U.S. Department of the Treasury's Proposals to Improve Compliance by Tax-exempt Organizations: Hearing Before the Subcommittee on Oversight of the Committee on Ways and Means, House of Representatives, One Hundred Third Congress, Second Session, March 16, 1994, Volume 4 |
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Abatement abuses activities addition Administration's proposal apply to private appropriate believe CFRE Chairman PICKLE charitable community charitable organizations Committee comply Congress correction current law disqualified person electioneering enforcement excess benefits provided exempt under section filing requirement Form foundation excise taxes foundation manager fundraising hearing HOUGHTON imposed improve compliance income Independent Sector initial tax intermediate sanction Internal Revenue Code Internal Revenue Service involved issue J.J. Pickle Longworth House Office March 16 organization manager organization's organizations exempt payment penalty percent private benefit private foundation excise private foundation rules private letter rulings prohibition prophylactic rules proposals to improve proposed excise tax public charities questions RANGEL reasonable recommendations revocation RICK SANTORUM SAMUELS section 501 self-dealing standards for tax statement SUBCOMMITTEE ON OVERSIGHT tax laws tax on excess tax would apply tax-exempt organizations taxable expenditure Treasury Treasury's proposal types U.S. House unreasonable compensation violation Washington
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Page 16 - ASSISTANT SECRETARY (TAX POLICY) DEPARTMENT OF THE TREASURY BEFORE THE SUBCOMMITTEE ON SELECT REVENUE MEASURES COMMITTEE ON WAYS AND MEANS US HOUSE OF REPRESENTATIVES Mr.
Page 29 - For purposes of this section, the term "trade or business" includes any activity which is carried on for the production of income from the sale of goods or the performance of services.
Page 17 - Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare...
Page 29 - ... unrelated business taxable income if: (1) It is income from trade or business; (2) such trade or business is regularly carried on by the organization; and (3) the conduct of such trade or business is not substantially related (other than through the production of funds) to the organization's performance of its exempt functions.
Page 18 - For purposes of paragraph (1), the term 'substantial contributor' means any person who contributed or bequeathed an aggregate amount of more than $5,000 to the private foundation, if such amount is more than 2 percent of the total contributions and bequests received by the foundation before the close of the taxable year of the foundation in which the contribution or bequest is received by the foundation from such person. In the case of a trust, the term 'substantial contributor' also means the creator...
Page 29 - related" to exempt purposes, in the relevant sense, only where the conduct of the business activities has causal relationship to the achievement of exempt purposes (other than through the production of income); and it is "substantially related," for purposes of section 513, only if the causal relationship is a substantial one.
Page 9 - ... purposes, but does not apply to any club if any part of its net earnings inures to the benefit of any private shareholder. In general, this exemption extends to social and recreation clubs which are supported solely by membership fees, dues, and assessments. However, a club...
Page 16 - ... participate in, or intervene in, any political campaign on behalf of (or in opposition to) any candidate for public office.
Page 21 - ... be treated as compensation only if it is clear that the organization intended and made the payments as compensation for services. In determining whether such payments or transactions are, in fact, compensation, the relevant factors include whether the appropriate decision-making body approved the transfer as compensation in accordance with established procedures and whether the organization and the recipient reported the transfer...
Page 62 - P-7222-ICJ, 1986. (Testimony before the Subcommittee on Oversight, Committee on Ways and Means, US House of Representatives.) Syntheses and Policy Implications Carroll, SJ, with NM Pace, Assessing the Effects of Tort Reforms, R-3554-ICJ, 1987.