EO will continue its balanced approach to tax administration through its emphasis on enforcement and addressing abusive transactions, while maintaining education and outreach to the tax-exempt community. The critical initiatives commenced in FY 2005 will be completed in FY 2006.
1. New initiatives planned for FY 2006 involve abuses in the following areas:
- Easements – both facade and conservation
- Charitable trusts
- Charities facilitating abusive transactions – accommodation parties
- Hospitals – potentially on compensation and community benefit standards
2. EO will continue to work with Counsel and Treasury in issuing guidance on issues, including:
- Guidance on donee reporting for car donations
- Guidance on down-payment assistance organizations
- Guidance under IRC 501(c)(15)
- Guidance under IRC 527(1)
- Regulations under IRC 529 regarding qualified tuition programs
3. EO will continue to work on promoting a better understanding of tax law and providing quality service to taxpayers. EO will continue to reach out to small and mid-size tax-exempt organizations by leveraging technology to maximize the reach of its programs, including a redesign of the tax-exempt section of irs.gov and the development of a series of web-based training modules based on the content of its Small and Mid-Size Organizations workshop.
4. EO will continue to improve business results and efficiency through automation enhancements, including developing an interactive application for completing Form 1023.