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EO CORNER

EO Corner is alliantgroup’s periodic newsletter with information for nonprofit tax-exempt organizations and the tax advisers who represent them. This edition contains the following stories—each headline is linked: Treasury Releases New Type I and Type III Supporting Organization Regulations IRS…

COURT ACTION

Watch the Formalities: Government Wins as Court Ignores Taxpayer Structure in Wrongful Levy Case In WRK RARITIES, LLC v. U.S., ET AL., CaseNo. 4:13cv791, DC OH, 02/29/2016, the taxpayer filed a wrongful levy suit against the government. WRK Rarities, LLC…

LB&I Modifies Examination Process

The IRS recently issued Publication 5125, Large Business & International Examination Process, which outlines changes to LB&I’s examination process that will take effect May 1, 2016. Publication 5125 sets out procedures to complete examinations more efficiently and to ensure that the…

Treasury Releases New Estate Basis Regulations

In response to the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, Treasury released new proposed regulations requiring consistent estate basis reporting for certain types of property. These new regulations are important for both beneficiaries and executors…

IRS Releases 2015 Enforcement Statistics

By Steven Miller, alliantgroup National Director of Tax and former IRS Acting Commissioner The IRS released its fiscal 2015 enforcement statistics on February 22, 2016. Although most of the statistics did not change significantly from the prior year, a couple…
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