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“Qualified disaster” declarations allowing employer-sponsored charities to provide relief (2023)

“Qualified disaster” declarations (2023)

Allow employer-sponsored charities to provide relief (last updated October 16)
 
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TaxNewsFlash

The latest tax developments
 

Recent Articles

November 2023

Nov 27 - IRS updates process for requesting information related to tax-exempt organizations

Nov 17 - Proposed regulations: Disallowance of deductions for certain conservation easement contributions by partnerships, S corporations

Nov 13 - Proposed regulations: Excise taxes on taxable distributions from donor advised funds

Nov 9 - Rev. Proc. 2023-34: Inflation adjustments for 2024, items of interest to exempt organizations

October 2023

Oct 13 - Final regulations: Guidance under section 509(a) on requirements for Type III supporting organizations

Oct 4 - IRS TE/GE 2024 program letter

September 2023

Sep 29 - IRS Priority Guidance Plan for 2023-2024—exempt organization projects

Sep 29 - IRS TE/GE division provides two new technical guides

Sep 28 - IRS contingency plan during possible government shutdown

Sep 28 - Notice 2023-69: Guidance on employer leave-based donation programs aiding Hawaii wildfire victims

Sep 27 - Application period for environmental justice solar and wind capacity limitation program opens October 19

August 2023

Aug 29 - Proposed regulations: Guidance on prevailing wage and apprenticeship requirements under clean energy tax incentives

Aug 24 - Fourth quarter update to IRS 2022-2023 Priority Guidance Plan

Aug 10 - Final regulations and Rev. Proc. 2023-27: Guidance on bonus environmental justice solar and wind credits

July 2023

Jul 28 - IRS clarifies position on employee retention credit supply chain disruptions (generic legal advice memorandum)

Jul 26 - Legislative update: Senate Finance Chairman Wyden releases legislation repealing tax exemptions for certain large sports leagues, sovereign wealth funds

Jul 25 - IRS TE/GE division provides four new technical guides

Jul 24 - Final regulations: Recapture of excess employment tax credits under COVID-19 legislation

June 2023

Jun 15 - Notices 2023-45 and 2023-47: Updated guidance on requirements for energy community production and investment tax credits

Jun 14 - Treasury and IRS release guidance on direct pay and transferable tax credits

Jun 9 - GLAM: Organizations developing NIL opportunities for student-athletes generally will not qualify as tax-exempt

Jun 5 - Proposed regulations: Additional guidance on environmental justice solar and wind capacity limitation under section 48(e)

Jun 5 - Notice 2023-44: Additional guidance on qualifying advanced energy project credit under section 48C(e)

May 2023

May 25 - Government appeals district court’s finding that taxpayer was “educational organization”

May 24 - IRS expanding determination letter program to include certain section 403(b) plans

May 16 - U.S. Tax Court: Accountable care organization not entitled to tax exemption under section 501(c)(4)

May 16 - Rev. Proc. 2023-23: HSA inflation-adjusted amounts for 2024

May 8 - Third quarter update to IRS 2022-2023 Priority Guidance Plan

May 4 - Notice 2023-36: Request for recommendations for IRS 2023-2024 Priority Guidance Plan

April 2023

Apr 20 - U.S. Tax Court: Annuity payments received from charitable remainder trusts taxable as ordinary income

Apr 10 - Notice 2023-30: Safe harbor deed language for charitable conservation easements under Secure Act 2.0

Apr 7 - IRS releases strategic operating plan for use of IRA funds

Apr 4 - Rev. Proc. 2023-12: Electronic submission of Form 8940

Apr 4 - Notice 2023-29: Requirements for energy community production and investment tax credits; additional energy-related programs under sections 48(e) and 48C 

March 2023

Mar 17 - IRS TE/GE division provides two new technical guides

Mar 17 - U.S. Tax Court: Charitable deduction denied, donor must realize capital gain on shares sold by donee

Mar 15 - KPMG report: Tax proposals for private foundations in Biden Administration’s FY24 budget

February 2023

Feb 27 - Final regulations: Electronic-filing requirements for exempt organization returns, other returns and documents

January 2023

Jan 26 - Updated Technical Guide, excise taxes on self-dealing under section 4941

Jan 26 - IRS annual revenue procedures for 2023

2022 Articles

December 2022

Dec 30 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (New York)

Dec 19 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Florida)

Dec 13 - IRS TE/GE division provides new technical guides

Dec 12 - Final regulations: Health insurance coverage limited to testing, diagnosis not “minimum essential coverage” (COVID-19)

Dec 6 - Proposed regulations: Certain syndicated conservation easement transactions identified as listed transactions (text of regulations)

Dec 2 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (New York)

November 2022

Nov 23 - District court finds taxpayer was “educational organization”

Nov 17 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Illinois)

Nov 7 - Rev. Proc. 2022-40: Program for approving 403(b) retirement plans

Nov 4 - IRS Priority Guidance Plan 2022-2023—exempt organization projects increase focus on DAFs

Nov 4 - IRS TE/GE 2023 program letter

October 2022

Oct 19 - IRS reminder: Deadline to file 2019 and 2020 Forms 990-PF and 990-T to get penalty relief postponed in declared disaster areas (COVID-19)

Oct 18 - Rev. Proc. 2022-38: Inflation adjustments for 2023, items of interest to exempt organizations

Oct 5 - IRS notices: Requests for comments on upcoming clean energy tax guidance that could benefit exempt organizations

Oct 5 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (North Carolina and South Carolina)

September 2022

Sep 29 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Florida)

Sep 27 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Alaska)

Sep 26 - Notice 2022-44: Per diem rates, substantiation of employee lodging, meals, incidentals (2022-2023)

Sep 26 - Notice 2022-45: Extension of time to amend certain eligible retirement plans for qualifying distributions (COVID-19)

Sep 19 - Updated Technical Guide on exemption of certain business leagues and boards

Sep 19 - IRS updates information on pre-screening and certification process of Work Opportunity Tax Credit (WOTC) for certain tax-exempt organizations hiring veterans

Sep 19 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Puerto Rico)

Sep 8 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Arizona)

Sep 6 - KPMG report: Intersection of ESG and tax for tax-exempt healthcare organizations

Sep 2 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Mississippi)

August 2022

Aug 24 - Notice 2022-36: Penalty relief regarding Forms 990-PF and 990-T for tax years 2019 and 2020 (COVID-19)

Aug 17 - Certain measures in new law could affect or benefit exempt organizations

Aug 15 - Final regulations: IRS disclosure of exempt organization information to state officials

Aug 10 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Missouri)

Aug 8 - Reconciliation bill heads to House after passage by Senate, no specific exempt organization items

Aug 4 - IRS extends tax relief relating to wildfires in New Mexico

Aug 3 - KPMG report: Reference guide for tax-exempt organizations, preparing 2021 Form 990

Aug 3 - Notice 2022-33: Extended deadline of December 31, 2025, for amending retirement plans or IRAs

Aug 3 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (St. Croix, U.S. Virgin Islands)

Aug 2 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Kentucky)

July 2022

Jul 29 - Senate reconciliation bill, no specific exempt organization items

Jul 22 - KPMG report: Tax home and the rise of telecommuters

Jul 19 - IRS Chief Counsel Memorandum on penalties under proposed electronic-filing requirements

Jul 6 - “Qualified disaster” declarations allowing employer-sponsored charities to provide relief (Montana, Oklahoma)

June 2022

Jun 14 - KPMG report: Post-TCJA interplay between NOLs and charitable deductions

Jun 9 - Announcement 2022-13: Increased mileage rates for remainder of 2022

May 2022

May 19 - Notice 2022-28: Treatment of amounts paid to section 170(c) organizations under employer-based donation programs to aid victims of Ukraine invasion

May 12 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (New Mexico)

April 2022

Apr 29 - Rev. Proc. 2022-24: HSA inflation-adjusted amounts for 2023

Apr 29 - Senate Finance subcommittee to hold hearing on political campaign, lobbying activities of tax-exempt organizations

Apr 26 - Notice 2022-21: Request for recommendations for IRS 2022-2023 Priority Guidance Plan

Apr 4 - KPMG report: Tax proposals for exempt organizations in Biden Administration’s budget for FY 2023

March 2022

Mar 31 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Puerto Rico)

Mar 25 - IRS suspends mailing of delinquent return-related notices to tax-exempt entities

Mar 18 - Rev. Proc. 2022-20: Teleconferences satisfying the public approval requirements for tax-exempt qualified private activity bonds

Mar 14 - IRS TE/GE division provides new technical guides

Mar 14 - Sixth Circuit: Regulations on charitable donation of conservation easement upheld as valid; Tax Court affirmed

Mar 11 - JCT report on federal tax treatment of charitable contributions ahead of Finance Committee hearing

February 2022

Feb 15 - IRS updates FAQs on emergency relief grants to students; no information reporting requirement for education institutions (COVID-19)

Feb 4 - Donor advised fund legislation introduced in the House, mirrors Senate bill (ACE Act)

January 2022

Jan 26 - Final regulations implementing funding to support state and local governments (COVID-19)

Jan 20 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Tennessee)

Jan 11 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Washington State)

Jan 6 - IRS TE/GE division releases summary of “FY 2021 accomplishments”

Jan 3 - Rev. Proc. 2022-8: Electronic submission required for Form 1024

Jan 3 - “Qualified disaster” declaration allowing employer-sponsored charities to provide relief (Colorado)

2021 Articles

December 2021

Dec 31 - IRS releases annual revenue procedures for 2022

Dec 28 - “Qualified disaster” declarations allowing employer-sponsored charities to provide relief (Alabama, Arkansas)

Dec 23 - IRS extends tax relief for taxpayers, exempt organizations in six states affected by Hurricane Ida

Dec 21 - Notice 2022-1: Guidance for lenders and loan servicers regarding student loan forgiveness

Dec 17 - Notice 2022-3: Standard mileage rates for 2022

Dec 16 - IRS provides new tax-exempt organization search function

Dec 14 - Announcement 2021-18: Payments made to management companies by tax-exempt organizations, prior guidance is revoked

Dec 14 - “Qualified disaster” declarations allowing employer-sponsored charities to provide relief (Illinois, Kentucky, Tennessee)

Dec 13 - IRS to revise Form 1024 to allow for electronic submission

Dec 13 - Exempt organization-related provisions in Senate Finance Committee’s revised text of “Build Back Better Act”

Dec 6 - Notice 2021-65: Termination of employee retention credit, guidance for fourth quarter 2021 (COVID-19)

Dec 3 - Proposed regulations: Health insurance coverage limited to testing, diagnosis not “minimum essential coverage” (COVID-19)

November 2021

Nov 30 - Notice 2021-64: Required amendments list (2021) for qualified retirement plans and 403(b) plans

Nov 19 - House passes “Build Back Better Act” with tax measures of interest for exempt organizations

Nov 19 - AOD 2021-4: Nonacquiescence to Eighth Circuit’s decision invalidating part of Reg. section 1.170A-9(c)(1), primary function of education organization

Nov 18 - Rev. Procs. 2021-48, 2021-49, 2021-50: Tax treatment of PPP loan forgiveness, amounts received under “Shuttered Venue Operator Grant” program

 

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