This item addresses key issues concerning old and new tax rules related to tax-exempt trusts, including most pension funds.
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Tax-Exempt Organizations
Benefiting others: Supporting organizations and the boundaries of the operational test
This item reviews how regulations, case law, and IRS guidance address the issue of whether supporting organizations can make grants to other public charities that are not their supported organizations.
IRS issues guidance on disallowance of deductions for parking fringe benefits
The IRS issued guidance outlining how to determine the amount of parking expense that is nondeductible under Sec. 274(a)(4) when employers provide parking for their employees.
IRS explains disallowance of qualified transportation fringe benefits for parking
The IRS issued guidance outlining how to determine the amount of parking expense that is nondeductible under Sec. 274(a)(4) when employers provide parking for their employees.
IRS provides guidance for applying UBTI ‘silo’ rules
Notice 2018-67 provides interim and transition rules for aggregating qualifying partnership interests.
Economic development corporations: Often misunderstood tax-exempt organizations
EDCs should be aware of both the regulatory foundation for an exemption and the various IRS authorities on EDCs.
Many tax-exempt organizations no longer need to list donor information
News IRS procedures eliminate the requirement for many exempt organizations to list certain substantial donors’ names and addresses on some forms.
State and local tax implications of federal tax reform for tax-exempt organizations
Tax-exempt organizations and state taxing authorities may not yet have had time to consider how the federal changes may affect each other.
Charitable contribution procedures updated
The IRS issued new procedures for contributions to charitable organizations, including rules for when donors can rely on the information about an organization’s tax-exempt status on the IRS database Tax Exempt Organization Search.
Executive compensation planning for tax-exempt organizations
The TCJA added new Sec. 4960, which imposes an excise tax on tax-exempt organizations that pay excessive compensation.
Bunching charitable donations after the new tax law
A potential side effect of fewer taxpayers itemizing their deductions is that these taxpayers may choose to reduce or eliminate charitable contributions.
Streamlined tax-exemption application asks for mission and activities
The 2018 revision to Form 1023-EZ includes a new
requirement that organizations describe to the IRS their mission or most significant activities.
Form 1023-EZ will ask applicants for mission and activities
The streamlined application for tax-exempt status will ask organizations to describe their mission and activities for the first time.
Contributions to quasi-governmental public-private partnerships
This article describes the requirements for an organization to meet Sec. 115(1).
What proposed regulations on the fractions rule mean for tax-exempt organizations
Proposed regulations could present tax-saving opportunities for qualified organizations that invest in partnerships.
Fee-for-service activities: Two paths to ‘substantially related’
Sec. 501(c)(3) organizations that engage in fee-for-service activities need to consider whether a given activity furthers or is “substantially related” to an exempt purpose.
Information Document Requests From TE/GE Examiners Are Subject to New Rules
Examiners in the IRS Tax Exempt and Government Entities Division have new procedures.
New Form 990-EZ Has Help Icons to Aid Exempt Organizations in Filing
The IRS announces new Form 990-EZ with help icons to assist organizations with accurate filing .
IRS Revises Safe Harbor for Private Business Use of Tax-Exempt Bond Financed Property
The IRS issued new safe-harbor procedures under
which a management contract does not result in private business use of property financed with governmental tax-exempt bonds.
New Rules Issued for IDRs From TE/GE Examiners
The rules, which go into effect April 1, 2017, apply to IRS examiners from the Tax Exempt/Government Entities division and specify best practices in issuing information document requests in the course of an audit.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
