The ACT: The IRS announced today that on June 11th, The Advisory Committee on Tax Exempt and Government Entities (ACT) will hold a public meeting. This meeting is designed to present recommendations to the IRS on ways to improve operations regarding employee retirement plans, tax-exempt organizations, and tax-exempt bonds. It will also present ways to improve federal, state, local, and Indian tribal governments.
Who they are: ACT was established in May 2001 to provide the IRS with an organized public forum. It is a way for the IRS to receive regular input on certain policies such as these. The committee is made up of external stakeholders and the representatives who are appointed by the Secretary of the Treasury for two-year terms.
When will this happen? Next month, six ACT project teams will present recommendations to the IRS Commissioner and senior leadership of the IRS’ Tax Exempt and Government Entities Division (TE/GE). The projects are: