EO Update July 21, 2006
Issue Number 2006-14
Inside This Issue:
New Deputy Commissioner Named for Tax-Exempt and Government Entities Division
Script – Executive Compensation Phone Forum
Tax Talk Today Video: Political Do's & Don't's
Tax Shelter Penalties - New Guidance
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
|7004 (for 1120-POL)||24|