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EO Update July 21, 2006

Issue Number 2006-14

 


Inside This Issue:

  1. New Deputy Commissioner Named for Tax-Exempt and Government Entities Division
  2. Script – Executive Compensation Phone Forum
  3. Tax Talk Today Video: Political Do's & Don't's
  4. Tax Shelter Penalties - New Guidance
  5.  e-File News

 


1. New Deputy Commissioner Named for Tax-Exempt and Government Entities Division

The IRS announced that Christopher Wagner will serve as Deputy Commissioner of the TE/GE Division.

 


2. Script – Executive Compensation Phone Forum

The script for the recent phone forum on executive compensation issues is available.

 


3. Tax Talk Today Video: Political Do's & Don't's

View the Political Intervention: Do's and Don'ts video. This one hour video shows IRS subject matter experts explaining the political campaign intervention rules that apply to 501(c)(3) organizations, including charities and churches.

 


4. Tax Shelter Penalties - New Guidance

Notice 2006-65  includes guidance on the recently enacted law that detailed an increase in penalties on tax-exempt accommodation parties that are involved in certain prohibited tax shelter transactions.

 


5.  e-File News

Visit the Modernized e-file for Charities and Nonprofits homepage for up-to-date electronic filing information, including the requirement for more organizations to begin e-filing in 2007.

 

E-File Statistics for Year-to-Date ending

July 2, 2006
  

 Form

 Year-to-Date

 990  4090
 990-EZ  1552
 990-PF  736
 1120-POL  2
 8868  8470
 7004 (for 1120-POL)  24
 Total Returns/Extensions  14874
Page Last Reviewed or Updated: 03-Jun-2013