Earlier this year, we posted about some of the unanswered questions raised by the new investment income tax (Section 4968)…
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IRS Developments
SALT Update: Proposed Regulations Won’t Restrict Business Deductions, But Impact Likely Still Severe
We discussed last week the proposed regulations that will limit the charitable deduction for contributions to state tax credit programs,…
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IRS Provides Some Clarity and Seeks Comments on UBTI “Silo” Rule
As we’ve blogged about previously, the Tax Cuts and Jobs Act brought about some major changes in the area of…
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Changes in Donor Disclosure Rules for Some Exempt Organizations
The IRS has just announced that certain exempt organizations will no longer need to provide donor information on their Form 990s….
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Not So Fast: ABA Recommends Delay of UBIT “Silo Rule” Until IRS Issues Regulations
We’ve blogged quite a bit about changes affecting the exempt sector under the Tax Cuts and Jobs Act. One change…
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IRS Launches New Tax Exempt Organization Search
The IRS this week launched its new online Tax Exempt Organization Search tool—TEOS for short—which replaces the EO Select Check…
READ MORE Changes Afoot for Tax-Exempt Organization Filings
The IRS has been a bit busy lately, as it has released several new or updated forms as well as…
READ MORE New Tax Law Focus: Investment Income Tax will Snag Some Private Universities
This post continues our focus on the Tax Cuts and Jobs Act provisions that affect the tax-exempt sector. One such provision…
READ MORE Checking Its List: IRS Guidance on Donor Advised Funds is (Finally) Coming
It certainly has been busy lately in the tax world, with the passage of the tax bill, and we will…
READ MORE Changes Coming to Short-Form 1023-EZ
Early next year, the IRS is planning to implement some changes to the Form 1023-EZ that will require users to…
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