IRS guidance projects for exempt organizations | KPMG United States
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IRS guidance projects for exempt organizations, second quarter 2018

IRS guidance projects for exempt organizations

The IRS and U.S. Treasury Department released the second quarter update to the 2017–2018 priority guidance plan.


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The second quarter update [PDF 324 KB] indicates guidance for implementing certain measures under the new tax law (Pub. L. No. 115-97) includes: 

  • Guidance on computation of unrelated business taxable income for separate trades or businesses under new section 512(a)(6)
  • Guidance implementing changes to section 529
  • Guidance on certain issues relating to the excise tax on excess remuneration paid by “applicable tax-exempt organizations” under section 4960


Other guidance projects specifically concerning exempt organizations, and listed in the second quarter update include:

  • Update revenue procedures on grantor and contributor reliance under sections 170 and 509, including update to Rev. Proc. 2011-33 for “EO Select Check”
  • Final regulations on section 509(a)(3) supporting organizations (proposed regulations were published February 19, 2016)
  • Guidance under section 512 regarding methods of allocating expenses relating to dual-use facilities
  • Guidance on section 529(c)(3)(D) on the recontribution within 60 days of refunded qualified higher education expenses as added by a provision of the Protecting Americans from Tax Hikes Act of 2015
  • Final regulations and other guidance under section 529A on “qualified ABLE programs” (proposed regulations were published June 22, 2015)
  • Guidance under section 4941 regarding a private foundation's investment in a partnership in which disqualified persons are also partners
  • Update to Rev. Proc. 92-94 on sections 4942 and 4945


For more information, contact a tax professional with KPMG’s Washington National Tax practice:

Preston Quesenberry | +1 202 533 3985 | 

Randall Thomas | +1 202 533 3786 |

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