Archive for May, 2020

EO Tax Journal 2020-89

Paul Streckfus, May 7, 2020 at 5:42 am

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 – SBA Extends ‘Safe Harbor’ Date for Returning PPP Loan Funds, Says Guidance Coming Before New Date

4 – New Treasury Department Rule Further Strengthens Religious Liberty Protections for PPP Loan Borrowers; Also Exempts Work Study Students from Employee Counts

5 – Applicant Organizing Recreational and Social Events for Members Denied (c)(3) Status (Denial 202016021) Continue…

Current News and Developments, Editor's Notebook, PLRs, TAMs, and Denial Letters, The EOTJ Mailbag

EO Tax Journal 2020-88

Paul Streckfus, May 6, 2020 at 5:30 am

1 – Editor’s Notebook

2 – In the News

3 – Does Revocation 202001018 Deserve a Second Look?

4 – IRS Provides Temporary Guidance for Satisfying Section 147(f) Public Approval Requirement for Tax-Exempt Qualified Private Activity Bonds, Which Include 501(c)(3) Bonds (Rev. Proc. 2020-21)

5 – Operation of a Tavern in a Commercial Manner Outside Scope of Section 501(c)(3) (Denial 202016019) Continue…

Current News and Developments, Editor's Notebook, Focus on IRS and Treasury, PLRs, TAMs, and Denial Letters

EO Tax Journal 2020-87

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

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 – TEGE Exempt Organizations Update Webinar – Registration Open

4 – Surviving the Pandemic: Using Endowment and Restricted Charitable Funds in the COVID-19 Crisis

5 – In the News

6 – Congressional Investigations: A Month In, Congress Signals Close Scrutiny of CARES Act and Paycheck Protection Program

7 – IRS Rules Services to Members Precludes (c)(6) Status (Denial 202018008) Continue…

Current News and Developments, Editor's Notebook, Focus on Congress, PLRs, TAMs, and Denial Letters, Program Announcements, The EOTJ Mailbag

EO Tax Journal 2020-86

Paul Streckfus, May 4, 2020 at 5:15 am

1 – Editor’s Notebook

2 – Notice Proposing Revenue Procedure Updating Group Exemption Letter Program (Notice 2020-36) Continue…

Editor's Notebook, Focus on IRS and Treasury

EO Tax Journal 2020-85

Paul Streckfus, May 1, 2020 at 5:18 am

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 – NASCO Releases Annual Report on State Enforcement and Regulation

4 – Form 1023 Paper Submission Transition Period Expired April 30

5 – Breaking News: Nonprofits Are Not Eligible for the Main Street Lending Program

6 – Independent Sector Asks Congress to Act

7 – NCN: DOL Issues Breathtakingly Cruel Guidance Inflicting Billions in Immediate Costs onto Charitable Organizations Struggling to Serve Their Communities

8 – SBA, Treasury to Evaluate Borrowers’ Eligibility for PPP Loans Amidst Criticism of Large Companies Obtaining Funds

9 – Applicant’s Social and Recreational Activities Result in Denial of (c)(3) Status (Denial 202015019)

10 – Applicant’s Extensive Agricultural Activities Result in Denial of (c)(3) Status (Denial 202015027) Continue…

Current News and Developments, Editor's Notebook, Focus on Congress, Focus on IRS and Treasury, PLRs, TAMs, and Denial Letters, State Tax Developments, The EOTJ Mailbag

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