Archive for October, 2010

EO Tax Journal 2010-158

Paul Streckfus, October 28, 2010 at 8:09 am

1 – IRS Needs a Reminder on Its Reminder

2 – Brief Filed in Appeal of Terrorist Financing Case

3 – Observations of the IRS’ Chief Counsel on EOs

4 – Group Seeks Investigation of Voter Guides/Legislative Scorecards Continue…

EO Tax Journal 2010-157

Paul Streckfus, October 27, 2010 at 7:32 am

1 – 501(c)(4) Requirements

2 – Doug Shulman’s New Pen Pals

3 – Revised Pub 557 Provides Practitioner Quiz Continue…

EO Tax Journal 2010-156

Paul Streckfus, October 26, 2010 at 8:21 am

1 – Milton Hershey Must Be Rolling Over in His Grave

If it wasn’t so sad, it would be funny. I know I’m going to Pumpkin World and Jungle Joey’s on my next trip to Pennsylvania. For earlier reports on the Milton Hershey School, see email updates 2010-147 and 2010-149.

2 – What Audits of Colleges and Universities Are Telling Us

We’re continuing to complete transcripts of the recent EO Committee meeting in Toronto. Today I have the panel on colleges and universities. At first  I thought it would be just a rehash of the interim report, but it turned out to be much more interesting than that. Continue…

EO Tax Journal 2010-155

Paul Streckfus, October 25, 2010 at 8:04 am

It’s rare when all the local football teams win, even if by razor-thin margins — Maryland, Navy, Ravens, and Redskins. And the World Series is set — San Francisco Giants against the Texas Rangers. I have no rooting interest here, although John McGraw, the legendary Giants manager, did marry my grandmother’s sister, Minnie, in 1897. Unfortunately, Minnie developed appendicitis and died in 1899. That was before section 501(r), which is today’s health care tax topic.

The Effect of Health Care Reform on Hospitals

What follows are the September 24 remarks of Robert W. Friz, Pricewaterhousecoopers, Philadelphia, and Elizabeth M. Mills, Proskauer Rose, Chicago, as delivered to members of the EO Committee of the ABA’s Tax Section. The moderator of the panel is Ralph E. DeJong, McDermott Will & Emery LLP, Chicago. Continue…

EO Tax Journal 2010-154

Paul Streckfus, October 22, 2010 at 8:48 am

What to do this weekend during those commercial breaks while watching baseball and football? I suggest reading Phil Hackney’s description of the “Role of IRS National Office Counsel and Area Counsel in EO Audits,” which follows. That way you can tell your spouse or significant other or cat that you have been working all day.

Discussion of Interaction of Chief Counsel and Exempt Organizations

What follows are the September 24 remarks of Philip T. Hackney, Senior Technical Reviewer, Exempt Organizations Branch 2, Office of Chief Counsel, IRS, Washington, as delivered to members of the Audit and Appeals Subcommittee of the EO Committee of the ABA’s Tax Section. The moderators of the panel are Diara Holmes and Marc Owens of Caplin & Drysdale, Washington. Continue…