Congress Looks at Tax-Exempt Organizations
According to the Council on Foundations, “Rep. Charles Boustany Jr. (R-La.), chairman of the House Ways and Means Subcommittee on Oversight, said the subcommittee will hold t series of hearings [Wednesday] to look at the operations of tax-exempt organizations. The Ways and Means Committee’s web site states that “[t]he hearing will focus on certain current issues related to tax-exempt organizations, including the current IRS compliance initiative related to Universities, recently enacted reporting requirements for tax-exempt hospitals, recent efforts by tax-exempt organizations to design and implement good governance standards, and taxpayer involvement in redesigning the Form 990. In addition, the hearing will discuss the history of recent legislative changes to the tax code dealing with tax-exempt organizations and what prompted those changes.”
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