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Priority Guidance Plan: 2006-2007

The joint Department of Treasury/Internal Revenue Service priority guidance plan for 2006-2007 contains the following items of interest to tax-exempt organizations:

  1. Guidance on political activities by section 501(c) (3) organizations
  2. Update Revenue Procedure 90-27 on processing exemption applications
  3. Final regulations under Internal Revenue Code sections 501(c) (3) and 4958 on revocation standards ( proposed regulations were published on September 9, 2005)
  4. Guidance on supporting organizations under section 509(a) (3)
  5. Guidance on advance and definitive rulings for organizations treated as publicly supported organizations
  6. Guidance on the authority, under section 527(l), to waive taxes and amounts imposed on political organizations for failures to comply with notice and reporting requirements
  7. Regulations regarding qualified tuition programs under section 529
  8. Guidance under 2005 legislation regarding the involvement of accommodation parties in tax shelter transactions
  9. Guidance regarding the limitation on deductions, in section 470, allowed with respect to property held by partnerships and other pass-through entities having as an owner a tax-exempt entity within the meaning of section 168(h)(2)
  10. Modify Revenue Procedure 2005-66 to reflect special determination letter procedures for governmental and tax-exempt employers

 

Page Last Reviewed or Updated: 05-Nov-2013