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ARTICLE · 19 SEPTEMBER 2011

Treasury Releases Its Priority Plan And The Form 990 Implementation Regulations

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Treasury just released the 2011—2012 Priority Guidance Plan.

United StatesTax
Jacob Friedman
Jacob Friedman
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Treasury just released the 2011—2012 Priority Guidance Plan. The Plan lists 317 projects that are priorities for Treasury resources through June 2012. Included in these projects are 13 projects directly related to Exempt Organizations. Many of the other projects such as the 66 employee benefits, executive compensation and employment taxes projects may affect Exempt Organizations.

Among the projects directly relating to Exempt Organizations are:

  • Updating grantor and contributor reliance criteria;
  • Regulations on additional requirements for charitable hospitals;
  • Final regulations on the new supporting organization requirements;
  • Update on guidance for distributions by private foundation to foreign charities;

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