Archive for May, 2011
EO Tax Journal 2011-81
Today’s transcript of the April 28 “Update from Treasury and IRS” that comes from remarks at the recent Georgetown program is not much different from the May 6 “Update from Treasury and IRS” that occurred at the EO Committee meeting of the ABA’s Tax Section, so I probably won’t run the latter. Continue…
EO Tax Journal 2011-80
1 – EO Litigation Developments
2 – ADF Report on Pulpit Sunday Efforts
3 – Amicus Brief Filed in Catholic Answers Case Continue…
EO Tax Journal 2011-79
News this week is that Treasury’s #1 tax guy, Michael Mundaca, the current assistant secretary for tax policy, is turning in his keys to the men’s room on Friday. The Wall Street Journal describes him as “unflappable.” As one wag has defined it, unflappable is when your wife is on line one, your girlfriend is on line two, and your mother is on line three.
Mundaca’s departure cannot be good for EO guidance. Emily McMahon, the deputy assistant secretary for tax policy, will move into the acting spot, but usually actors await a permanent replacement to sign off on regs projects. So, unless Mundaca signs off on the supporting organizations regs as he leaves on Friday, Ruth Madrigal’s promise of “soon” may have just become a little — or a lot — longer. Continue…
EO Tax Journal 2011-78
Today I’m sending along the remarks of Sarah Hall Ingram, the TE/GE Commissioner, whose jurisdiction includes the Exempt Organizations function. Sarah’s theme is on the Affordable Care Act, which is her current focus at the IRS. Continue…
EO Tax Journal 2011-77
ABA Tax Section Murmurings and More
1 – Washington Invasion (Part 2)
2 – Controversial Gift Tax Developments
3 – EOs with Tax-Exempt Bonds Need to Be Somewhat Wary
4 – D.C. Circuit Agrees with IRS — and Dismisses Appellant with a Snicker
5 – More on Madonna (Part 2)
6 – COF Continues to Seek Rev. Proc. 92-94 Update Continue…