IRS LB&I compliance campaigns (Oct. 5, 2020)

October 5, 2020 — IRS announces the identification and selection of one Large Business and International Compliance campaign
General Information

Private foundation: "Jeopardizing investments" defined

309 - Jeopardizing investments defined
General Information
Charities and Nonprofits

Knowing agreement to taxable expenditure

143 - Foundation manager knowledge that transaction is taxable expenditure
General Information
Charities and Nonprofits

Annual exempt organization returns, notices and schedules

Description of returns that may be used to satisfy the annual exempt organization filing requirement under IRC 6033.
General Information
Charities and Nonprofits

Ordering of qualifying distributions by private foundations - Special choice

Ordering of Qualifying Distributions - Special Choice
General Information
Charities and Nonprofits

Foundation status of split-interest trusts that wind up

60 - Certain split-interest trusts that wind up
General Information
Charities and Nonprofits

Donations to Section 501(c)(4) organizations

Deductibility of charitable contributions to section 501(c)(4) organizations.
General Information
Charities and Nonprofits

Political organization filing requirements: Penalties for not filing Form 1120-POL

Political Organization Filing Requirements: Penalties for Not Filing Form 1120-POL
General Information
Charities and Nonprofits

Consent to disclose electronic return information - IRC Section 6103(c)

Our objective is to reduce multiple governmental agency motor fuel filing requirements. To facilitate this objective, improve data efficiency, and advance a single point data entry system, we utilize IRC 6103(c) disclosure provisions to authorize sharing of specific motor fuel information.
General Information
Small Businesses

Understanding Your Letter 3219B

This Statutory Notice of Deficiency notifies you of our intent to assess a tax deficiency and of your right to petition the U.S. Tax Court to dispute the proposed adjustments. We made these adjustments because we received information from third parties that doesn’t match the information you reported on your return.
General Information
Individuals