The U.S. House of Representatives’ Ways and Means Subcommittee on Oversight announced yesterday that it will hold a series of hearings on the tax-exempt sector and IRS oversight of tax-exempt activities. The first hearing will take place on Wednesday, May 16, 2012. Additional hearing dates have not been announced by the Subcommittee.
The announcement suggests that a far-reaching inquiry is about to begin, with reference to a number of specific areas, including the IRS’s colleges and universities compliance project, the impact of the IRS Form 990 redesign, and the connection between good governance and tax-law compliance. In addition, the announcement indicates that the hearing will review the history of recent legislative changes to the federal tax code dealing with tax-exempt organizations and what prompted those changes.
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