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ARTICLE · 06 MAY 2021

IRS Issues Updated Compliance Initiatives For Exempt Organizations

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The IRS Tax Exempt & Government Entities Division (TE/GE) has updated its 2021 Program Letter to announce eight new compliance initiatives.

United StatesTax
Elinor Ramey
Elinor Ramey
John Cobb
John Cobb
Caitlin R. Tharp
Caitlin R. Tharp

The IRS Tax Exempt & Government Entities Division (TE/GE) has updated its 2021 Program Letter to announce eight new compliance initiatives. Click here for our prior coverage of the TE/GE 2021 Program Letter. These initiatives address potential areas of noncompliance for both small and large exempt organizations.

The eight new TE/GE compliance initiatives are:

  • Small Exempt Organizations that Sponsor Retirement Plans.  This strategy reviews retirement plans of small exempt organizations to determine whether the plan investments are properly administered, whether there are any party-in-interest transactions in the plan trust, and whether any participant loans violate section 72(p).

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