IRS Releases Priority Guidance Plan

The IRS recently released its Priority Guidance Plan for the 2020-2021 fiscal year, which ends June 30, 2021. The list of priorities for exempt organizations contains one COVID-related item related to deadline relief for hospitals required to meet the community health needs assessment requirements under Section 501(r)(3).

However, most items are the list are fairly familiar to practitioners in the exempt organization area:

  • Final regulations on 509(a)(3) supporting organizations have been on the list since proposed regulations were published in 2016. Click here for our most recent blog post on these regulations.
  • Regulations related to donor-advised funds, which have been needed since the Pension Protection Act of 2006 overhauled the DAF landscape. Click here for our most recent blog post on this topic.
  • Final regulations under Section 6104(c), related to publication of certain information to state officials.
  • Guidance under §4941 regarding a private foundation’s investment in a partnership in which disqualified persons are also partners.

It remains to be seen how COVID-19 pandemic will affect the IRS going into 2021, but here’s hoping that one or two of the above items are checked off the list!


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