The IRS Tax Exempt and Government Entity (TE/GE) division issued the following news release regarding an update to its compliance program:
TE/GE has updated its Compliance Program and Prioritieswebpage. This page provides information about initiatives under each of our compliance program’s six components that work together to promote compliance by tax-exempt and government entities:
- Compliance Strategies
- Data-Driven Approaches
- Referrals, Claims and Other Casework
- Compliance Contacts
- Determinations
- Voluntary Compliance and Other Technical Programs
We’ve updated this webpage to announce eight new initiatives:
- Compliance Strategies
- Employee Plans: Small Exempt Organizations that Sponsor Retirement Plans
- Employee Plans: One-Participant 401(k) Plans
- Employee Plans: Worker Classification
- Exempt Organizations: Officers Treating EO as Schedule C Business
- Exempt Organizations: Form 990-N Filers/Gross Receipts Model
- Tax Exempt Bonds: Student Loan Bonds Market Segment
- Tax Exempt Bonds: Form 8038-G Yield Restriction
- Compliance Contacts
- Employee Plans: Plan Liabilities and Unrelated Business Income
See full release by clicking IRS TE/GE Division Announces New Compliance Initiatives (April 5, 2021).
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.
