EO Tax Journal

Yesterday I attended Day One of the Georgetown program on “Representing & Managing Tax-Exempt Organizations.” TE/GE Commissioner Sarah Hall Ingram led off the conference with an excellent speech. We did hear a word — “soon” — that would be repeated by subsequent government speakers. Soon a revocation list will be posted of those organizations that failed the three-year filing requirement, and soon guidance will be published as to how those revoked organizations can get their exemption back. I suspect the IRS has in mind a streamlined procedure not requiring a full review of each application. Continue…

As I noted yesterday, today I would be going to the program on “Nonprofit Governance: Critical Risk Management Issues for Boards and CEOs,” sponsored by Georgetown CLE, Independent Sector, and the IRS.

As indicated in the title of the program, it was geared to board members and CEOs, and the attendance list indicated mostly representatives from nonprofit organizations and foundations. As a result, the program was not — and should not have been — geared to sophisticated EO tax practitioners, so I think it is fair to say that most of the tax discussion was pretty basic, so I will only give a very brief summary of the tax portion of the program. Continue…

1 – The EO Event of the Year

3 – AHA, HFMA, and VHA Critical of ‘Onerous and Redundant’ Schedule H Continue…

1 – Weekend Reading: “Charity in the 21st Century”

2 – House Republicans Seek More Information from AARP
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1 – Weekend Reading: “Charity in the 21st Century”

For your weekend reading, I suggest “Charity in the 21st Century: Trending Toward Decay,” by Roger Colinvaux, Associate Professor of Law, Catholic University School of Law, that is in the latest Florida Tax Review. To access the article, go to http://ssrn.com/abstract=1809171. Continue…

1 – Latest IRS EO Update (2011-7)

2 – Dean Zerbe Featured on Last Night’s CBS News Broadcast

3 – The Attorney General’s Mission & The Public’s Interest Continue…