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International Charity Fraud Awareness Week October 18-22, 2021
The Tax Exempt & Government Entities (TE/GE) Fiscal Year 2022 Program Letter (PDF) lists our priorities for this new fiscal year. We’ll also use our Compliance Program and Priorities webpage to provide information about additional priorities as they are launched.
The Internal Revenue Service explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year.
Revenue Procedure 2021-40 amplifies Rev. Proc. 2021-3, 2021-1 IRB 140, which sets forth areas of the Internal Revenue Code (Code) relating to issues on which the Internal Revenue Service (Service) will not issue letter rulings or determination letters. The revenue procedure announces that the Service will not issue letter rulings on whether certain transactions are self-dealing within the meaning of section 4941(d) of the Code. Specifically, the Service will not issue rulings on whether an act of self-dealing occurs when a private foundation (or other entity subject to section 4941) owns or receives an interest in a limited liability company or other entity that owns a promissory note issued by a disqualified person.
Time/date: September 29th, 2021 from 1:00 to 4:00. Online, via Zoom.