Section of Taxation
Submission to the Federal Executive Branch

Comments Concerning Temporary and Proposed Regulations
Under Section 4958 of the Internal Revenue Code of 1986
April 10, 2001

Contents

Disclaimer
Introduction
Comments on Temp. Reg. § 53.4958-2T
Temp. Reg. § 53-4958-2T(a)(1)—Definition of “governmental entity”
Comments on Temp. Reg. § 53.4958-3T
Temp. Reg. § 53.4958-3T(d)(2)—Section 501(c)(4) organizations
Donor Advised Funds
Temp. Reg. § 53.4958-3T(e)(2)(iii)—Revenue-Based Compensation
Comments on Temp Reg. § 53.4958-4T
Temp. Reg. § 53.4958-4T(a)(3)(vii), Example 6—Simultaneous Contract
Temp. Reg. § 53.4958-4T(a)(4)—Benefits Provided to Donors
Temp. Reg. § 53.4958-4T(b)(2)—Timing of Reasonableness Determination
Comments on Temp Reg. § 53.4958-6T
Temp. Reg. § 53-4958-6T(c)(1)(i)(C)—Definition of “Authorized Body”
Temp. Reg. § 53-4958-6T(c)(2)(iv), Example 4—Compensation studies
Comments on Temp Reg. § 53.4958-7T
Temp Reg. § 53.4958-7T(b)(4)—Correction by return of specific property
Temp. Reg. § 53.4958-7T(e)—Relationship of disqualified person and successor organization
Comments on Temp. Reg. § 53.4958-8T
Temp. Reg. § 53-4958-8T(a)—Factors leading to revocation of exemption
Conclusion