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2008

Issue

Date

Subject

2008-114

November 17, 2008

Senator Grassley Questions Increases in College Presidents’ Salaries, Invokes Transparency of Form 990 Reporting

2008-113

November 17, 2008

IRS Official Discusses Governance Issues, College and University Compliance Project

2008-112

November 17, 2008

IRS Extends Deadline to February 6, and Answers Questions Concerning the College and University Compliance Project Questionnaire

2008-111

November 7, 2008

What He Promised: Obama’s Tax Proposals and Prospects in Congress

2008-110

November 7, 2008

Federal District Court Concludes Payments to Medical Residents Are Not Scholarships for FICA Purposes

2008-109

November 6, 2008

Final Regulations on Information Reporting for Employer-Owned Life Insurance Contracts

2008-108

November 4, 2008

Seventh Circuit Finds University Liable for FICA Tax with Respect to Payments Made Under Employee Retirement Plans

2008-107

October 31, 2008

Tax Court: Accuracy-Related Penalty Sustained for Overvalued (by 400%) Charitable Contribution of Façade Easement and Other Rights

2008-106

October 29, 2008

Claims Court Upholds VEBA UBIT Regulations; Disagrees with Sixth Circuit’s Sherwin-Williams Decision

2008-105

October 27, 2008

West Virginia Supreme Court Holds Nonprofit Hospital Not Exempt from State Sales and Use Taxes

2008-104

October 23, 2008

IRS Designates Indian Tribal Governments to Be Treated as States for Certain Federal Tax Purposes

2008-103

October 21, 2008

Text of Final Regulations Relating to Certain Tax-Exempt Bond Payments

2008-102

October 17, 2008

IRS Announces Inflation Adjustments for Low-Cost Articles and Insubstantial Benefits

2008-101

October 16, 2008

FASB: Additional One-Year Deferral of Interpretation 48 for Nonpublic Entities

2008-100

October 14, 2008

GAO Report on Nonprofit Hospitals: Variation in Standards and Guidance Limits Comparison of How Hospitals Meet Community Benefit Requirements

2008-99

October 10, 2008

IRS Notice Extends Effective Date of Normal Retirement Age Regulations for Governmental Plans

2008-98

October 9, 2008

Federal District Court Denies Medical Residents’ Request for Class Certification in FICA Refund Suit

2008-97

October 8, 2008

Seventh Circuit Affirms Day Care Facility’s Board President Is Personally Liable for Payroll Taxes

2008-96

October 6, 2008

Revised IRS Form on Foreign Financial Accounts Raises Issues, Including Who Must File

2008-95

October 3, 2008

Provisions Concerning Exempt Organizations in Financial Bailout Bill

2008-94

October 3, 2008

IRS Guidance on Charitable Contributions of Inventory Property; Seeks Comments

2008-93

October 1, 2008

IRS Expands Temporary Rule Allowing Governmental Issuers to Purchase Their Own Tax-Exempt Bonds

2008-92

October 1, 2008

IRS Compliance Questionnaires Sent to 400 Colleges and Universities

2008-91

September 25, 2008

Updated Rules for Determining Substantiation of Employee Lodging, Meals, and Incidental Expenses

2008-90

September 23, 2008

Seventh Circuit Holds Student FICA Exception Not Per Se Inapplicable to Medical Residents

2008-89

September 12, 2008

IRS Interim Report on Post-Issuance Compliance, Record Retention Requirements for Tax-Exempt Bonds

2008-88

September 10, 2008

Exempt Organization Items in 2008/2009 IRS Priority Guidance Plan

2008-87

September 9, 2008

Endowment Payout Requirements Discussed at Congressional College Endowment Roundtable

2008-86

September 8, 2008

Text of Proposed Regulations on the Public Approval Process for Tax-Exempt Private Activity Bonds

2008-85

September 8, 2008

New Regulations to Implement Changes to Redesigned Form 990

2008-84

September 3, 2008

IRS Further Delays Effective Date for Certain Qualified Transportation Fringe Benefits

2008-83

August 29, 2008

State Appellate Court Upholds Administrative Decision Denying Illinois Hospital’s Property Tax Exemption; State Circuit Court’s Judgment Is Reversed

2008-82

August 28, 2008

IRS Rules That Provision of Grant Management Services by Community Foundation Does Not Result in UBTI

2008-81

August 27, 2008

Members of Congress to Convene College Endowment Roundtable

2008-80

August 20, 2008

IRS Releases Additional Information on Final Form 990 Instructions

2008-79

August 19, 2008

IRS Issues Instructions for New Form 990

2008-78

August 19, 2008

Comments on IRS’s Proposed Exempt Organization Voluntary Compliance Program Are Due by October 3, 2008

2008-77

August 18, 2008

IRS Revises Revenue Procedure for Automatic Consent to Change Method of Accounting—Text of Rev. Proc. 2008-52

2008-76

August 14, 2008

IRS Revises, Updates Voluntary Compliance Programs for Use by Retirement Plan Sponsors to Correct Certain Plan Failures

2008-75

August 11, 2008

Vision Care Plan Petitions U.S. Supreme Court for Certiorari Concerning Tax-Exempt Status Under Section 501(c)(4)

2008-74

August 8, 2008

Transfer of Retirement Plan to Unrelated Employer Violates Exclusive Benefit Rule

2008-73

August 6, 2008

Federal District Court Determines Payments to Medical Residents Are Exempt from FICA

2008-72

August 6, 2008

IRS Releases Draft Schedule B for Comment

2008-71

August 6, 2008

IRS Revises 2008 Form 990 Instructions

2008-70

August 6, 2008

IRS Memorandum Transmits Guidelines for Applications by Donor Advised Funds Sponsoring Organizations

2008-69

August 6, 2008

Proposed Regulations on Substantiation and Reporting Requirements for Charitable Contributions

2008-68

July 31, 2008

IRS Directive Instructs Examining Agents on Internet Political Activity by Section 501(c)(3) Organizations

2008-67

July 31, 2008

IRS Releases Updated Draft Form 1120 and Draft Form 1065 for Public Comment

2008-66

July 28, 2008

IRS Pulls FAQs and Errata Sheet on Elimination of Advance Ruling Period

2008-65

July 22, 2008

Tax Court Addresses Valuation of Medical Professional Services Corporation Stock Donated to a Section 501(c)(3) Professional Services Corporation

2008-64

July 21, 2008

IRS Provides Details of Changes to Public Support Test and Elimination of Advance Ruling Period

2008-63

July 9, 2008

Proposed Minimum Distribution Rules by Governmental Plans Would Allow for a Reasonable Good Faith Interpretation

2008-62

July 9, 2008

IRS Considers Consequences of Dividing a Charitable Remainder Trust into Two or More Separate Trusts

2008-61

July 1, 2008

Interim Guidance Under Section 457 for Recurring Part-Year Compensation

2008-60

June 30, 2008

Final Regulations on Employment Tax Adjustments and Employment Tax Refund Claims

2008-59

June 30, 2008

Regulations Generally Provide Six-Month Automatic Extension of Time to File Certain Returns; Five-Month Period to Apply for Certain Pass-Through Entities

2008-58

June 30, 2008

Report of Treasury Inspector General’s Audit of Prohibited Political Activities of Exempt Organizations

2008-57

June 25, 2008

JCT Description and Analysis of Present Law Relating to IRAs

2008-56

June 25, 2008

IRS Provides Additional Guidance on Health Savings Accounts

2008-55

June 24, 2008

IRS Procedures for Recovering Overpayments of Arbitrage Rebates and Similar Payments on Tax-Exempt Bonds

2008-54

June 23, 2008

IRS Increases Mileage Rate to 58.5-Cents per Business Mile for the Last Six Months of 2008

2008-53

June 23, 2008

Proposed Regulations on Income Ordering Rules for Estates and Trusts

2008-52

June 20, 2008

IRS Addresses When Forgiveness of Student Loans Under a Law School’s Loan Repayment Assistant Program Qualifies as Non-Taxable Discharge of Indebtedness

2008-51

June 19, 2008

Final Regulations on Tax Effect of UBTI on Charitable Remainder Trusts

2008-50

June 19, 2008

IRS Designates China Earthquake as “Qualified Disaster” for Purposes of Section 139

2008-49

June 12, 2008

IRS Advisory Committee on Tax-Exempt and Government Entities Addresses Appropriate Role of IRS with Respect to Good Governance Issues

2008-48

June 12, 2008

IRS Guidance Addresses Conversions from Non-Profit to For-Profit Status

2008-47

June 9, 2008

IRS Revokes Exemption of Public School District

2008-46

June 6, 2008

Government Public Safety Officer Vehicles Added to List of Qualified Nonpersonal Use Vehicles

2008-45

June 2, 2008

Senate Finance Committee Leader Addresses University Endowment Payout and Reporting

2008-44

May 13, 2008

IRS Reminds Small Tax-Exempt Organizations of Filing Date for e-Postcard Electronic Notice

2008-43

May 13, 2008

IRS Official Discusses College and University Compliance Check Questionnaires

2008-42

May 8, 2008

IRS Updates, Modifies Interim Guidance for Public Inspection of Unrelated Business Income Tax Returns

2008-41

April 29, 2008

JCT Discussion of Tax Benefits for Higher Education

2008-40

April 28, 2008

IRS Officials Address Scope of Charitable Activities, Governance, and University Questionnaire

2008-39

April 18, 2008

IRS Announces Political Activities Compliance Initiative for 2008 Election Season

2008-38

April 11, 2008

Proposed Regulations on Minimum Funding Requirements for Single-Employer Defined Benefit Plans

2008-37

April 9, 2008

Federal District Court Rejects IRS Retroactive Revocation of Exemption

2008-36

April 8, 2008

Pending Bills Include Proposals to Remove Cell Phones from Listed Property and to Delay the Withholding Rules on Government Payments

2008-35

April 7, 2008

IRS Releases Draft Instructions for 2008 Form 990, and Seeks Public Comment

2008-34

April 7, 2008

Federal District Court Grants Refund of FICA Taxes Relating to Medical Residents’ Stipends

2008-33

April 4, 2008

Final Regulations on Information Returns by Donees Relating to Qualified Intellectual Property Contributions

2008-32

April 4, 2008

Requests for Public Comments on Private Foundation Return Disclosure Requirements

2008-31

March 28, 2008

IRS Notice on Split-Dollar Life Insurance Arrangements

2008-30

March 28, 2008

IRS Procedures for Requesting Public Inspection of Forms 990-T

2008-29

March 27, 2008

Final Regulations Address When IRS Will Revoke an Exemption in Addition to Imposing Intermediate Sanctions

2008-28

March 26, 2008

Board Chair Held Liable for Tax-Exempt Hospital’s Failure to Remit Payroll Taxes

2008-27

March 25, 2008

IRS Updates Recently Issued Interim Guidance on Reissuance Standards for State and Local Bonds

2008-26

March 24, 2008

Proposed Timing Rules for Providing Notice of Plan Amendments That Would Significantly Reduce Future Benefit Accruals

2008-25

March 24, 2008

Draft 2008 Form 990 Instructions to Be Released in April

2008-24

March 14, 2008

IRS Encourages Nonprofits, Charities, and Community Groups to Inform Low-Income Workers of Economic Stimulus Payments

2008-23

March 14, 2008

IRS Releases Guidance on Supporting Organization Qualification and Potential Abuses

2008-22

March 13, 2008

Abuse of Charitable Organizations and Deductions Remains on IRS “Dirty Dozen” List of Tax Scams

2008-21

March 11, 2008

IRS Requests Comments Concerning 3% Withholding on Payments Made by Government Entities for Services and Property

2008-20

March 6, 2008

Proposed Regulations Address the Tax Effect of UBTI on Charitable Remainder Trusts

2008-19

March 5, 2008

IRS Guidance for Determining Present Values for Employees Entitled to Disability Benefits, and on Pension Protection Act Measures That Are Effective in 2008

2008-18

March 5, 2008

Legislation to Simplify Recordkeeping Requirements for Cell Phones Has Bipartisan Support

2008-17

March 4, 2008

New IRS Guidance on Governance Policies and Practices for Section 501(c)(3) Organizations

2008-16

March 4, 2008

IRS Releases 2007 Form 990-T and 990-PF Instructions

2008-15

February 27, 2008

Amended Voluntary Closing Agreement Procedures for Use by Issuers of Tax-Exempt Bonds and Tax Credit Bonds

2008-14

February 22, 2008

Proposed FASB Staff Position on Endowments of Not-for-Profit Organizations

2008-13

February 19, 2008

IRS Provides Interim Guidance on Reissuance Standards for State and Local Bonds

2008-12

February 11, 2008

Court Denies Standards-Setting Organization Exemption Under Section 501(c)(6)

2008-11

February 7, 2008

IRS Releases Two Fact Sheets of Interest to Tax-Exempt Organizations

2008-10

February 7, 2008

IRS Releases 2007 Form 990, Schedule A (and Instructions) and Schedule B (and Instructions)

2008-09

February 5, 2008

IRS Releases Form 990-N (e-Postcard) for Filing by Small Organizations

2008-08

February 1, 2008

Ninth Circuit Holds Vision Care Plan Not Exempt Under Section 501(c)(4)

2008-07

February 1, 2008

Guidance Released on Backloading Pension Plans

2008-06

February 1, 2008

IRS Announces Revision of Form 8868

2008-05

January 24, 2008

Senate Finance Committee Leaders Seek Details of Endowment Payouts, Student Aid from 136 Colleges

2008-04

January 24, 2008

FASB Defers Interpretation 48 for Nonpublic Entities

2008-03

January 17, 2008

Proposed Guidance on Qualified Tuition Programs Under Section 529

2008-02

January 8, 2008

IRS Provides Interim Rules for Substantiating Charitable Contributions Made via the United Way, CFC, or Similar Programs

2008-01

January 2, 2008

Recently Enacted Tax Technical Corrections Legislation Includes Items Concerning Exempt Organizations

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