IRS Notices

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6 Oct 2008 | IRS Notices | National Publication | News story | 2 comments
Treasury has issued Notice 2008-90 in which it announces that the Internal Revenue Service (Service) and the Treasury Department are studying the computation of the deductible amount and adjustment to cost of goods sold for charitable contributions of inventory...
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14 May 2008 | IRS Notices | National Publication | News story
The IRS has provided interim guidance on the requirement that section 501(c)(3) organizations (charities) make available for public inspection Forms 990-T, Exempt Organization Business Income Tax Return.
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28 Feb 2008 | IRS Notices | National Publication | News story
The IRS has issued interim guidance and requested comments on the treatment under IRC
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8 Feb 2008 | IRS Notices | National Publication | News story
The IRS has issued Notice 2008-13 which provides guidance regarding implementation of the tax return preparer penalty provisions under section 6694 and the related definitional provisions under IRC section 7701(a)(36), as amended by the Small Business and Work...
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9 Jan 2008 | IRS Notices | National Publication | News story
The IRS has issued rules under IRC §170(f)(17) for substantiating lump-sum charitable contributions made through the Combined Federal Campaign (CFC) or a similar program (e.g., a United Way Campaign) as required by section 1217 of the Pension Protection Act of...
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26 Dec 2007 | IRS Notices | National Publication | News story
The IRS has issued transitional relief and filing procedures for certain charitable trusts that fail the responsiveness test for Type III supporting organizations. The procedures are intended for charitable trusts that received a determination recognizing their tax-...
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1 Oct 2007 | IRS Notices | National Publication | News story
In a notice of proposed rulemaking, the IRS and Treasury have announced proposals regarding the payout requirements for Type III supporting organizations that are not functionally integrated, the criteria for determining whether a Type III supporting organization is...
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18 Sep 2007 | IRS Notices | National Publication | News story
The Service has issued Notice 2007-70 which changes where charitable organization that receive gifts of qualified vehicles such as autos, airplanes, and boats with claimed values exceeding $500 are to file a completed Forms 1098-C and 1096 for years ending on or after...
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16 Aug 2007 | IRS Notices | National Publication | News story
In response to requests to Treasury by Senators Charles Grassley and Max Baucus regarding what they describe as an abusive transaction involving the contribution of non-cash property to charity and the claiming of a charitable deduction that substantially exceeds the...
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3 Aug 2007 | IRS Notices | National Publication | News story
Susan P. Serota, Chair of the American Bar Association Section of Taxation has submitted unofficial comments and recommendations on behalf of section members in response to the IRS Notice 2007-21 Treasury Study on donor advised funds and supporting organizations as...
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14 Jun 2007 | IRS Notices | National Publication | News story
The Service has issued Notice 2007-50 which provides guidance on new percentage limitations imposed by new Code section 170(b)(1)(E) on qualified conservation contributions made by individuals. The new section was created by the Pension Protection Act of 2006 and is...
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Tanya Howe Johnson, President & CEO of the National Committee on Planned Giving, writing on behalf of the NCPG Task Force on Donor Advised Funds, has submitted comments in response to Notice 2007-21 as requested by the Pension Protection Act of 2006.
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7 Jun 2007 | IRS Notices | National Publication | News story
The United Jewish Communities has responded to Notice 2007-21 in which Treasury and IRS invited public comments regarding a study being conducted on the organization and operation of donor advised funds and supporting organizations as required by the Pension Protection...
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7 Jun 2007 | IRS Notices | National Publication | News story
Patrick C. Gallagher, Chair of the New York State Bar Association has submitted comments in response to Notice 2007-21 in which public comments regarding the organization and operation of donor advised funds and supporting organizations were requested by the IRS and...
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9 May 2007 | IRS Notices | National Publication | News story
The IRS has issued Notice 2007-45 that provides interim guidance on section 6104(d)(1)(A)(ii) of the Internal Revenue Code, added by the Pension Protection Act of 2006. Imposed is a new requirement on all organizations exempt under section 501(a) and described in...
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18 Apr 2007 | IRS Notices | National Publication | News story
The Council on Foundations has responded to IRS Notice 2007-21 in which Treasury and IRS invited public comments regarding a study being conducted on the organization and operation of donor advised funds and supporting organizations as required by the Pension...
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18 Apr 2007 | IRS Notices | National Publication | News story
Individual members of the Charitable Planning and Organizations Group of the American Bar Association, Section of Real Property, Probate and Trust Law, under task force leader Professor Christopher R. Hoyt have responded to IRS Notice 2007-21 in which Treasury and IRS...
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1 Mar 2007 | IRS Notices | National Publication | News story
Writing on behalf members of the ABA Section of Real Property, Probate, and Trust Law, Christine Albright has submitted comments and concerns on guidance on the appraiser requirements for charitable contributions of property.
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16 Feb 2007 | IRS Notices | National Publication | News story
Sotheby's Inc. has submitted concerns to Treasury in response to Notice 2006-96 suggesting the requisite experience and education of a qualified appraiser contained in the notice may unintentionally prevent many highly qualified Sotheby's specialists from being able to...
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8 Feb 2007 | IRS Notices | National Publication | News story
The IRS has issued guidance under section 4965 of the Internal Revenue Code to tax-exempt entities described in section 4965(c) that may be parties to prohibited tax shelter transactions.
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Define: IRS Notices

A notice is a public pronouncement that may contain guidance that involves substantive interpretations of the Internal Revenue Code or other provisions of the law. For example, notices can be used to relate what regulations will say in situations where the regulations may not be published in the immediate future. Notices are also used by the IRS to notify the public and IRS staff regarding specific transactions that have come to its attention and how it might respond to them.

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