The 2015-2016 priority guidance plan [PDF 159 KB] is a list of projects that the IRS and Treasury Department intend to work on during the 12-month period ending June 30, 2016 and includes projects relating to tax law issues in all areas, ranging from consolidated returns to tax administration.
Projects under the heading “Exempt Organizations” include:
The priority guidance plan also includes projects relating to regulations concerning the fractions rule under section 514(c)(9) and to final regulations under section 512 explaining how to compute unrelated business taxable income of voluntary employees’ beneficiary associations described in section 501(c)(9) (note that proposed regulations were published on February 6, 2014).
Projects relating to charitable contributions include: (1) final regulations under section 170 regarding charitable contributions (note that proposed regulations were published August 7, 2008), (2) regulations under section 170(f)(8) regarding donor substantiation of charitable contributions, and (3) guidance under section 170(e)(3) regarding charitable contributions of inventory.
Projects relating to tax-exempt bonds include a revenue procedure that will update Rev. Proc. 97-13 relating to the conditions under which a management contract does not result in private business use under section 141.
Many other projects of interest to exempt organizations include, for example, numerous projects involving employee benefits; a project involving regulations under section 7701 providing criteria for treating an entity as an integral part of a state, local, or tribal government; and a project related to the Supreme Court’s decision with respect to the recognition of same sex marriages.
For more information, contact:
D. Greg Goller | +1 (703) 286-8391 | email@example.com
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