EO Tax Journal

Now that everyone is an expert on “blockers,” it’s on to “Practical Problems and Practical Solutions for Private Foundations,” which was the title of the last panel before the cash bar at the May 6 meeting of the EO Committee of the ABA’s Tax Section. Today I’m sending along the materials prepared for this session, with the transcript to follow “soon” — normal time, not IRS time. Continue…

1 – Call for Con Law Help Answered

As promised last week (see email update 2011-109), I begin this short week with a transcript of the panel discussion on “Update on UBIT Blockers” from the May 6 meeting of the EO Committee of the ABA’s Tax Section. Continue…

1 – Have a Happy Fourth of July

3 – Nonprofit Corporate Restructuring
(continued from email update 2011-109) Continue…

This and That

In response to yesterday’s query, “What would she have gotten if she had succeeded?”, Penelope says 15 days. Penelope says she got 30 days because she botched the job.

Regarding Bill Brockner’s comments published yesterday, Odysseus takes issue with Bill’s implication that small organizations, which are “generally without the benefit of expensive CPA and/or Bar assistance,” will now be required to hire the same. Odysseus wonders if Bill knows how simple it is to complete an e-Postcard, since all that is required are eight simple entries. Continue…

My favorite headline from yesterday’s Baltimore Sun: “Maryland Woman Sentenced to 30 Days in Prison for Trying to Run Boyfriend Over with Car.” What would she have gotten if she had succeeded? 45 Days?

I welcome all points of view, so today I’m happy to let former IRSer Bill Brockner make the case for what I call libertarianism in the EO sector. Bill joined the EO Division in 1972 and stayed until sometime in the aughts, over 30 years, maintaining his passion for EO tax law the whole time while becoming one of the IRS’s top EO technical experts.

Commentary by Bill Brockner Continue…