IRS TE/GE Exempt Organizations 2011 Annual Report & 2012 Work Plan

The Tax Exempt & Government Entities (TE/GE) division of the Internal Revenue Service has issued their 2011 Annual Report & 2012 Work Plan. This is an excellent resource for practitioners and EO personnel alike.

Regarding the IRS’s fiscal year 2012 Work Plan for exempt organizations, please find following some of the highlights:

  • IRS will continue to implement new legislation regarding the auto-revocation of exempt organization non-filers
  • IRS will continue to implement new legislation regarding the reporting requirements of tax-exempt hospitals
  • IRS will continue to implement new legislation regarding accountable care organizations
  • IRS plans to focus more attention on §501(c)(4), §501(c)(5) and §501(c)(6) organizations
  • IRS plans to focus more attention on private foundations, particularly larger ones
  • IRS will continue to focus on the understating of unrelated business income by exempt organizations
  • IRS will continue to scrutinize the operations of colleges and universities
  • Since 2012 is an election year, IRS will focus on political activities of exempt organizations             More Info