Archive for ‘PLRs, TAMs, and Denial Letters’

EO Tax Journal 2020-91

Paul Streckfus, May 11, 2020 at 5:18 am

1 – Editor’s Notebook

2 – Income of Authority Engaged in Buying Commodities for Members Will Be Excluded from Gross Income under § 115(1) (PLR 202019026)

3 – IRS Rules Transaction Involving Carbon Dioxide Offset Credits Resulting in Unusual Amount of Income Will Be One-Time Event and Not Derived from Active Conduct of Businesses under Section 501(c)(7) (PLR 202019027)

4 – Non-Member Income Results in Denial of (c)(7) Social Club Status (Denial 202015023) Continue…

Editor's Notebook, PLRs, TAMs, and Denial Letters

EO Tax Journal 2020-90

Paul Streckfus, May 8, 2020 at 5:31 am

1 – Editor’s Notebook

2 – Thirty Senators Support Legislation to Help Charitable Organizations

3 – Applicant Providing Death Benefits to Members Denied (c)(4) Status (Denial 202015024)

4 – Applicant Organizing Reunion and Gala Events that Benefit Family Denied (c)(3) Status (Denial 202016022)

5 – Applicant Providing Scholarships and Financial Aid to Family Members Denied (c)(3) Status (Denial 202016026) Continue…

Editor's Notebook, Focus on Congress, PLRs, TAMs, and Denial Letters

EO Tax Journal 2020-89

Paul Streckfus, May 7, 2020 at 5:42 am

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 – SBA Extends ‘Safe Harbor’ Date for Returning PPP Loan Funds, Says Guidance Coming Before New Date

4 – New Treasury Department Rule Further Strengthens Religious Liberty Protections for PPP Loan Borrowers; Also Exempts Work Study Students from Employee Counts

5 – Applicant Organizing Recreational and Social Events for Members Denied (c)(3) Status (Denial 202016021) Continue…

Current News and Developments, Editor's Notebook, PLRs, TAMs, and Denial Letters, The EOTJ Mailbag

EO Tax Journal 2020-88

Paul Streckfus, May 6, 2020 at 5:30 am

1 – Editor’s Notebook

2 – In the News

3 – Does Revocation 202001018 Deserve a Second Look?

4 – IRS Provides Temporary Guidance for Satisfying Section 147(f) Public Approval Requirement for Tax-Exempt Qualified Private Activity Bonds, Which Include 501(c)(3) Bonds (Rev. Proc. 2020-21)

5 – Operation of a Tavern in a Commercial Manner Outside Scope of Section 501(c)(3) (Denial 202016019) Continue…

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

EO Tax Journal 2020-87

Paul Streckfus, May 5, 2020 at 5:18 am

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 – TEGE Exempt Organizations Update Webinar – Registration Open

4 – Surviving the Pandemic: Using Endowment and Restricted Charitable Funds in the COVID-19 Crisis

5 – In the News

6 – Congressional Investigations: A Month In, Congress Signals Close Scrutiny of CARES Act and Paycheck Protection Program

7 – IRS Rules Services to Members Precludes (c)(6) Status (Denial 202018008) Continue…

Current News and Developments, Editor's Notebook, Focus on Congress, PLRs, TAMs, and Denial Letters, Program Announcements, The EOTJ Mailbag

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