GAO Concerned About Tax-Exempt Schemes

Internal control weaknesses are keeping the IRS from investigating abusive tax schemes involving tax-exempt entities, according to a report this week from the Government Accountability Office (GAO). GAO found that audits of potentially abusive schemes involving charities and other tax-exempt organizations declined by nearly 99 percent in the 10-year period between fiscal 2008 and 2017…. Read more »

Category: IRS

IRS Issues Priority Guidance Plan for 2019-2020

The IRS will continue to focus on implementing the 2017 tax law and the Taxpayer First Act, according to its priority guidance plan for 2019-2020 released this week. The priority guidance plan identifies and prioritizes tax issues that should be addressed through regulations, revenue procedures, notices and other published guidance. The guidance plan includes a… Read more »

MT Governor Urges IRS Not to Reduce Donor Disclosure

Montana Gov. Steve Bullock this week urged the IRS to reconsider its proposed rules that would reduce donor disclosure rules for certain tax-exempt groups. In comments to the IRS, Bullock reiterated his concern about the influence of “dark money” in politics and said the states may need donor information to enforce limits on nonprofit political… Read more »

Schumer, Wyden Request Audit of NRA’s Tax Exemption

Senate Minority Leader Charles Schumer (D-NY) and Senate Finance Committee ranking member Ron Wyden (D-OR) this week called on the IRS to examine whether the National Rifle Association should lose its tax-exempt status. The letter cites an investigative report by Senate Finance minority staff into a 2015 NRA delegation trip to Moscow and questions about… Read more »

Senate Bill Would Boost IRS Funding

The Senate Appropriations Committee advanced a fiscal 2020 spending bill today that would fund the IRS at $11.4 billion, including an additional $200 million for enforcement activities to address the tax gap. The IRS has long pleaded with Congress for additional funding to aid enforcement and collection efforts but has dealt with budget cuts for… Read more »