EO Tax Journal

Ann Batlle and Marc Owens discussed IRS audits at the recent ALI-ABA conference, and today I have a transcript of their remarks. Last Thursday (Email Update 2010-161) I had the remarks of Peter Lorenzetti on EO audits from the IRS’ perspective. Continue…

1 – Is More Always Better?

2 – What the IRM has to say about TE/GE’s Roles and Responsibilities Continue…

Lots of good stuff is piling up on my desk, so I need to catch up over the next few days and my apologies for any delayed responses to incoming emails. Today, because of taping problems, I have abbreviated comments of Peter Lorenzetti, an IRS area manager, who discusses EO examinations. Most of the discussion should be familiar to those of you who are regularly engaged in audits, but he does mention a recent IRS move to a national EO closing agreement coordinator, Lisa Schultz, so that may be new news even for experienced hands. A recent letter from an EO revenue agent to me may add perspective to Peter’s comments. Tomorrow I will be commenting on the state of the EO function, and as homework I recommend, if you have time, reading Pablo Eisenberg’s article, “State and Federal Regulators Must Do More to Police Nonprofits,” that appears in the current issue (Nov. 4) of The Chronicle of Philanthropy.

I’m also including today an article from the Christian Science Monitor, “Advocacy Groups Won’t Get Supreme Court’s Ear on Campaign Finance,” that has been getting attention. If you can stand one more article on campaign finance, it’s recommended reading. Continue…

1 – Giants Win World Series

3 – Western Conference on Tax-Exempt Organizations Coming Up Continue…

A lot of fans of the Washington Redskins are going to be grumpy today, with the wheels coming off the bus after a loss that had been already counted as a win when the weekend began. I’m sure the Republicans aren’t expecting any such result tomorrow. To mark election day, I’m sending along the transcript of the recent ABA panel on the implications of Citizens United on exempt organizations. 

Citizens United: Implications of Corporate Political Free Speech for the EO Sector

What follows are the September 24 remarks of Greg Colvin, Adler & Colvin, San Francisco, Beth Kingsley, Harmon Curran Spielberg & Eisenberg, Washington, and Holly Schadler, Lichtman Trister & Ross, Washington, as delivered to members of the EO Committee of the ABA’s Tax Section. The moderator of the panel is Rosemary E. Fei, Adler & Colvin, San Francisco. Continue…