To obtain a copy of any of these issues, please send an e-mail to the US-KPMG Washington National Tax.
December 2006
Issue |
Date |
Subject |
2006-108 |
December 29, 2006 |
IRS Issues Additional Guidance on Taxpayer Requests for Credit or Refund of Excise Tax on Long-Distance Telephone Services |
2006-107 |
December 21, 2006 |
Sixth Circuit Affirms Tax Court: Conservation Easement Donations Qualified Under Section 170 |
2006-106 |
December 20, 2006 |
President Bush Signs Legislation Containing Extenders and Other Tax Provisions |
2006-105 |
December 14, 2006 |
CBO Report: Nonprofit Hospitals and the Provision of Community Benefits |
2006-104 |
December 14, 2006 |
IRS Issues Reminder of Recent Tax Law Changes Affecting Certain Donations to Charities; Tips for Year-End Donations |
2006-103 |
December 12, 2006 |
CBO Report: Nonprofit Hospitals and Tax Arbitrage |
2006-102 |
December 11, 2006 |
Summary (Table Format) of Certain Tax Provisions in Extenders Bill |
2006-101 |
December 8, 2006 |
Follow-up Discussion of IRS Guidance Concerning Supporting Organizations and Donor Advised Funds |
2006-100 |
December 7, 2006 |
Senate Finance Committee Addresses Tax Exemptions, Incentives for Higher Education |
2006-99 |
December 5, 2006 |
IRS Issues Interim Guidance Concerning Supporting Organizations and Donor Advised Funds |
2006-98 |
December 1, 2006 |
IRS Guidance on Recordkeeping Requirements for Charitable Contributions Made by Payroll Deduction |
2006-97 |
December 1, 2006 |
IRS Notice on Reporting, Withholding for Amounts Includible in Gross Income Under Section 409A |
November 2006
Issue |
Date |
Subject |
2006-96 |
November 21, 2006 |
IRS Revenue Ruling Addresses Use of Smartcards, Debit Cards for Qualified Transportation Fringe Benefits |
2006-95 |
November 16, 2006 |
IRS Provides Formula for Tax-Exempt Organizations to Use in Estimating Their Federal Telephone Excise Tax Refund |
2006-94 |
November 15, 2006 |
Second Circuit: ERISA Does Not Preempt State UBTI |
2006-93 |
November 10, 2006 |
IRS Releases FY 2007 Exempt Organization Implementing Guidelines |
2006-92 |
November 10, 2006 |
IRS Revenue Ruling Addresses Certain Per Diem Expense Reimbursement Arrangements |
2006-91 |
November 7, 2006 |
IRS Announces Procedures for 501(c)(3) Organizations to Change Public Charity Classification |
2006-90 |
November 1, 2006 |
IRS Announces Increased Standard Mileage Allowance of 48.5 Cents Per Mile for 2007; Mileage Rate for Charitable Activities Remains 14 Cents Per Mile |
October 2006
Issue |
Date |
Subject |
2006-89 |
October 27, 2006 |
IRS Rules for Charitable Remainder Trusts That Are Partners in Partnership or Shareholders in REITs |
2006-88 |
October 20, 2006 |
Final Regulations on Electronic Benefit Notices, Elections, and Consents |
2006-87 |
October 19, 2006 |
IRS Provides Transitional Guidance Concerning the Definitions of “Qualified Appraisal” and “Qualified Appraiser” |
2006-86 |
October 18, 2006 |
Proposed Regulations Provide Guidance to State and Local Issuers of Tax-Exempt Bonds for Applying the Private Security or Payment Test |
2006-85 |
October 17, 2006 |
IRS Releases e-File Signature Form for Use by Exempt Organizations |
2006-84 |
October 4, 2006 |
IRS Notice on Information Reporting for Payments of Interest on Tax-Exempt Bonds |
2006-83 |
October 4, 2006 |
IRS Delays Effective Date of Final Regulations Under Section 409A |
2006-82 |
October 3, 2006 |
IRS Updates Rev. Proc. 2005-67 Concerning Employee Lodging, Meals, and Incidental Expenses |
2006-81 |
October 3, 2006 |
Illinois Hospital Denied State Property Tax Exemption |
2006-80 |
October 2, 2006 |
IRS Notice Provides Transition Relief for Indian Tribal Governmental Plans |
September 2006
Issue |
Date |
Subject |
2006-79 |
September 29, 2006 |
IRS Guidance on Excise Tax Exemption for Blood Collector Organizations |
2006-78 |
September 29, 2006 |
Treasury Releases Updated Anti-Terrorist Financing Guidelines for U.S.-Based Charities |
2006-77 |
September 27, 2006 |
IRS Procedures for Issuers of Tax-Exempt Bonds to Request Administrative Appeal of Proposed Adverse Determination |
2006-76 |
September 26, 2006 |
IRS Revokes Tax-Exempt Status of Non-Operating Section 501(c)(3) Organization |
2006-75 |
September 25, 2006 |
Proposed Regulations Provide Guidance to Certain Issuers of Tax-Exempt Bonds for Applying Private Activity Bond Restrictions |
2006-74 |
September 15, 2006 |
Senate Finance Committee’s Hearing on Nonprofit Hospitals, Charitable Care, and Community Benefit Standards |
2006-73 |
September 13, 2006 |
IRS Rules Charity’s Operation of Convention Center Lessens the Burdens of Government |
2006-72 |
September 13, 2006 |
IRS Releases Q&A on Reporting Rules for Qualified Tuition and Related Expenses |
August 2006
Issue |
Date |
Subject |
2006-71 |
August 29, 2006 |
IRS Delays Effective Date for Regulations Concerning Section 403(b) Plans |
2006-70 |
August 28, 2006 |
IRS Rules Entity Formed to Conduct Group Services Activities Is Cooperative |
2006-69 |
August 23, 2006 |
Provisions in Pension Protection Act of 2006 Affecting Charitable Contributions and Exempt Organizations |
2006-68 |
August 18, 2006 |
IRS 2006-2007 Priority Guidance Plan Includes Exempt Organization Items |
2006-67 |
August 17, 2006 |
President Bush Signs the Pension Protection Act of 2006; Charitable Provisions Effective on “Date of Enactment” Are Effective Today |
2006-66 |
August 15, 2006 |
IRS Rules Plan Reimbursements for Medical Expenses Are Not Excludable from Employees’ Income if Plan Fails Section 105(b) |
2006-65 |
August 8, 2006 |
Proposed Regulations Will Define “Essential Governmental Function” for Indian Tribal Governments |
2006-64 |
August 8, 2006 |
Recent Developments Concerning Retirement Plans |
2006-63 |
August 4, 2006 |
Senate Approves Pension Legislation (Including Charitable Contribution and Exempt Organization Provisions) Before August Recess |
July 2006
Issue |
Date |
Subject |
2006-62 |
July 31, 2006 |
Grassley Disappointed with GAO Survey Results Regarding Nonprofit Hospital Compensation Practices |
2006-61 |
July 27, 2006 |
District Court Determines Medical Residents' Qualification for Student FICA Exception Depends on Facts and Circumstances |
2006-60 |
July 24, 2006 |
Final Regulations on Withholding for Supplemental Wages |
2006-59 |
July 24, 2006 |
Finance Committee Leaders Ask President to Support Charitable Organization Reforms |
2006-58 |
July 20, 2006 |
Final Regulations on Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans |
2006-57 |
July 19, 2006 |
IRS Spring 2006 Statistics of Income Bulletin Includes Information on Noncash Charitable Contributions |
2006-56 |
July 18, 2006 |
Finance Committee Chairman Grassley Asks Treasury for Commitment to Revise Hospital Exemption Standards |
2006-55 |
July 17, 2006 |
Week in Review: Recap of Recent Tax Developments Selected for Exempt Organizations |
2006-54 |
July 13, 2006 |
Fifth Circuit Reverses Tax Court’s Finding That Owners of Home Healthcare Agencies Were Liable for Intermediate Sanctions Excise Taxes |
2006-53 |
July 12, 2006 |
IRS Issues Q&As on New Excise Taxes and Disclosure Rules Targeting Prohibited Tax Shelter Transactions with Tax-Exempt Entities as Parties |
2006-52 |
July 11, 2006 |
IRS Revises Form 1023, Application for Recognition of Exemption, and Instructions |
June 2006
Issue |
Date |
Subject |
2006-51 |
June 29, 2006 |
IRS Rules That Subpart F Income Is Not UBTI |
2006-50 |
June 29, 2006 |
IRS Report on Recent Federal, State and Local Governments Developments |
2006-49 |
June 29, 2006 |
IRS Advises Exempt Organization to Mail Annual Return and Unrelated Business Income Tax Return in Separate Envelopes |
2006-48 |
June 28, 2006 |
Bill Approved by Senate Finance Committee Includes Exempt Organization Provisions |
2006-47 |
June 20, 2006 |
Guidance on Leave-Sharing Plans to Assist Employees Affected by a Major Disaster |
2006-46 |
June 9, 2006 |
IRS Provides Toolkit to Help Governmental Employers With Their Federal Tax Obligations |
2006-45 |
June 8, 2006 |
Sixth Circuit: Tenure Buy-Out Payments Are Wages Subject to FICA |
2006-44 |
June 8, 2006 |
June 30th Deadline for Reporting Foreign Accounts |
2006-43 |
June 6, 2006 |
Senate Finance Committee Chairman Grassley Encourages IRS to Increase Enforcement Efforts in Tax-Exempt Sector |
2006-42 |
June 1, 2006 |
IRS Releases Updated Publications for Charities Operating Vehicle Donation Programs |
2006-41 |
June 1, 2006 |
IRS Reminds Charities to Avoid Political Campaign Activities |
May 2006
Issue |
Date |
Subject |
2006-40 |
May 31, 2006 |
GAO Report on Charities That Owe Payroll and Other Taxes |
2006-39 |
May 31, 2006 |
IRS Rules Parking Revenues Are Not Unrelated Business Taxable Income |
2006-38 |
May 30, 2006 |
IRS Releases FAQs Concerning Revised Form 990 |
2006-37 |
May 30, 2006 |
IRS Rules Proceeds of College’s Sale of Property Not Subject to Unrelated Business Income Tax |
2006-36 |
May 25, 2006 |
IRS Issues Guidance on Taxpayer Requests for Credit or Refund of Excise Tax on Long-Distance Telephone Services |
2006-35 |
May 25, 2006 |
Treasury Announces End to Long-Distance Telephone Excise Tax Dispute |
2006-34 |
May 25, 2006 |
Ways and Means Oversight Subcommittee Hearing on Charities and Employment Tax Compliance |
2006-33 |
May 25, 2006 |
IRS Discusses Compensation Issues for Exempt Organizations |
2006-32 |
May 24, 2006 |
IRS Enforcement Projects Focus on Tax-Exempt Hospitals |
2006-31 |
May 24, 2006 |
IRS Report on Tax-Exempt Credit Counseling Agencies |
2006-30 |
May 24, 2006 |
Provisions Relating to Tax-Exempt Organizations in the Tax Increase Prevention and Reconciliation Act of 2005 |
2006-29 |
May 18, 2006 |
Discussion: Court of Federal Claims Affirms IRS’s Denial of New Dynamics Foundations' Exemption Status |
2006-28 |
May 11, 2006 |
Legislative Update: Tax Increase Prevention and Reconciliation Act of 2005 |
2006-27 |
May 9, 2006 |
Supporting Organization’s Investment in Technology Center Will Not Jeopardize Tax-Exempt Status |
2006-26 |
May 9, 2006 |
Healthcare Entity’s Investments in For-Profit Corporation Will Not Jeopardize Exemption |
2006-25 |
May 5, 2006 |
IRS Updates Voluntary Correction Program for Retirement Plan Sponsors |
2006-24 |
May 5, 2006 |
Treasury Guidance for Processing Low Income Housing Tax Credit Limited Partnerships |
2006-23 |
May 5, 2006 |
Catholic Health Association Responds to Questions from Senator Grassley Regarding Nonprofit Hospital Practices |
2006-22 |
May 4, 2006 |
IRS Addresses Down-Payment-Assistance Programs, and Clarifies Seller-Funded Programs Do Not Qualify As Tax Exempt |
2006-21 |
May 2, 2006 |
IRS Issues Reminder to Large Tax-Exempt Organizations of May 15th Deadline for Electronic Filing of Returns |
April 2006
Issue |
Date |
Subject |
2006-20 |
April 27, 2006 |
Massachusetts to Impose Tax on Unrelated Business Income of Exempt Corporations |
2006-19 |
April 27, 2006 |
Holding Company Owning Hotel Denied Tax-Exempt Status |
2006-18 |
April 24, 2006 |
Guidelines Regarding the New IRS Form 990 Electronic Filing Mandate |
2006-17 |
April 3, 2006 |
IRS Publication Reminds Exempt Organizations of Tax Law Changes Effective for 2005 |
March 2006
Issue |
Date |
Subject |
2006-16 |
March 24, 2006 |
Senator Grassley Asks American Hospital Association to Respond to Nonprofit Hospital Reform Proposals |
2006-15 |
March 21, 2006 |
Legislative Update: JCT Side-by-Side Comparison of Revenue Effects of Pension Bills |
2006-14 |
March 21, 2006 |
IRS Rules Private Foundation’s Investment in Limited Partnership Is Passive and Not an Excess Business Holding |
2006-13 |
March 20, 2006 |
Congressional Hearing Addresses Use of Tax-Preferred Bond Financing |
2006-12 |
March 14, 2006 |
IRS Rules Income Earned by Nonprofit Corporation Acting as Public Procurement Unit for School Districts Is Excludable |
2006-11 |
March 14, 2006 |
Legislative Update: JCT Analysis of Tax Proposals in President’s FY 2007 Budget |
2006-10 |
March 9, 2006 |
First Periodic Update of the 2005-2006 Priority Guidance Plan; No Changes for Exempt Organizations |
2006-09 |
March 3, 2006 |
IRS Revises Forms 990, 990-EZ, and Schedule A; Changes Included for 2005 |
2006-08 |
March 3, 2006 |
IRS Revises Form 990-T Instructions, Includes Changes for 2005 |
February 2006
Issue |
Date |
Subject |
2006-07 |
February 24, 2006 |
IRS Issues Report, Guidance on Political Activity by Tax-Exempt Organizations |
2006-06 |
February 16, 2006 |
IRS Addresses Unrelated Business Income Tax Issues of Clinical Lab |
2006-05 |
February 3, 2006 |
IRS Extends the Safe Harbor for Charitable Remainder Annuity Trusts Regarding State-Law Elections of Surviving Spouses |
2006-04 |
February 1, 2006 |
Legislative Update: Tax Reconciliation, Pension Reform on Agenda as Congress Reconvenes |
January 2006
Issue |
Date |
Subject |
2006-03 |
January 9, 2006 |
2005 Form 990-PF Instructions Include Changes |
2006-02 |
January 6, 2006 |
IRS Guidance on Information Reporting by Organizations That Receive Charitable Contributions of Certain Motor Vehicles, Boats, and Airplanes |
2006-01 |
January 6, 2006 |
IRS Announces Launch of 2006 Filing Season |
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