Meghan Biss Talks to Tax Notes on IRS EO Determinations Process
Representatives of the nonprofit sector foresee efforts in 2020 to undo or modify portions of the Tax Cuts and Jobs Act that many believe are having an adverse effect on tax-exempt organizations and charitable giving.
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Meghan R. Biss of Caplin & Drysdale said that in 2020 she doesn’t expect repeal of or technical corrections to section 512(a)(7) or other TCJA provisions unpopular with EOs. However, there probably will be proposed regulations from the IRS on sections 512(a)(7), (6), and 4960, she added.
Determination Letters, Examinations
There likely will be major changes to the IRS EO determinations process if the electronic Form 1023 exemption application rolls out as anticipated, Biss said.
That would free up additional IRS resources for increased examinations of EOs, according to Biss. She added that she believes Tamera Ripperda, IRS Tax-Exempt and Government Entities Division commissioner, and Margaret Von Lienen, EO director at TE/GE, who both have examinations backgrounds, “would like to reduce the time and effort spent on determinations and instead focus their resources on examining potentially noncompliant entities.”
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