Archive for August, 2022

EO Tax Journal 2022-163

Paul Streckfus, August 30, 2022 at 5:45 am

1 – Editor’s Notebook

2 Threats to Weaponize the IRS Will Not Deter the Family Research Council

3 Maintenance and Operation of a Cemetery that Includes Sales to the Public Denied (c)(3) Status (Denial 202234007) Continue…

EO Tax Journal 2022-162

Paul Streckfus, August 29, 2022 at 5:41 am

1 – Quote of the Week

2 – Editor’s Notebook

3 – In the News

4 – Report of Interest

5 – IRS Provides Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020 (IR-2022-155),

6 Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020 (Notice 2022-36) Continue…

EO Tax Journal 2022-161

Paul Streckfus, August 26, 2022 at 5:27 am

1 – Editor’s Notebook

2 – In the News

3 Firm Requests that PGP Include Guidance that Branch Profits Tax Is Not Applicable to Foreign Exempt Organizations that have UBTI under Section 512(a)(2)

4 – An Estate Is Not Entitled to an Estate Tax Deduction under § 2055 or § 2056 for the Portion of a Unitrust Interest that May Be Distributed Either to Charity or Decedent’s Spouse at the Discretion of a Trustee Continue…

EO Tax Journal 2022-160

Paul Streckfus, August 25, 2022 at 5:49 am

1 – Editor’s Notebook

2 – Billionaire Donates $1.6 Billion in Stock to (c)(4) Trust

3 – Article of Interest

4 – A DP’s Favorite Words: Incidental or Tenuous

5 EO Snapshot: Private Foundations: Incidental and Tenuous Exception to Self-Dealing Under Treas. Reg. 53.4941(d)-2(f)(2) Continue…

EO Tax Journal 2022-159

Paul Streckfus, August 23, 2022 at 5:32 am

1 – Editor’s Notebook

2 Compilation and Correction of Filing Tips from Email Updates 156, 157, and 158

3 – ABA’s EO Committee to Meet Virtually on September 8

4 – IRS Appeals Invites Input on Enhancing Video Conference Options for Taxpayers and Tax Professionals

5 – Lack of Capacity to Litigate May Result in Dismissal of Petitioner’s Case (XC Foundation v. Commissioner) Continue…