1545-BO99 201904 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Section 4960 Excise Tax on Tax-Exempt Organization Compensation

These regulations implement the new IRC section 4960. They are necessary to provide clarity to taxpayers regarding the meaning of certain terms in the statute and to prevent abusive means of avoiding the tax.

]]> Other Significant Previously Published in The Unified Agenda Proposed Rule Stage Yes No Other 26 CFR 1.4960-1 et seq. (new) 26 CFR 53.4960-1 (new) 26 CFR 301.6684-1 (revision) 26 CFR 1.507-1 (revision) 26 CFR 53.4948-1 (revision) 26 CFR 301.6501(e)-1 (revision) 26 CFR 301.6501(n)-1 (revision) 26 CFR 301.6511(f)-1 (revision) ... 26 U.S.C. 7805 26 U.S.C. 4960 Pub. L. 115-97, sec. 13602 No NPRM 12/00/2019 REG-122345-18 (NPRM) Drafter attorney: William McNally (202) 317-5600 Reviewer attorney: John Richards (202) 317-5600 Treasury attorney: Stephen LaGarde CC:EEE No Local State No No No No William McNally L. Attorney 1545 Internal Revenue Service IRS 202 317-4579 855 595-5263 william.l.mcnally@irscounsel.treas.gov 1111 Constitution Avenue NW., Room 5039, Washington DC 20224