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Tax Exempt Status

New procedures provided for revocation of exempt status; status modification no longer applies

New procedures provided for revocation of exempt status; status modification no longer applies

TEGE Memorandum: PATH Act – Impact on Revocations and Modifications of Exempt Status. To comply with the provision in the Protecting Americans from Tax Hikes (PATH) Act of 2015, a Tax-Exempt and Government Entities (TEGE) Division Memorandum has provided revised procedures under which all revocations of exempt status for organizations under Code Sec. 501(c) (regardless […]

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Washington Alert – IRS response to TIGTA on exempt applications; IRS reminder re Form 8300; Tax Policy Center on expanding EITC

Washington Alert – IRS response to TIGTA on exempt applications; IRS reminder re Form 8300; Tax Policy Center on expanding EITC

IRS has updated its response to a 2013 Treasury Inspector General for Tax Administration (TIGTA) report that was critical of IRS’s process for approving exemption applications for Code Sec. 501(c)(4) (social welfare) groups. The update provides that, as of May 22, IRS has cleared 96% of its backlog of potentially political Code Sec. 501(c)(4) cases, […]

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National Football League Says It Will Give Up Its Tax-Exempt Status

National Football League Says It Will Give Up Its Tax-Exempt Status

WASHINGTON (Reuters) – The NFL’s front office will voluntarily give up its decades-old tax-exempt status, eliminating a “distraction” for the league that for years has been “mischaracterized,” Commissioner Roger Goodell said on Tuesday. National Football League teams pay taxes on their profits, but the league’s central office has gotten a pass since it is listed […]

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Tax-exempts reminded to file or risk losing exemption; warned not to include Social Security Number

Tax-exempts reminded to file or risk losing exemption; warned not to include Social Security Number

IR 2015-78   In an Information Release, IRS has reminded tax-exempt organizations to file From 990 (Return of Organization Exempt From Income Tax) by May 15, 2015, or risk having their federal tax-exempt status revoked. IRS also cautioned these groups not to include Social Security numbers (SSNs) or other unneeded personal information on their Form […]

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IRS releases draft of streamlined application for tax-exempt status

IRS releases draft of streamlined application for tax-exempt status

IRS has released Draft Form 1023-EZ (Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code) and its draft instructions. The 2-page Form 1023-EZ is a shorter, less burdensome version of the regular Form 1023; it may be used if an organization meets specific criteria.  Click here for the Draft From […]

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Procedures provided for reinstating automatically-revoked tax-exempt status

Procedures provided for reinstating automatically-revoked tax-exempt status

In Revenue Procedure 2014-11, 2014-3 IRB, IRS has provided procedures for retroactively reinstating the tax-exempt status of organizations that had that status automatically revoked under Code Sec. 6033(j)(1) for failure to file the required annual returns for three consecutive years. Background. Most organizations that are exempt from tax under Code Sec. 501(a) are required under […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney