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Citizens for Responsibility and Ethics in Washington, a 501(c)(3) independent political watchdog organization known for its annual report of the most corrupt members of Congress, has filed suit in U.S. District Court against the Treasury and IRS seeking 1) to compel... |
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In May 17, 2013 testimony before the House Ways and Means Committee, Treasury Inspector General for Tax Administration, J. Russell George stated the IRS used inappropriate criteria that identified for review Tea Party and other organizations applying for tax-exempt... |
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The IRS has published a list of frequently asked questions and answers regarding record keeping requirements for tax-exempt organizations, the types of activities in which they can engage, and notification requirements when material changes occur in their purposes... |
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For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, Revenue Ruling 2013-12 indicates the applicable federal rate under section 7520 for June 2013 is 1.2%; unchanged from the... |
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The Internal Revenue Service launched its Colleges and Universities Compliance Project (CUCP) in 2008 when it distributed detailed questionnaires to 400 colleges and universities,... |
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Writing in response to a request for comments on proposed regulations dealing with the Net Investment Income Tax, Jeffrey A. Porter from AICPA recommends that Treasury 1) exclude pooled income funds from taxes on net investment income; and 2) provide that NII... |
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The IRS has ruled privately that a private foundation's scholarship grants to individuals who have been diagnosed (or members of their immediate family) with a specific medical condition and who meet other specific criteria are not prohibited taxable expenditures... |
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Responding to a request for Chief Counsel Advice, the IRS has advised the location of a substantial portion of donated real property within the boundaries of a national park results in a restriction on the property's highest and best use as a mineral property, and... |
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The Tax Court has held that a series of trusts, which included a charitable remainder annuity trust, formed by a physician and his wife according to the instructions of a... |
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The IRS has ruled privately that if certain section 1250 property (depreciable real property) is contributed to one or more tax-exempt organizations by a corporate donor, the charitable deduction attributable to the value of that contribution will not be reduced by... |
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Rep. F. James Sensenbrenner Jr., R-WI, has introduced H.R. 1479, that would amend the Internal Revenue Code of 1986 to remove the deduction for charitable contributions from the overall limitation on itemized deductions. |
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The IRS has ruled privately that expenditures by a private foundation in connection with awarding educational mentorship grants will not be taxable to the foundation. |
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The IRS has requested comments concerning Form 1041 and related Schedules D, J, and K-1, U.S. Income Tax Return for Estates and Trusts. Written comments should be received on or before June 24, 2013 to be assured of consideration. |
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The IRS has requested public comments on information collections on conservation easements under regulation section 1.170A-14.... |
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The IRS is soliciting comments concerning the substantiation of charitable contributions under regulation section 1.170A-13. Written comments should be received on or before June 17, 2013 to be assured of consideration. |
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The Service has ruled privately that a settlement in connection with bona fide will contest will entitle an estate to a charitable deduction under section 2055(a) for amounts passing to charity pursuant to the settlement. |
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For purposes of determining the present value of an annuity, an interest for life or a term of... |
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It’s sad but true. Following major disasters and tragedies, scam artists impersonate charities to steal money or get private information from well-intentioned... |
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An information request to the IRS asked about the deductibility under § 170(h) of a conservation easement that allows for extinguishment... |
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The IRS has ruled privately that a ranch owned by a 501(c)(3) organization is being used and held by it for use directly in carrying out its charitable, educational and... |
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Recent activity
Fiscal Cliff Legislation Extends Charitable IRA Rollovers Through 2013; Special Provision for 2012 Gifts
Online Tool to Check Charitable Organizations
Issuance of Units from Organization's Endowment Fund to CRT Does Not Cause UBTI
Standard Automobile Mileage Rates for 2012
IRS Releases Publication on Donating Cars to Charity
Attorney Suggests Three Exceptions/Clarifications to Charitable Appraisal Rules
ACGA Issues Statement on Incentives for Charitable Giving
Obama Targeting Charitable Deduction to Fund Jobs Bill
Bill Would Modify Vehicle Donation Rules
Donated Funds and Tax Liens
March 7520 Rate Increases to 3.0%
IRS Releases Revised Pub. 526 - Charitable Contributions