Congress Schedules Potentially Broad-Ranging Hearings on Tax-Exempt Entities

Congressman Charles W. Boustany Jr., MD (R-LA), Chairman of the U.S. House of Representatives Subcommittee on Oversight of the Committee on Ways and Means, announced on May 9, 2012, that his subcommittee will hold a hearing 0n May 16, 2012, to review operations and oversight of tax-exempt organizations. See Boustany Announces Hearing on Tax Exempt Organizations. According to Congressman Boustany’s press release,

The hearing will focus on certain current issues related to tax-exempt organizations, including the current IRS compliance initiative related to Universities, recently enacted reporting requirements for tax-exempt hospitals, recent efforts by tax-exempt organizations to design and implement good governance standards, and taxpayer involvement in redesigning the Form 990.  In addition, the hearing will discuss the history of recent legislative changes to the tax code dealing with tax-exempt organizations and what prompted those changes.

The press release contains instructions regarding how interested persons may submit comments relating to the subject matter of the hearing. The deadline for submission of such comments is May 30, 2012.

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