Archive for May, 2020

EO Tax Journal 2020-94

Paul Streckfus, May 14, 2020 at 5:44 am

1 – The EOTJ Mailbag

2 – In the News

3 – Steptoe Seminar Included Tips on Lobbying

4 – Upcoming EO Tax Program

5 SBA Issues FAQ Guidance on Good-Faith Certifications

6 Applicant Presenting Truck and Tractor Pulling Events Denied (c)(3) Status (Denial 202014022) Continue…

EO Tax Journal 2020-93

Paul Streckfus, May 13, 2020 at 5:35 am

1 – Steptoe Presents Seminar on Section 512(a)(6) Proposed Regs

2 – IRS Says It Needs More Time to Complete Planning for an Improved IRS

3 – Investors in Firm’s Conservation Easement Partnership Alerted to IRS Audit Developments

4 Applicant Sending Representatives to Fishery Meetings Furthers Members’ Business Interests, Resulting in (c)(3) Denial (Denial 202017031) Continue…

EO Tax Journal 2020-92

Paul Streckfus, May 12, 2020 at 5:28 am

1 – In the News

2 – Editor’s Notebook

3 Applicant that Maintains, Develops and Distributes Open Source Software Relating to Its Cryptocurrency Free to the Public Denied (c)(3) Status (Denial 202019028)

4 Applicant Serving Alcoholic Beverages to ‘Club Members’ Dining at a Restaurant Denied (c)(7) Status (Denial 202017037) Continue…

EO Tax Journal 2020-91

Paul Streckfus, May 11, 2020 at 5:18 am

1 – Editor’s Notebook

2 Income of Authority Engaged in Buying Commodities for Members Will Be Excluded from Gross Income under § 115(1) (PLR 202019026)

3 IRS Rules Transaction Involving Carbon Dioxide Offset Credits Resulting in Unusual Amount of Income Will Be One-Time Event and Not Derived from Active Conduct of Businesses under Section 501(c)(7) (PLR 202019027)

4 – Non-Member Income Results in Denial of (c)(7) Social Club Status (Denial 202015023) Continue…

EO Tax Journal 2020-90

Paul Streckfus, May 8, 2020 at 5:31 am

1 – Editor’s Notebook

2 Thirty Senators Support Legislation to Help Charitable Organizations

3 – Applicant Providing Death Benefits to Members Denied (c)(4) Status (Denial 202015024)

4 – Applicant Organizing Reunion and Gala Events that Benefit Family Denied (c)(3) Status (Denial 202016022)

5 – Applicant Providing Scholarships and Financial Aid to Family Members Denied (c)(3) Status (Denial 202016026) Continue…