To subscribe to TaxNewsFlash, fill out the subscription form

>> Return to the TaxNewsFlash U.S. homepage

>> Go to the TaxNewsFlash "global" homepage
 

New U.S. tax law: KPMG's report about provisions in new U.S. tax law of particular interest to exempt organizations and donors Tax reform: Issues for exempt organizations (Pub. L. 115-97) [PDF 316 KB]

Feb 5 - IRS TE/GE division releases summary of “FY 2018 accomplishments”

Jan 16 - KPMG report: Interim guidance, taxing “excess” executive compensation of exempt organizations

Jan 3 - KPMG report: Preliminary analysis and observations regarding certain exempt organization provisions in JCT Bluebook

Jan 3 - KPMG report: JCT Bluebook clarifies intended application of enhanced charitable contribution deduction

Dec 31 - Notice 2019-09: Interim guidance on excise tax imposed under section 4960, excess remuneration

Dec 28 - Rev. Proc. 2019-12: Safe harbors, business taxpayer payments to charity for state, local tax credits

Dec 28 - Annual revenue procedures for 2019 for exempt organizations

Dec 28 - Final regulations: Tax-exempt private activity bonds, “public approval requirement”

Dec 28 - Proposed regulations: Tax-exempt bonds treated as “retired”

Dec 14 - Notice 2019-02: Standard mileage rates for 2019

Dec 14 - KPMG report: Payroll year-end planning guide, checklist for employment tax

Dec 11 - Notice 2018-100: Waiver of estimated tax penalties attributable to fringe benefit UBTI

Dec 10 - Notice 2018-99: Parking expenses as qualified transportation fringe benefits, nondeductible amount

Dec 10 - FBAR filings: Deadline again extended for certain individuals with signature authority

Dec 3 - Exempt organization provisions in “Brady amendments” to H.R. 88

Nov 30 - KPMG report: Implications of section 163(j) proposed regulations for exempt organizations

Nov 29 - IRS reminder: “Hardship withdrawal” measures in proposed regulations, relief for hurricane victims

Nov 19 - Notice 2018-89: Leave-based donation payments, aid for Hurricane Michael victims

Nov 19 - Hurricane Florence-related tax relief, additional North Carolina county

Nov 19 - Hurricane Florence-related tax relief, more locations in Virginia

Nov 19 - Hurricane Michael-related tax relief, two more Florida counties

Nov 19 - Hurricane Michael-related tax relief for two additional counties in Georgia

Nov 15 - Rev. Proc. 2018-57: Inflation adjustments for 2019, individual taxpayers

Nov 14 - Tax relief for taxpayers affected by California wildfires

Nov 9 - IRS priority guidance plan 2018-2019—exempt organization projects

Nov 8 - Hurricane Michael-related tax relief for Alabama taxpayers

Nov 8 - Hurricane Michael-related tax relief for two more counties in Georgia

Nov 7 - IRS releases draft Schedule M to Form 990-T, separately computing UBTI (2018)

Nov 6 - Proposed regulations: Form 4720 filing requirement for Chapter 42 excise taxes, abatement

Nov 5 - Proposed regulations: Excise tax return guidance, tax-exempt organizations (text of proposed regulations)

Nov 2 - Hurricane Michael-related tax relief; addition of 31 counties in Georgia

Nov 1 - Notice 2018-83: Pension plans, cost-of-living adjustments for 2019

Oct 29 - IRS adds another South Carolina county for Hurricane Florence relief

Oct 29 - IRS adds more North Carolina counties, Hurricane Florence-related tax relief

Oct 29 - Three more Georgia counties, Hurricane Michael-related tax relief

Oct 25 - IRS resource, new tax law measures for exempt organizations

Oct 24 - IRS releases draft instructions, Form 990-T for 2018

Oct 24 - Two more North Carolina counties added, Hurricane Florence-related tax relief

Oct 19 - IRS adds more areas in Virginia, Hurricane Florence-related relief

Oct 19 - Notice 2018-81: Church plans, notifying IRS about treatment as single employer

Oct 17 - U.S. Treasury’s list of regulatory projects, including guidance concerning exempt organizations under new tax law

Oct 17 - IRS adds four more South Carolina counties, Hurricane Florence relief

Oct 16 - IRS adds 14 North Carolina counties, Hurricane Florence-related tax relief

Oct 16 - IRS adds six more South Carolina counties, Hurricane Florence relief

Oct 16 - IRS relief, taxpayers in Virginia affected by Hurricane Florence

Oct 15 - IRS relief, Georgia counties affected by Hurricane Michael

Oct 15 - IRS relief, taxpayers in 16 Florida counties affected by Hurricane Michael

Oct 12 - IRS relief, taxpayers in Florida affected by Hurricane Michael

Oct 5 - IRS adds two more South Carolina counties, Hurricane Florence relief

Oct 4 - IRS TE/GE division’s FY 2019 program letter

Oct 3 - Notice 2018-76: Transitional guidance on deductibility of business meal expenses

Sep 27 - IRS updates list of South Carolina counties, Hurricane Florence tax relief

Sep 25 - Notice 2018-71: Employer credit, for paid family and medical leave unavailable to section 501(c)(3) organizations

Sep 25 - IRS adds more North Carolina counties, Hurricane Florence-related tax relief

Sep 24 - IRS relief, South Carolina taxpayers affected by Hurricane Florence

Sep 24 - Notice 2018-71: Employer credit for paid family and medical leave (Q&As)

Sep 21 - Notice 2018-75: Employer reimbursements made in 2018 for employee moving expenses in 2017

Sep 19 - Rev. Proc. 2018-49: Changes in method of accounting, rules clarified for “early adopters”

Sep 19 - Notice 2018-74: Modified “safe harbor” explanations for plan administrators to provide for recipients of rollover distributions

Sep 17 - IRS extends deadlines, provides tax relief for taxpayers affected by Hurricane Florence (updated list of counties)

Sep 5 - Business taxpayer payments to state, local tax credit programs generally deductible; IRS response to inquiries on proposed regulations

Aug 27 - U.S. Tax Court: No charitable contribution deduction for facade easement, long-term lessee

Aug 24 - KPMG report: State and local tax credits and charitable contributions, proposed regulations

Aug 23 - Proposed regulations: State and local tax credits and charitable contributions (text of regulations)

Aug 21 - Notice 2018-67: Guidance for new UBTI rules under section 512(a)(6)

Aug 20 - OIRA review completed on SALT credits, charitable contribution regulations

Aug 14 - Fifth Circuit: Donation of conservation easement, perpetuity requirement not satisfied

Aug 1 - Final regulations: Information returns, extension of time

Aug 1 - Final regulations: Short-term, limited-duration health insurance

Aug 1 - Text of regulations, section 965 “transition tax” and implications for exempt organizations

Jul 30 - Notice 2018-58: Future regulations to clarify section 529 re-contributions, rollovers, qualified expenses

Jul 27 - Final regulations: Substantiation, reporting requirements for cash, non-cash charitable contribution deductions

Jul 24 - IRS revokes tax-exempt status of second dual-status hospital, for section 501(r) noncompliance

Jul 19 - Final regulations: Revised 401(k) plan definitions, qualified matching and nonelective contributions

Jul 16 - Rev. Proc. 2018-38: Section 501(a) organizations no longer required to report contributors’ names, addresses

Jul 10 - KPMG report: New excise tax on compensation exceeding $1 million, paid by tax-exempt organizations

Jun 26 - FASB: How not-for-profits, others account for grants and similar transactions

Jun 11 - Proposed regulations: Tax-exempt bonds, clarifying definition of “investment-type property”

Jun 8 - Notice 2018-55: Future regulations for private colleges, universities on “endowment excise tax”

May 25 - Notice 2018-42: Modifications to standard mileage rates for 2018

May 16 - Rev. Proc. 2018-32: Updated guidance for grantors, contributors to tax-exempt organizations

May 7 - IRS online tool, replaces “EO Select Check” with expanded access to exempt organization information

Apr 17 - Rev. Proc. 2018-25: Automobile depreciation deduction limits for 2018, reflecting new tax law

Apr 16 - Notice 2018-38: Fiscal year U.S. corporations to pay “blended” income tax rate under new tax law

Apr 11 - Rev. Proc. 2018-26: Nonqualified uses of proceeds from tax-exempt bonds, new remedial actions

Mar 29 - IRS TE/GE division releases summary of “FY 2017 accomplishments”

Mar 6 - IRS reminder: File current versions of exemption applications; schedule of user fees

Mar 2 - Rev. Proc. 2018-18: Inflation adjustments for 2018, revised to reflect new tax law

Feb 28 - IRS updates Form W-4, “withholding calculator” to reflect tax law changes

Feb 15 - Bipartisan Budget Act revives exempt organization provisions dropped during tax reform process

Feb 8 - Rev. Proc. 2018-15: New exemption application not required for section 501(c) organization’s changes, legal form or place of organization 

Feb 8 - IRS guidance projects for exempt organizations, second quarter 2018

Feb 6 - IRS release: New tax law, no changes to pension plan cost-of-living adjustments for 2018

Feb 2 - KPMG report: Tax reform: Issues for exempt organizations (Pub. L. 115-97)

Jan 29 - FAQs recharacterization of Roth IRA contributions under new tax law

Jan 29 - Notice 2018-14: Withholding tax guidance, implementing new income tax law

Jan 24 - Rev. Proc. 2018-10: New procedures for section 501(c)(4) applicants

Jan 19 - IRS updates applications for recognition of tax-exempt status; releases new social welfare organizations form

Jan 11 - IRS releases updated 2018 withholding tables, implementing new tax law changes

Jan 9 - Rev. Rul. 2018-04: Revised covered compensation tables for 2018 plan year

Jan 5 - Annual revenue procedures for 2018, changes for exempt organizations

Dec 22 - FBAR filings: Deadline extended for certain individuals with signature authority  

Dec 22 - Notice 2018-06: IRS extends health coverage form deadline for employers, providers  

Dec 22 - President signs tax bill into law

Dec 21 - U.S. Tax Court: Fees for services provided by third-party vendors subject to UBIT

Dec 20 - Tax reform for tax-exempt organizations and donors

Dec 18 - IRS reminder: Deadlines for W-2, W-3 and Form 1099-MISC; Form 1098-T reporting changes

Dec 14 - Notice 2018-03: Standard mileage rates, increases for 2018

Dec 6 - KPMG report: Tax reform for tax-exempt organizations and donors

Dec 4 - Notice 2017-73: Approach of future guidance for donor advised funds

Nov 14 - Tax reform proposals that may affect tax-exempt organizations and donors

Nov 13 - Rev. Rul. 2017-22: Covered compensation tables for 2018 plan year

Nov 9 - Notice 2017-70: Leave-based donation payments, 2017 California wildfires

Oct 31 - Announcement 2017-15: Hardship distributions, loans from retirement plans, hurricane and wildfire relief

Oct 20 - IRS priority guidance plan 2017-2018—Exempt organization projects

Oct 19 - Rev. Proc. 2017-58: Inflation adjustments for 2018

Oct 19 - Notice 2017-64: Pension plans, cost-of-living adjustments for 2018

Oct 19 - Proposed regulations withdrawn; definition of “political subdivision” for tax-exempt bonds

Oct 13 - IRS relief, taxpayers affected by California wildfires

Oct 13 - IRS TE/GE division’s FY 2018 work plan

Oct 10 - Rev. Procs. 2017-56, 2017-57: Changes to defined benefit plan funding method

Oct 10 - U.S. Tax Court: Interest on deficiency when tax-exempt status is revoked

Oct 10 - U.S. Tax Court: No charitable contribution deduction for facade easement, not “in perpetuity”

Oct 6 - Notice 2017-62: Employer leave-based donation programs to aid Hurricane Maria victims

Oct 2 - Puerto Rico: Tax authority’s guidance on tax deadlines, following hurricanes

Oct 2 - U.S. Tax Court: Nonresident student's unemployment compensation held taxable income under treaty with Canada

Sep 29 - IRS releases draft Form 1024-A; new section 501(c)(4) application form

Sep 27 - Proposed regulations: Tax-exempt private activity bonds, issued by state and local governments, public approval requirements

Sep 19 - IRS provides hurricane-related tax relief for taxpayers in Georgia

Sep 18 - Proposed regulations: Truncated TINs for wage and tax statements furnished to employees

Sep 14 - Rev. Proc. 2017-53: Equivalency determinations for foreign grantmaking

Sep 14 - KPMG report: Tax relief available for businesses affected by Hurricane Irma

Sep 14 - Notice 2017-52: Employer leave-based donation programs to aid Hurricane Irma victims

Sep 12 - IRS provides tax relief for taxpayers affected by Hurricane Irma

Sep 12 - IRS allows retirement plan loans, hardship distributions relating to Hurricane Irma

Sep 5 - KPMG report: Disaster relief; tax implications when employers help employees

Sep 1 -  KPMG report: Tax relief available for businesses affected by Hurricane Harvey

Aug 30 - IRS announces retirement plan loans, hardship distributions to hurricane victims

Aug 28 - IRS provides tax relief, taxpayers in 18 Texas counties affected by Hurricane Harvey

Aug 25 - Rev. Proc. 2017-50: Time for filing claims for recovery of overpayments of arbitrage rebate extended

Aug 11 - FAQs: IRS Appeals conferences, attendance by IRS Compliance personnel

Jul 24 - IRS Appeals to allow “virtual” conferences with taxpayers

Jul 18 - Regulations: Return due dates, extended due date amendments

Jul 7 - PLR: County hospital’s arrangement with school; management contract, but no private business use

Jun 29 - Final regulations: Streamlined exemption application for section 501(c)(3) status

Jun 12 - IRS reminder: Rules for filing FBAR, reporting foreign accounts for 2016

Jun 5 - U.S. Supreme Court: “Church plan” exemption from ERISA applies regardless who established it

Jun 1 - IRS requires electronic payment of user fees for letter rulings, closing agreements, and other rulings

May 8 - IRS reminder to file  Form 990, not to include personal information

May 4 - Executive order: Tax-exempt status of religious organizations and political participation or intervention

Apr 27 - Notice 2017-29: Extended due date, disclosures relating to “syndicated conservation easement transactions”

Apr 25 - Seventh Circuit: Interest rate on tax refunds to nonprofit corporations 

Mar 1 - Tax Court: No charitable deduction for aircraft, substantiation requirements not satisfied

Feb 23 - IRS reminder to universities; Forms 1042-S for international students, scholars

Feb 22 - Form 1023-EZ application data now available online