1 – Editor’s Notebook
2 – IRS and State AG Audits of Charities and Nonprofits
3 – Filing Relief for Form 990-N and Certain Declaratory Judgment Actions (Notice 2020-35)
Month: May 2020
EO Tax Journal 2020-103
1 – Editor’s Notebook
2 – In the News
3 – Updated FAQs on Employee Retention Credit and PPP Repayments
4 – Homeowners’ Association Maintaining Common Areas Denied (c)(3) Status (Denial 202015026)
5 – Condominium Association Denied (c)(4) Status, Based on Rev. Rul. 74-17 (Denial 202015028)
6 – Condominium Association for a Medical Office Building Denied (c)(4) Status (Denial 202021024)
EO Tax Journal 2020-102
1 – Editor’s Notebook
2 – Treasury, IRS Issue Final Regulations Providing Relief for Certain Tax-Exempt Organizations (IR-2020-103)
3 – Text of Final Schedule B Regulations
EO Tax Journal 2020-101
1 – Editor’s Notebook
2 – In the News
3 – Former Taxpayer Advocate Nina Olson Addressed Continuing Problems with the Form 1023-EZ
4 – Trustee’s Distribution of Remaining Trust Principal to Remainder Beneficiaries Will Not Constitute an Act of Self-Dealing under Section 4941 (PLR 202021001)
EO Tax Journal 2020-100
1 – Memorial Day 2020
2 – Andy Keyso Named Chief of IRS Independent Office of Appeals
3 – More on Controversial PLR 202005020
4 – Section 501(c)(6) Organization Conducting Competitions Among Mechanics Denied 501(c)(3) Status (Denial 202017035)
EO Tax Journal 2020-99
1 – Quote of the Week
2 – Editor’s Notebook
3 – In the News
4 – Call for Temporary 10% Payout by Foundations and DAFs
5 – Council on Foundations Urges More COVID-19 Legislation
6 – Applicant’s Training of Disabled Veterans Incidental to For-Profit Activities (Denial 202015034)
EO Tax Journal 2020-98
1 – Coronavirus Humor Update
2 – In the News
3 – Forgiveness in the Time of ‘Corona’: Deciphering the Newly Issued PPP Loan Forgiveness Application
4 – ABA Submits Recommendations re Implementation of Tax Provisions of CARES Act
EO Tax Journal 2020-97
1 – A Little EO Humor from McSweeney’s Daily Humor Website
2 – DC Bar Session Discusses Proposed Section 512(a)(6) Regulations
3 – SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
4 – Applicant Providing Consulting and Research Services for a Fee Denied (c)(3) Status (Denial 202020024)
EO Tax Journal 2020-96
1 – Editor’s Notebook
2 – Office of Chief Counsel Releases List of Charitable Contribution Cases
EO Tax Journal 2020-95
1 – The EOTJ Mailbag
2 – Editor’s Notebook
3 – SBA Further Extends ‘Safe Harbor’ Date to May 18 for Returning PPP Loan Funds
4 – Eleventh Circuit Reverses Tax Court and Allows Golf Course Conservation Easement (Champions Retreat v. Commissioner)
EO Tax Journal 2020-94
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)
EO Tax Journal 2020-93
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)
EO Tax Journal 2020-92
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)
EO Tax Journal 2020-91
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)
EO Tax Journal 2020-90
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)
EO Tax Journal 2020-89
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)
EO Tax Journal 2020-88
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)
EO Tax Journal 2020-87
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)
EO Tax Journal 2020-86
1 – Editor’s Notebook
2 – Notice Proposing Revenue Procedure Updating Group Exemption Letter Program (Notice 2020-36)
EO Tax Journal 2020-85
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)