78)

4 – Proposed Regs Address Debated Issues

5 – Introductory Material to Proposed Regs and Call for Comments

6 – IRS’s Reasons for Use of NAICS Codes Continue…

Current News and Developments, Editor's Notebook, Focus on IRS and Treasury

EO Tax Journal 2020-76

Paul Streckfus, April 20, 2020 at 5:40 am

1 – Editor’s Notebook

2 – Former Grassley Tax Aide Dean Zerbe Interviewed about Nonprofit Sector

3 – We’re Seeing a Small Increase in EO Denial Letters

4 – Applicant Serving a Segment of a Line of Business Denied Section 501(c)(6) Status (Denial 202013016)

5 – Applicant Whose Primary Purpose Is to Increase Customers for Local Businesses Denied (c)(3) Status But Retains (c)(6) Status (Denial 202015017) Continue…

Current News and Developments, Editor's Notebook, Focus on IRS and Treasury, PLRs, TAMs, and Denial Letters

EO Tax Journal 2020-74

Paul Streckfus, April 16, 2020 at 5:46 am

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 – In the News

4 – IRS Provides General Advice on Public Charity Distributions to Non-(c)(3)s (INFO 2020-0003)

5 – IRS Advises that Subordinates in a Group Ruling Must Still File Form 8976 per Section 506

6 – Miller & Chevalier Ask Treasury and IRS to Expedite Charitable Contributions of Inventory Guidance Project

7 – Rep. Moulton Advocates for Nonprofit Assistance in Letter to Ways and Means Committee Chairman Richard Neal

8 – Easement Deduction Denied Where Not ‘Protected in Perpetuity’ (Hoffman Properties v. Commissioner) Continue…

Current News and Developments, Editor's Notebook, Focus on Congress, Focus on Courts, Focus on IRS and Treasury, The EOTJ Mailbag

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