Archive for February, 2013

EO Tax Journal 2013-33

Paul Streckfus, February 19, 2013 at 7:06 am

1 – View from the IRS (Lois Lerner)

2 – More Evidence of Abuse of Conservation Easements

3 – Big Corporation Put Up Seed Funding for Republican Dark Money Group Continue…

EO Tax Journal 2013-32

Paul Streckfus, February 18, 2013 at 6:46 am

The prepared statements of the 42 witnesses from Thursday’s Ways and Means hearing on charitable contributions are available at

The person who got the most attention from committee members was Gene Steuerle, who also happened to be the first witness. I generally agree with his ideas, which probably means they will never get enacted, but I’m reprinting his statement because I think it will have some impact. Another person whose views I generally agree with is Roger Colinvaux, whose statement I have also included. I’ve argued for years that the problems with noncash contributions could be solved by making only cash contributions deductible. In order to get a section 170 deduction, noncash property would have to be sold and then the cash received could then be contributed. Needless to say, I always get a lot of hate mail when I make this recommendation, and so Roger should not be surprised if some brickbats are sent his way for his gentler recommendations. Most of the witnesses argued for leaving section 170 alone. I’m reprinting the statements of Alex Reid and Conrad Teitell as able representatives of the leave it alone or expand it crowd.

1 – Statement of Eugene Steuerle

2 – Statement of Roger Colinvaux

3 – Statement of Conrad Teitell

4 – Statement of Alexander Reid Continue…

EO Tax Journal 2013-31

Paul Streckfus, February 15, 2013 at 7:00 am

1 – Single-Member LLCs and Exempt Organizations (Part 2)

2 – Sales of Leased Fee Interests in Condominium Property Will Not Generate Unrelated Business Taxable Income under § 511 Nor Adversely Affect § 501(c)(3) Exempt Status Continue…

EO Tax Journal 2013-30

Paul Streckfus, February 14, 2013 at 7:01 am

1 – The EOTJ Mailbag (Automatic Revocations)

2 – Mob to Testify at Today’s Ways and Means Hearing

3 – Ways and Means May Decide to Schedule EO Oversight Today

4 – Filing Breaks for Churches Unconstitutional?

5 – Single-Member LLCs and Exempt Organizations (Part 1) Continue…

EO Tax journal 2013-29

Paul Streckfus, February 13, 2013 at 7:07 am

1 – The EOTJ Mailbag (Conservation Easements)

2 – JCT Releases Report in Advance of Charitable Contribution Hearing

3 – The Eyes of Texas Were Upon Her

4 – Latest Type III Supporting Organizations Developments Continue…