The 1995 Nonprofit Counsel Summaries

January 1995

Proposed Regulations on Political Activities by Charities Issued
Proposed Regulations on Integrated Auxiliaries of Churches Issued
IRS Revokes Health Care Institution's Tax Exemption; Lawsuit Filed by Entity [LAC Facilities, Inc. v. United States]

February 1995

Settlement by NY Attorney General Offers Guidelines for Charities' Operations
Proposed Regulations Issued on Insurance Purchases and Indemnifications by Private Foundations
IRS Rules on Tax Consequences of Short Sales of Stock [Rev. Rul. 95-8]
IRS Rules on Taxation of Mailing List Exchanges [TAM 9502009]
Parade of Legislation

March 1995

Volunteer Exception Held Not Available, Because of Tips [Executive Network Club, Inc. v. Commissioner]
IRS Allows Land Sales to Proceed Without Taxation [PLR 9505020]
Using First- and Second-Tier Subsidiaries: A Case Study [PLR 9506046]
IRS Approves Nontraditional Foundation Investments [PLR 9451067]
Administration's Budget and Tax Expenditures
Churches and Political Campaign Activities -- Again
Parade of Legislation

April 1995

Partnership Case Won By IRS on Appeal -- On Technicality [Housing Pioneers, Inc. v. Commissioner; see September 1995 issue]
Treasury, IRS Sketch Out 1995 Game Plan
Ways and Means Announces Oversight Plan for Coming Months
Association Tax Issues Subject of Wide-Ranging TAM [9509002]

May 1995

IRS Proposes Guidelines for Physician Recruitment Plans [Ann. 95-25]
IRS Applies Surtax Exemption Apportionment Rule in EO Setting [TAM 9509002]
Full UBIT Deduction Held Available for Social Clubs [Chicago Metropolitan Ski Council v. Commissioner]
IRS Creates Limited Exception for Associate Member Dues [Rev. Proc. 95-21]
Parade of Legislation

June 1995

Association Prevails on Two Unrelated Business Issues [American Academy of Family Physicians v. United States]
IRS Issues Proposed Guidelines for Low-Income Housing Exempt Organizations [Ann. 95-37]
Church Sues IRS Over Revocation of Exemption for Political Acts [Branch Ministries v. Richardson]
Form 990 Revisions Underway; Development to be Incremental
Exempt Organizations Financial Data to be More Publicly Accessible
Parade of Legislation

July 1995

IRS Proposes Tax-Exempt Use Property Regulations
Credit Union Association Ruled a Business League [Credit Union Insurance Corporation v. United States]
Association Ruled to be Exempt From Lobbying Rules
Latest IRS Data on Foundations Made Available
S Corporation Law Revisions Would Allow Exempt Shareholders
Implications of the New Era Foundation case

August 1995

Wide Range of Tax Law Proposals Considered During House Committee Hearings
Association Held to Have Taxable Insurance Income [Texas Farm Bureau v. United States]
Are Tax Law Changes for Exempt Organizations Imminent?
Charities and Lobbying -- And Misunderstanding of the Law

September 1995

Congress Limiting Exempt Organization's Lobbying
IRS Issues Final Regulations Concerning Definition of Lobbying, In-House Lobbying Expense Allocations
IRS Issues Rules Governing Exempt Organizations' Lobbying and Political Campaign Activities Disclosures and Taxes
[Rev. Proc. 95-35]
Appeals Court Tries to Fix Its Erroneous Partnership Opinion -- And Fails [Housing Pioneers, Inc. v. Commissioner]
Treasury Responds to Tax Proposals Considered at Hearing

October 1995

November 1995

Intermediate Sanctions on the Road to Enactment
Tax Legislation Contains Much More Than Sanctions
Self-Dealing Law Galore as IRS Issues Raft of Rulings [PLRs 9530032, 9533041, 9535015, 9535043]
Lessening the Burdens of Government: Keeping Baseball [PLR 9530024]

December 1995

Senate Passes Massive Tax Legislative Package
Hospital Cooperatives and Exemption: Close Is Not Enough [TAM 9542002]
Cooperative's Arbitrage Profits Held Debt-Financed Income [Southwest Texas Electrical Cooperative, Inc. v. Commissioner]
Instant Bingo Not "Bingo" Protected by UBIT Exception [Julius M. Israel Lodge of B'nai B'rith No. 2113 v. Commissioner]