EO Tax Journal

1 – Latest EO Update from the IRS

3 – Background Reading for Tomorrow’s Transcript of Discussion of Tax-Exempt Bonds Continue…

Readers have told me they found of interest the summary of a Council on Foundations’ survey of governance and expenses of foundation boards reprinted last week (see Email Update 2011-41). Happening this week is the annual “Foundations on the Hill” day, sponsored by COF and the Forum of Regional Associations of Grantmakers, which involves foundation employees visiting congressional offices in Washington.

On Tuesday, Rep. Earl Blumenauer (D-Ore.) welcomed these visitors with a rousing luncheon speech: “If you’re not at the table, you’re on the menu,” and less dramatically, “It’s very important for you to make sure that you are engaged, that you are being heard.”

In this vein, I think readers may find of interest excerpts from COF’s 2011 legislative agenda:

Legislative Agenda for Philanthropy for the 112th Congress
The Council on Foundations, Arlington, Virginia Continue…

As promised yesterday, I am sending out the transcript of the fifth panel of the February 4 meeting of the TE/GE area councils, which is on tax compliance, featuring Gerry Griffith and Joyce Hellums. They’ve added “Post-conference Editor’s Notes” to make sure that readers have the most up-to-date information, so a double thanks to them for not only giving but editing their remarks.

Compliance Programs for Exempt Organizations: From Policy to Practice

What follows are the February 4 remarks of Gerry Griffith of Jones Day, Chicago, and Joyce Hellums of Ernst & Young, Austin, as delivered at the TE/GE Councils’ annual meeting. The moderator of the panel is Christopher Ballard of Honigman Miller Schwartz and Cohn LLP, Ann Arbor, Michigan. Continue…

So far I have sent out transcripts of the first three panels of the February 4 daylong meeting of the TE/GE area councils in the following email updates:

“Update from the IRS” (Holly Paz) — Email Update 2011-33
“Three Year Revocation, Consequences, Reapplying for Exempt Status” (Matthew Giuliano) — Email Update 2011-36
“The 2010 Form 990” (Steve Clarke) — Email Update 2011-39

This week I am going to jump out of order and go to panel five, as we are having some problems with transcribing panel four. Today I’m sending along the handout prepared for panel five, which served as the basis for Gerry Griffith and Joyce Hellums’ remarks, to be followed tomorrow with the transcript of their presentation. Continue…

1 – Catch-up Day

2 – Update on IRS Audits of Colleges and Universities Continue…