Weekly Report from Washington, D.C.

Lawmakers have started their Independence Day recess. The IRS released guidance for tax-exempt organizations and cautioned taxpayers and tax professionals about scams.

Congress

House. A House subcommittee approved an IRS budget for fiscal year (FY) 2018 (TAXDAY, 2017/06/30, C.1).

Senate. Senate GOP leaders delayed a vote on health care legislation (TAXDAY, 2017/06/28, C.1; TAXDAY, 2017/06/30, C.2).

IRS

Exempt Organizations. The IRS released guidance for tax-exempt organizations that creates a streamlined tax-exempt status application process in tandem with Form 1023-EZ (T.D. 9819; TAXDAY, 2017/06/30, I.1).

Tax Scams. The IRS warned taxpayers about a variety of tax scams (IR-2017-112; TAXDAY, 2017/06/27, I.1). The Service also cautioned tax professionals about phishing-email scams (IR-2017-111; TAXDAY, 2017/06/26, I.4).

NTA. The National Taxpayer Advocate delivered a mid-year report to Congress, including a review of the 2017 Filing Season (IR-2017-113; TAXDAY, 2017/06/29, I.1).

ETAAC. The IRS Electronic Tax Administration Advisory Committee delivered a report, singling out the Security Summit partnership formed to combat identity theft and refund fraud (IR-2017-114; TAXDAY, 2017/06/29, I.2).

Retirement Plans. The IRS announced guidance for retirement plans relating to the pre-approved plan program, setting forth procedures for opinion letters and a list of cumulative changes in plan qualification requirements (Notice 2017-37, TAXDAY, 2017/07/03, I.5; Rev. Proc. 2017-41, TAXDAY, 2017/07/03, I.4).

By Jessica Jeane and George L. Yaksick, Jr., Wolters Kluwer News Staff

AUTHOR

CCHTaxGroup

All stories by: CCHTaxGroup

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