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ACT To Meet Next Week, IRS Reveals

by Glen Shapiro, LawAndTax-News.com, New York

02 June 2008

The Advisory Committee on Tax Exempt and Government Entities (ACT) will hold a public meeting to present to the Internal Revenue Service recommendations on ways to improve operations regarding employee retirement plans, tax-exempt organizations, tax-exempt bonds and federal, state, local and Indian tribal governments, it was announced on Thursday.

The ACT was established in May 2001 under the Federal Advisory Committee Act, to provide an organized public forum for the IRS to receive regular input on exempt organization and employee plan policy.

The advisory committee consists of external stakeholders and their representatives, who are appointed by the Secretary of the Treasury for two-year terms.

At the 11th June public meeting, six ACT project teams will present recommendations to the IRS Commissioner and senior leadership of the IRS’ Tax Exempt and Government Entities Division (TE/GE).

The projects under scrutiny are:

  • Improving the Employee Plans Compliance Resolution System: A Roadmap for Greater Compliance;
  • The Appropriate Role of the Internal Revenue Service With Respect to Tax-Exempt Organization Good Governance Issues;
  • The Streamlined Closing Agreement for Tax-Exempt Bonds: A Cure for Common Violations;
  • Protecting Plan Benefits: Improving Governmental Defined Contribution Plan Compliance;
  • Tax Treatment of Cellular Telephones and Internet-Provider Allowances; and
  • Governmental Relationship and Communication Between the Internal Revenue Service and Indian Tribal Governments.

The IRS also last week named eight new members to the 21-member ACT. They join the 13 returning committee members.

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