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Revocations and Rejections

Tuesday, July 29, 2014

Among this week's release of private letter rulings was one rejection letter, PLR 201430014.

Jermihov: Cash Contributions to Church Not Substantiated

Tuesday, July 29, 2014

In Jermihov v. Commissioner, the Tax Court ruled a husband and wife did not substantiate claimed deductions for cash contributions to their church. However, the court allowed a small fraction of the claimed amount based on the taxpayers' testimony at trial.

Two Scholarship Exception Rulings

Monday, July 28, 2014

In two unrelated rulings, PLRs 201430015 and 201430016, the Service determined a private foundation's grants to individuals would fall within the scholarship exception to the general prohibition against taxable expenditures.

Six Rulings on Inherited IRAs and Spousal Rollovers

Monday, July 28, 2014

Among this week's release of private letter rulings were six rulings dealing with issues arising from imperfect beneficiary designations on decedents' IRAs.

TAM 201430019 - Nonmember Receipts by Social Club Within Limits

Monday, July 28, 2014

In TAM 201430019, TE/GE Technical advised an area appeals office that the 501(c)(7) status of a social organization for owners of a particular make of automobile should not be revoked on the basis of its receipts from nonmembers.

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