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December 2007
Issue |
Date |
Subject |
2007-152 |
December 26, 2007 |
IRS Issues Transition Relief and Filing Procedures for Certain Type III Supporting Organizations |
2007-151 |
December 26, 2007 |
Discussion of Changes in Final Redesigned Form 990 |
2007-150 |
December 21, 2007 |
Proposed Deferral of FASB Interpretation 48 for Nonpublic Entities |
2007-149 |
December 20, 2007 |
IRS Releases Redesigned Form 990 for 2008 (to Be Filed in 2009) |
2007-148 |
December 14, 2007 |
IRS Provides FY 2008 Exempt Organization Implementing Guidelines |
2007-147 |
December 3, 2007 |
IRS Provides Transition Relief, Methods to Correct Failures of Nonqualified Plans to Comply with Section 409A(a) |
November 2007
Issue |
Date |
Subject |
2007-146 |
December 3, 2007 |
IRS Modifies Earlier Guidance on Payments of Certain Health Insurance Premiums by Pension Plans Relating to Retired Public Safety Officers |
2007-145 |
November 29, 2007 |
IRS Provides 2007 Cumulative List of Changes in Plan Qualification Requirements |
2007-144 |
November 28, 2007 |
IRS Provides Model Language Relating to Section 403(b) Plans |
2007-143 |
November 28, 2007 |
IRS Announces 2008 Standard Mileage Rates; Rate for Business Miles Set at 50.5 Cents per Mile |
2007-142 |
November 21, 2007 |
IRS Commissioner (TE/GE) Discusses Issues Facing the Charitable Sector |
2007-141 |
November 19, 2007 |
IRS Reminds Charities and Churches of Ban on Political Activity |
2007-140 |
November 15, 2007 |
IRS Provides Sample Notice for Qualified Automatic Contribution Arrangements |
2007-139 |
November 15, 2007 |
Rules for Qualified Public Educational Institutions Purchasing Annuity Contracts for Employees Under Salary Reduction Agreements |
2007-138 |
November 14, 2007 |
Regulations Provide Guidance Relating to the Notification Rules for Exempt Organizations Not Required to File Annual Information Return |
2007-137 |
November 13, 2007 |
Chicago Hospitals Respond to Cook County Assessor’s Report |
2007-136 |
November 12, 2007 |
IRS Updates Comments on Good Governance Practices Discussion Draft |
2007-135 |
November 9, 2007 |
Final Regulations on Electronic Filing of Returns by Exempt Organizations Required to File Returns |
2007-134 |
November 7, 2007 |
FASB Defers Effective Date of FIN 48 for Nonpublic Entities |
2007-133 |
November 7, 2007 |
Text of Proposed Regulations Relating to Qualified Automatic Contribution Arrangements |
2007-132 |
November 2, 2007 |
Third Circuit Finds Early Retirement Payments Made by University Are Wages Subject to FICA |
2007-131 |
November 1, 2007 |
IRS Official Comments on College and University Compliance Questionnaire and Draft Form 990 |
October 2007
Issue |
Date |
Subject |
2007-130 |
October 31, 2007 |
Senator Grassley Holds “Roundtable” on Non-Profit Hospitals |
2007-129 |
October 23, 2007 |
IRS Extends Reporting, Withholding Relief for 2007 Concerning Amounts Includible in Gross Income Under Section 409A |
2007-128 |
October 23, 2007 |
IRS Provides Form for Exempt Organizations to Authenticate Electronically Filed Returns |
2007-127 |
October 22, 2007 |
IRS Provides Additional Transition Relief Under Section 409A |
2007-126 |
October 22, 2007 |
IRS Issues Community Foundation Compliance Questionnaires |
2007-125 |
October 19, 2007 |
Charities That Participated in Transactions May Receive Notice of IRS Examination |
2007-124 |
October 18, 2007 |
IRS Releases Inflation Adjustments for the 2008 Tax Year |
2007-123 |
October 12, 2007 |
IRS Releases Publications for 501(c)(3) Organizations |
2007-122 |
October 12, 2007 |
College, University Associations Urge Senate Finance Committee to Allow Institutions to Manage Their Endowments |
2007-121 |
October 11, 2007 |
IRS Official's Comments on Changes to Draft Form 990 |
2007-120 |
October 10, 2007 |
California Simplifies the Procedure for Obtaining Exemptions from Franchise Tax, State Corporate Income Tax |
2007-119 |
October 4, 2007 |
IRS Corrects Extension Errors |
2007-118 |
October 2, 2007 |
Conservation Provisions Included in Pending Senate Finance Bill |
September 2007
Issue |
Date |
Subject |
2007-117 |
September 28, 2007 |
IRS Provides New Determination Guidelines for Section 509(a)(3) Organizations |
2007-116 |
September 28, 2007 |
IRS Updates Rules for Determining Substantiation of Employee Lodging, Meals, and Incidental Expenses |
2007-115 |
September 25, 2007 |
Ways and Means Subcommittee Holds Hearing on Whether Charitable Organizations Serve Needs of Diverse Communities |
2007-114 |
September 25, 2007 |
JCT Report Addresses Offshore Reinsurance, Foreign Insurers, and Offshore Investment Entities—Including UBIT Blockers |
2007-113 |
September 20, 2007 |
IRS Releases Q&As on Annual Electronic Filing Requirements for Small Tax-Exempt Organizations |
2007-112 |
September 19, 2007 |
Senate Finance Committee to Consider Conservation Tax-Incentives Bill |
2007-111 |
September 19, 2007 |
IRS Corrects Guidance for Organizations to File Post-2007 Reports of Qualified Vehicle Donations |
2007-110 |
September 17, 2007 |
IRS Directs Organizations to Report Post-2007 Donations of Vehicles to Kansas City Service Center |
2007-109 |
September 10, 2007 |
IRS Extends Documentation Deadline for Section 409A Compliance |
2007-108 |
September 7, 2007 |
Bill to Relax Unrelated Debt-Financed Income Rules for Tax-Exempt Organizations |
2007-107 |
September 7, 2007 |
IRS Rules That Income from Redemption of Endowment Investment Constitutes Capital Gain (or Loss) |
2007-106 |
September 7, 2007 |
Ways and Means Committee Members to Introduce Bills Concerning UBIT Blockers, Deferral of Fund Manager Income in Offshore Companies |
2007-105 |
September 6, 2007 |
Finance Panel Told Carried Interest Tax Would Have Minimal Effect on Fund Returns, Trends |
August 2007
Issue |
Date |
Subject |
2007-104 |
August 30, 2007 |
IRS Announces Voluntary Closing Agreement Program for Forward-Float Agreements Used in Municipal Bond Financing |
2007-103 |
August 23, 2007 |
IRS to Initiate Compliance Review of Tax-Exempt Bonds |
2007-102 |
August 17, 2007 |
Proposed Regulations on Tax Treatment of Medical and Accident Insurance Benefits Under Qualified Plans |
2007-101 |
August 16, 2007 |
Final Regulations on Treating Disregarded Entities as Separate Entities for Employment, Excise Tax Purposes |
2007-100 |
August 15, 2007 |
Wisconsin Supreme Court Holds Medical Center’s Day Care Facility Is Not Exempt from Municipal Property Tax |
2007-99 |
August 14, 2007 |
IRS Guidance on Transactions Involving Contributions of Successor Member Interest in LLCs |
2007-98 |
August 14, 2007 |
Exempt Organization Items Included in Treasury, IRS 2007-2008 Priority Guidance Plan |
2007-97 |
August 13, 2007 |
Proposed Regulations to Amend Public Inspection Rules for Tax-Exempt Organizations |
2007-96 |
August 13, 2007 |
IRS Notice Provides Temporary Relief to Plan Amendments of Definition of Normal Retirement Age |
2007-95 |
August 9, 2007 |
IRS Extends Transition Relief for Indian Tribal Governmental Plans |
2007-94 |
August 8, 2007 |
Federal District Court Holds Student FICA Regulations Are Invalid, and Grants Refund of FICA Taxes Relating to Medical Residents’ Stipends |
2007-93 |
August 7, 2007 |
IRS Release Provides Tax Law Changes Will Not Affect Teacher Salaries in Upcoming School Year |
2007-92 |
August 3, 2007 |
Text of New Proposed Regulations on Cafeteria Plans |
2007-91 |
August 3, 2007 |
Treasury’s Risk Matrix for Charities Disbursing Funds or Resources to Grantees |
2007-90 |
August 2, 2007 |
IRS Report on Reducing the Federal Tax Gap |
2007-89 |
August 1, 2007 |
Advance Notice of Proposed Rules for Type III Supporting Organizations |
July 2007
Issue |
Date |
Subject |
2007-88 |
July 26, 2007 |
State Court Reverses Administrative Decision Denying Illinois Hospital’s Property Tax Exemption |
2007-87 |
July 25, 2007 |
Ways and Means Subcommittee Holds Oversight Hearing on Tax-Exempt Charitable Organizations |
2007-86 |
July 23, 2007 |
Future IRS Guidance to Address Certain Definitions of Nonqualified Deferred Compensation Plans of State and Local Governments and Tax-Exempt Entities |
2007-85 |
July 23, 2007 |
IRS to Notify “Small” Supporting Organizations of New Filing Requirements |
2007-84 |
July 23, 2007 |
Final Regulations Concerning Annuity Contracts of Public Schools, Tax-Exempt Organizations |
2007-83 |
July 19, 2007 |
JCT Description of Present Law, Proposals Concerning Tax-Exempt Organizations |
2007-82 |
July 19, 2007 |
IRS Releases Interim Report on Hospital Compliance Project |
2007-81 |
July 19, 2007 |
Senate Finance Minority Staff Discussion Draft of Tax-Exempt Hospital Reforms |
2007-80 |
July 17, 2007 |
Draft IRS Form for Disclosing Prohibited Tax Shelter Transaction by Tax-Exempt Entity |
2007-79 |
July 12, 2007 |
IRS Begins Notifying “Small” Tax-Exempt Organizations of New Information Reporting Requirement |
2007-78 |
July 9, 2007 |
IRS Updates Revenue Procedure for Issuing Determination Letters and Rulings for Exempt Organizations |
2007-77 |
July 6, 2007 |
IRS Releases Additional TAMs on Unrelated Business Activities of State-Chartered Credit Unions |
2007-76 |
July 6, 2007 |
IRS Finds Sales of Merchandise Containing Universally Known Symbol Do Not Generate UBTI |
2007-75 |
July 5, 2007 |
Regulations Concerning Excise Tax on Tax-Exempt Entities Entering into Prohibited Tax Shelter Transactions |
2007-74 |
July 5, 2007 |
Text of IRS Guidance Explaining Tax Consequences of Employer Contributions to Non-Exempt Employees’ Trust |
2007-73 |
July 5, 2007 |
IRS Announces Elimination of Schedule P of Form 5500 Series |
June 2007
Issue |
Date |
Subject |
2007-72 |
June 28, 2007 |
IRS Provides New Web-based Life Cycle Toolkit for Certain Exempt Organizations |
2007-71 |
June 27, 2007 |
Ways and Means Subcommittee Requests Comments on Tax-Exempt Provisions in 2006 Pension Protection Act |
2007-70 |
June 26, 2007 |
Employee Severance Due to Closure of Business Location Results in Partial Termination of Defined Contribution Plan |
2007-69 |
June 26, 2007 |
IRS Provides Guidance Concerning Research Agreements |
2007-68 |
June 22, 2007 |
IRS EO Division Q&As on Hospitals’ Health IT Subsidy Arrangements with Medical Staff Physicians |
2007-67 |
June 21, 2007 |
IRS Asks Public Schools to Verify Employees Are Allowed to Participate in Retirement Annuities |
2007-66 |
June 21, 2007 |
Senator Grassley Requests Better Medicare Data on Hospitals’ Uncompensated Care |
2007-65 |
June 19, 2007 |
Senate Finance Leaders Request Information from Treasury Concerning “Abusive Tax Transaction” Involving Non-Cash Contributions |
2007-64 |
June 19, 2007 |
Discussion of Changes Proposed in the Redesigned Form 990 |
2007-63 |
June 15, 2007 |
Final Regulations Allow Governmental Unit to Qualify as Non-Bank Trustee for Deemed IRA That Is Part of Qualified Plan |
2007-62 |
June 14, 2007 |
IRS Releases Discussion Draft of Redesigned Form 990 |
2007-61 |
June 13, 2007 |
IRS Updates Procedures for Rulings and Determination Letters for Certain Qualified Plans |
2007-60 |
June 13, 2007 |
Filing Deadline for Report of Foreign Bank and Financial Accounts Is July 2, 2007 |
2007-59 |
June 4, 2007 |
IRS Guidance Concerning Deductions by Individual Taxpayers for Qualified Conservation Contributions |
2007-58 |
June 1, 2007 |
IRS Official Discusses Executive Compensation for Exempt Organizations |
2007-57 |
June 1, 2007 |
IRS Revenue Ruling Addresses Prohibited Political Campaign Intervention by Organizations Described in Section 501(c)(3) |
May 2007
Issue |
Date |
Subject |
2007-56 |
May 31, 2007 |
IRS Guidance for Employers Concerned About Mid-Year Changes to Section 401(k) Safe Harbor Plans |
2007-55 |
May 31, 2007 |
Text of IRS Guidance for Defined Benefit Plan Sponsors to Use Substitute Mortality Tables |
2007-54 |
May 31, 2007 |
Proposed Regulations on Employer Obligations Concerning Health Savings Accounts of Employees |
2007-53 |
May 31, 2007 |
IRS Addresses the Treatment of Exchanges of Multiple Modified Endowment Contracts |
2007-52 |
May 30, 2007 |
Grassley, Baucus Work to Build Confidence in Nonprofits Through Greater Transparency |
2007-51 |
May 24, 2007 |
IRS Provides Interim Guidance on Treatment of Expenses for Certain Employer-Provided Lodging |
2007-50 |
May 18, 2007 |
Eleventh Circuit Vacates Lower Court’s Determination That Medical Residents Are Precluded, as a Matter of Law, From Relying on the Student Exception to FICA |
2007-49 |
May 11, 2007 |
IRS Provides Guidance to Hospitals Providing Financial Assistance to Staff Physicians Involving Electronic Health Records |
2007-48 |
May 9, 2007 |
Guidance Regarding Public Inspection of Unrelated Business Income Tax Returns |
2007-47 |
May 3, 2007 |
IRS Technical Advice on Unrelated Business Activities of State-Chartered Credit Unions |
2007-46 |
May 1, 2007 |
IRS Corrects the 2006 Version of Form 8868 |
April 2007
Issue |
Date |
Subject |
2007-45 |
April 30, 2007 |
Tax Court: Rental Activities Constituted a “Trade or Business;” Denial of Feeder Organization’s Exempt Status Is Upheld |
2007-44 |
April 30, 2007 |
IRS Rules Tax-Exempt Hospital Is Controlling Organization of Professional Medical Corporations |
2007-43 |
April 27, 2007 |
IRS Releases Q&As on 2006 Form 990, and Amends 2006 Form 990 Instructions |
2007-42 |
April 25, 2007 |
Can Exempt Corporations Other Than Those Described in Section 501(c)(3) Use Form 8868 to Obtain a Six-Month Automatic Extension to File Form 990-T? |
2007-41 |
April 24, 2007 |
Charitable Trust’s Receipt of Limited Partnership Interest from Disqualified Person Is Not Self-Dealing |
2007-40 |
April 17, 2007 |
Treasury Report Focuses on Tax-Exempt Hospital Compliance with Community Benefit Standard and Compensation Practices |
2007-39 |
April 13, 2007 |
Tax Court Upholds Revocation of Private School’s Exemption |
2007-38 |
April 12, 2007 |
IRS Discusses Form 990 Changes |
2007-37 |
April 11, 2007 |
IRS Releases Draft Forms for Exempt Organizations That Are Required to Report Applicable Insurance Contract Interests |
2007-36 |
April 10, 2007 |
Text of Final Regulations on Deferred Compensation Under Section 409A; IRS Notice on Split-Dollar Life Insurance Arrangements |
2007-35 |
April 6, 2007 |
GAO Is Asked to Study Nonprofit Hospitals’ Community Benefits |
2007-34 |
April 4, 2007 |
CBO Is Asked to Study Educational Institutions and Intercollegiate Athletics |
March 2007
Issue |
Date |
Subject |
2007-33 |
March 27, 2007 |
IRS Addresses Reliance on BMF Information for Determination of Public Charity Status |
2007-32 |
March 27, 2007 |
IRS Guidance on Foreign Financial Accounts Reporting Requirements |
2007-31 |
March 21, 2007 |
Draft Form 990-N for Organizations Not Required to File Form 990 or Form 990-EZ |
2007-30 |
March 19, 2007 |
Treasury Inspector General Finds IRS Needs to Improve Procedures for Non-Cash Charitable Contributions |
2007-29 |
March 14, 2007 |
IRS Offers “Safe Harbor” for Missing Reports Filed by Certain 527 Political Organizations |
2007-28 |
March 12, 2007 |
IRS Updated 2006-2007 Priority Guidance Plan Includes New Exempt Organizations Items |
2007-27 |
March 8, 2007 |
IRS Announces Suspension of Determination Letters for Certain Type III Supporting Organizations |
2007-26 |
March 7, 2007 |
IRS Rules Wholly Owned, For-Profit Subsidiary of Private Foundation Is a Functionally Related Business |
2007-25 |
March 6, 2007 |
IRS Technical Advice on Unrelated Activities of State-Charted Credit Unions |
2007-24 |
March 1, 2007 |
IRS Releases Report on Exempt Organization Compensation |
2007-23 |
March 1, 2007 |
IRS Guidance Concerning Refunds of Federal Excise Tax on Long-Distance Telephone Service for Government Entities |
February 2007
Issue |
Date |
Subject |
2007-22 |
February 23, 2007 |
IRS Requests Comments Concerning Information Reporting Forms, Study of Acquisitions in Insurance Contracts in Which Tax-Exempt Organization Holds an Interest |
2007-21 |
February 15, 2007 |
IRS Revises Earlier Position Concerning When Accrual Basis Taxpayer Can Treat Payroll Tax Liability as Having Been Incurred Concerning Deferred Compensation |
2007-20 |
February 15, 2007 |
IRS Guidance on One-Time Rollovers from Health FSAs and HRAs to Health Savings Accounts |
2007-19 |
February 13, 2007 |
IRS’s Draft Good Governance Practices for Section 501(c)(3) Organizations |
2007-18 |
February 8, 2007 |
IRS Publication Describes Group Exemption Rules and Procedures |
2007-17 |
February 7, 2007 |
IRS Releases Interim Guidance on Definition of the Term “Party to a Prohibited Tax Shelter Transaction” |
2007-16 |
February 6, 2007 |
IRS Requests Comments Concerning Study on Donor Advised Funds and Supporting Organizations |
2007-15 |
February 5, 2007 |
Bush Administration’s Budget for 2008 Includes Charitable Giving Incentives |
2007-14 |
February 5, 2007 |
IRS Releases 2006 Versions of Form 990-PF and Instructions |
2007-13 |
February 1, 2007 |
IRS Releases 2006 Versions of Form 990-T and Instructions |
January 2007
Issue |
Date |
Subject |
2007-12 |
January 30, 2007 |
IRS Releases 2006 Versions of Form 4720 and Instructions |
2007-11 |
January 29, 2007 |
IRS, Treasury Are Considering Regulations to Clarify Types of Benefits Allowed Under Qualified Defined Benefit Plan |
2007-10 |
January 26, 2007 |
IRS Releases 2006 Instructions for Form 990 and Form 990-EZ |
2007-09 |
January 23, 2007 |
IRS Modifies Previous Endowment Investment Rulings |
2007-08 |
January 23, 2007 |
New Version of IRS Publication 1771 Reflects Recent Tax Law Changes |
2007-07 |
January 23, 2007 |
IRS Modifies Litigation Position in Certain Cases Pending in the Eighth Circuit Involving Early Retirement Payments to Tenured Faculty Members |
2007-06 |
January 22, 2007 |
IRS Releases 2006 Form 990, Schedule A (and Instructions) and Schedule B (and Instructions) |
2007-05 |
January 17, 2007 |
IRS Revises Guidance on Taxpayer Requests for Credit or Refund of Excise Tax on Long-Distance Telephone Services |
2007-04 |
January 12, 2007 |
IRS Issues Reminder, Overview of Reporting Requirements and Form Changes for Exempt Organizations |
2007-03 |
January 10, 2007 |
IRS Guidance Includes Rules Relating to Qualifying IRA Distributions to Eligible Charities, and Other Distribution Rules |
2007-02 |
January 5, 2007 |
IRS’s Office of Federal, State and Local Governments Releases Work Plan for FY 2007 |
2007-01 |
January 2, 2007 |
Annual Revenue Procedures for Exempt Organizations |
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