EO Tax Journal

John Colombo’s Prepared Hearing Testimony

Today I’m finishing sending out the prepared testimony from last Wednesday’s House Oversight Subcommittee hearing with that of Professor John Colombo. His remarks focused on commercial activity by charities (“a growing phenomenon”) and whether such activity (1) jeopardizes the organization’s tax-exempt status and (2) whether it is subject to tax under the unrelated business income tax provisions. Unfortunately, as he notes and we know, “the income tax rules surrounding commercial activity are confused and contradictory.” Continue…

1 – The EOTJ Mailbag

2 – Donald Tobin’s Prepared Hearing Testimony Continue…

1 – Tea Parties on a Roll

2 – Eve Borenstein’s Prepared Hearing Testimony

It’s rare I say a document is a must-read, but I think Eve Borenstein’s prepared testimony for Wednesday’s House Oversight Subcommittee hearing falls into that category. The redesigned Form 990 is an important document, and Eve’s insights and suggestions are of value to all EO tax practitioners, even for those who swear they have never touched a Form 990. There’s a reason even the Chairman of the House Oversight Subcommittee called her the “Queen of the 990.”

3 – Colleges and Universities Blasted at Senate Finance Hearing Continue…

Yesterday’s House Oversight Subcommittee Hearing on Charities

d – Tom Hyatt’s Prepared Testimony Continue…

1 – Today’s House Oversight Subcommittee Hearing

2 – Excerpt from Report Prepared for Today’s Senate Finance Committee Hearing titled “Education Tax Incentives and Tax Reform” Continue…