1 – Today’s House Oversight Subcommittee Hearing
2 – Excerpt from Report Prepared for Today’s Senate Finance Committee Hearing titled “Education Tax Incentives and Tax Reform”
Focus on Congress
EO Tax Journal 2012-121
1 – ‘Something Called the Unrelated Business Income Tax’
2 – Boustany Announces Subcommittee Hearing
3 – Auto-Rev List Continues to Grow
4 – Political (c)(4)s — the Gift to Journalists that Keeps on Giving
5 – Tax Court and IRS Tough on Charitable Contributions
EO Tax Journal 2012-120
1 – Another Man Who Must Be Sent to the Guillotine
2 – Grassley Asks AHA Whether ‘It Wants to Continue to Be a Voice for Bad Actors’
EO Tax Journal 2012-119
1 – The LDS Church in the News
2 – The EOTJ Mailbag
3 – CRS Report on DAFs
EO Tax Journal 2012-104
1 – EO’s Recent Work Product (Denials, Revocations, Rulings)
2 – Eleven Republican Senators Critique IRS on Seeking Donor Information
3 – Foundation Source Joins COF in Seeking Rev. Proc. 92-94 Update
EO Tax Journal 2012-103
1 – Mitch McConnell’s Views of the IRS’s EO Function
2 – Summer Reading
3 – Does Federal Law Always Trump State Law?
EO Tax Journal 2012-88
1 – More on 1,300 Tax Lawyers Invade Washington
2 – Remarks of the IRS’s Preston Quesenberry on New Section 501(r) Requirement for Hospitals
3 – Baucus and Burr Quiz Veterans’ Group as Potential ‘Scam Artists’
EO Tax Journal 2012-85
1 – Oversight Hearing Held Yesterday
2 – Views on Nonprofit Governance (Part 2)
EO Tax Journal 2012-83
1 – Witness List for Wednesday’s Hearing
2 – EO’s Recent Work Product (Denials, Revocations, Rulings)
EO Tax Journal 2012-81
1 – Boustany Announces Hearing on Tax Exempt Organizations
2 – Hatch Demands IRS Investigate Potential Leak of Nonprofit’s Confidential Tax Information
3 – ABA Tax Section Recommends Revisions to Rev. Proc. 97-13 on Management Contracts
EO Tax Journal 2012-80
1 – EO’s Recent Work Product (Denials, Revocations, Rulings)
2 – Letter Writing Campaign on Behalf of Equivalency Determination Information Repositories?
3 – Plea for Permanency of IRA Contributions to Public Charities
EO Tax Journal 2012-64
1 – Lois Lerner Will Never Be Lonely as Long as Congress Is in Session
2 – Interview of Celia Roady
EO Tax Journal 2012-47
1 – The EOTJ Mailbag
2 – Latest Health Care Tax Developments
3 – More on Cato Institute
4 – Seven Democratic Senators Issue News Release and Send Another Letter to IRS re Political (c)(4)s
5 – Twelve Republican Senators Issue News Release and Send Letter to IRS re Political (c)(4)s
EO Tax Journal 2012-40
Can a (c)(3) be “owned” by four shareholders? I suppose it can, but read the article about the Cato Institute, reprinted below, and see what you think.
This has not been a good week for the IRS’ Exempt Organizations function. The Service has been taking it on the chin from both Democrats and Republicans over its handling of politicking by (c)(3)s and (c)(4)s; in addition, its handling of applications from nonprofit news organizations continues to come under fire. An article yesterday, reprinted below, gives an excellent summary of the complaints of Tea Party groups. Also yesterday the IRS received the following letter from Rep. Charles Boustany (R-Louisiana) to add to its miseries:
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1 – House Oversight Chairman Seeks Additional Information from the IRS on Tax-Exempt Sector Compliance, as Reports of IRS Questioning Grassroots Political Groups Raises New Concerns
EO Tax Journal 2012-31
1 – The EOTJ Mailbag
2 – Abuse of (c)(3)s on IRS’s Dirty Dozen List
3 – Seven Democratic Senators Ask Whether IRS Investigating Political (c)(4)s
4 – IRS Releases Updated Rules for IRS Communications with Appeals Office
EO Tax Journal 2011-210
1 – House Republicans Still Pushing for IRS Audit of AARP
2 – IRS Defines an Exclusive Island as a “Community,” Ignores Obvious Private Benefit?
EO Tax Journal 2011-189
1 – IRS Trio Reports on Recent Developments
2 – H.R. 3420 to ‘Facilitate’ PRIs by PFs
EO Tax Journal 2011-171
Yesterday’s Senate Finance Committee hearing on charitable giving, noted in last Friday’s email update, is available at http://finance.senate.gov, both a video of the hearing and the prepared statements of the five witnesses. What I found most interesting were the statements and information provided by Senator Grassley and the prepared testimony of Roger Colinvaux, which I’m reprinting below.
EO Tax Journal 2011-166
1 – The EOTJ Mailbag
Editor’s diatribe decried. Please keep those cards and letters coming.
2 – Chairman of House Oversight Subcommittee Seeks Information on IRS Efforts in the EO Area
EO Tax Journal 2011-122
1 – Grassley Amendment on Nonprofit Accountability Advances in Committee
2 – Practical Problems and Practical Solutions for Private Foundations
On July 6, I said that I’d have a transcript of the last panel of the May 6 meeting of the EO Committee of the ABA’s Tax Section “shortly.” So from now on I will define “shortly” as anything less than three weeks. Compare this with the IRS’s defintion of “soon,” which is anything less than thirty years. Also on July 6, I sent along the materials prepared for the last panel, which I’m sure everyone has read, but if not, you can refer back to email update 2011-112.
EO Tax Journal 2011-102
Today we have the latest installment of gift tax developments in the context of section 501(c)(4) organizations. For earlier reports, see email updates 2011-77, 2011-84, and 2011-91. First we have the June 3 letter of the Chairman of the House Ways and Means Committee, Dave Camp, to IRS Commissioner Douglas Shulman. Second, for those who have been ignoring these developments and want a quick review, I’m including a summary prepared by our friends at Caplin & Drysdale.
EO Tax Journal 2011-84
1 – Six Senate Republicans Query IRS on Section 501(c)(4) Gift Tax Enforcement
The IRS has brought this potential brouhaha on itself by years of inaction.
2 – Accountable Care Organizations
Everything you always wanted to know about ACOs but were afraid to ask.
EO Tax Journal 2011-69
1 – Weekend Reading: “Charity in the 21st Century”
2 – House Republicans Seek More Information from AARP
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1 – Weekend Reading: “Charity in the 21st Century”
For your weekend reading, I suggest “Charity in the 21st Century: Trending Toward Decay,” by Roger Colinvaux, Associate Professor of Law, Catholic University School of Law, that is in the latest Florida Tax Review. To access the article, go to http://ssrn.com/abstract=1809171.
EO Tax Journal 2011-62
1 – Old Business
2 – More on the AARP Hearing