Tuesday, October 11, 2011

House Oversight Subcommittee Chairman Requests Extensive EO Info from IRS

Chairman Charles Boustany (R-LA) of the House Subcommittee on Oversight has asked Internal Revenue Service Commissioner Douglas Shulman to provide extensive information regarding IRS oversight of tax-exempt organizations. The letter opens by citing a joint hearing with another Subcommittee last April on the AARP and states "Members of both Subcommittee have expressed concern that other tax-exempt organizations may not be complying with the letter or the spirit of the tax-exempt regime, yet continue to enjoy the benefits of tax exemption."  Besides requesting general information about the overall size of the sector, Chairman Boustany's letter focuses on a range of compliance topics, including IRS use of data collected on the expanded Form 990, unrelated business income, audit selection and priorities, and current enforcement initiatives.  As noted in a Bloomberg Businessweek article, "The request builds on a broader effort among House Republicans to determine whether some nonprofits are improperly classified as tax exempt."  The letter asks the Commissioner to respond by no later than October 20th.

LHM

http://lawprofessors.typepad.com/nonprofit/2011/10/house-oversight-subcommittee-chairman-requests-eo-info-from-irs.html

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