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New tax law in United States

Read KPMG's report about provisions in the new tax law of particular interest to exempt organizations and their donors

Tax reform: Issues for exempt organizations (Pub. L. 115-97) [PDF 316 KB]

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

Feb 8 - New organizing document review procedures for TE/GE examinations

Feb 7 - Rev. Rul. 2017-05: Covered compensation tables for 2017 plan year

Feb 3 - IRS warns schools, hospitals, others of “W-2 phishing scam”

Jan 17 - Form 8868: When does automatic six-month extension apply?

Jan 17 - Rev. Proc. 2017-13: Clarifying safe harbor, management contracts not resulting in private business use

Jan 17 - Proposed regulations: Revised 401(k) plan definitions, qualified matching and nonelective contributions

Jan 13 - Rev. Proc. 2017-18: Remedial amendment period for section 403(b) plan correcting amendments

Jan 4 - Notice 2017-09: De minimis error safe harbor, information reporting penalties

Jan 3 - Annual revenue procedures for 2017

Jan 3 - 115th Congress convenes; tax agenda items

Dec 23 - Notice 2017-10: "Syndicated conservation easement transactions" identified as tax avoidance "listed transactions"

Dec 22 - Tax Court: “Contemporaneous written acknowledgment” for charitable contribution

Dec 13 - Notice 2016-79: Standard mileage rates, decrease for 2017

Dec 8 - Regulations: Tax-exempt bonds, “issue price” and other definitions 

Nov 29 - Possible tax law changes in healthcare reform

Nov 22 - Proposed regulations: Fractions rule, partnerships with qualified tax-exempt organization partners

Nov 21 - New IDR management process for TE/GE agents

Nov 18 - Notice 2016-70: Extension of information reporting concerning ACA health insurance coverage

Nov 17 - Announcement 2016-42: Penalty relief for Forms 1098-T, extended to 2017 forms

Nov 10 - Notice 2016-69: Employer leave-based donation programs, Hurricane Matthew relief

Nov 4 - Notice 2016-64: Self-insured health insurance annual fee

Oct 28 - IRS reminder: Copies of Forms W-2 are due January 31

Oct 27 - Form 990, Schedule L: Relief from disclosure of substantial contributors

Oct 27 - Notice 2016-62: Pension plans, cost-of-living adjustments for 2017 

Oct 25 - Rev. Proc. 2016-55: Inflation adjustments for 2017

Oct 7 - KPMG report: Not-for-profit’s presentation of financial statements

Sep 30 - IRS TE/GE division’s FY 2017 work plan

Sep 16 - Notice 2016-55: Employer leave-based donation programs, Louisiana storms relief

Sep 13 - Potential penalty relief for organizations unable to file Form 8976 due to system outages

Sep 2 - Rev. Proc. 2016-44: Revised safe harbor dates, management contracts not resulting in private business use

Sep 1 - KPMG report: Notification requirements for social welfare organizations

Aug 31 - Final regulations: Defining “married couples” for tax purposes

Aug 24 - Rev. Proc. 2016-47: Waiver of 60-day rollover requirement for retirement plans, IRAs

Aug 23 - Rev. Proc. 2016-44: Bond-financed property, management contract not resulting in private business use

Aug 22 - IRS priority guidance plan 2016-2017—Exempt organization projects

Aug 19 - FASB changes presentation of not-for-profit financial statements

Aug 17 - Sixth Circuit: Interest rate, FICA refund to nonprofit hospital center

Aug 17 - Regulations: 2% tax on payments of U.S. government to foreign persons

Aug 5 - D.C. Circuit: Equitable claims in tax-exempt application cases vacated, remanded

Jul 29 - Proposed regulations: Reporting qualified tuition, related expenses on Form 1098-T

Jul 18 - Form 990: Schedule H, “Hospitals” for 2016

Jul 18 - PLR: Management contract will not result in private business use

Jul 15 - Final regulations: Arbitrage investment restrictions, tax-exempt bonds

Jul 8 - Regulations: Section 506 requirement for notifying IRS of intent to operate as section 501(c)(4) organization

Jun 21 - Proposed regulations: Section 409A, income inclusion rules and nonqualified deferred compensation plans

Jun 21 - Proposed regulations: Section 457 deferred compensation plans, state and local governments

Jun 16 - Electronically filed Form 990 data, available in machine-readable format

Jun 14 - House passes bill limiting collection of donor information by IRS

Jun 14 - IRS practice units: Treatment of scholarships for nonresident aliens

Jun 9 - IRS to launch machine-readable Form 990 data, June 15

Jun 8 - IRS focus on 403(b) plans; “universal availability” requirement

Jun 6 - KPMG report: Effects of proposed section 103 regulations on “dirt bonds”

May 31 - IRS reduces Form 1023-EZ user fee from $400 to $275

May 17 - Final regulations: Allocation rule for disbursements from designated Roth accounts to multiple destinations

Apr 28 - Rev. Proc. 2016-28: HSA inflation-adjusted amounts for 2017

Apr 27 - IRS penalty relief concerning Forms 1098-T, Tuition Statement

Apr 25 - IRS adverse determination: Non-MSSP accountable care organization denied exemption

Apr 21 - Final regulations adopt examples of private foundation program-related investments 

Apr 21 - Senate Finance approves bill containing provisions affecting tax-exempt organizations

Mar 14 - JCT “bluebook” explains tax legislation enacted in 2015

Mar 14 - KPMG report: Form 1098-T, reporting educational tax credits

Mar 14 - KPMG report: Tax-exempt bond allocations; discussion of final regulations

Mar 11 - IRS model closing agreements, tax-exempt bond compliance

Mar 7 - Notice 2016-22: Transition relief, work opportunity tax credit (WOTC)