Overview
OECD Invites Taxpayer Input on Dispute Resolution Peer Reviews: The Organisation for Economic Co-operation and Development (OECD) is gathering input for the Stage 1 peer reviews of Argentina, Chile, Colombia, Croatia, India, Latvia, Lithuania, and South Africa, and invites taxpayers to submit input on specific issues relating to access to the Mutual Agreement Procedure (MAP), clarity and availability of MAP guidance, and the timely implementation of MAP agreements for each of these jurisdictions using the taxpayer input questionnaire. The MAP peer review and monitoring process under Action 14 of the OECD BEPS Action Plan was launched in December 2016. The peer review process is conducted in two stages. Under Stage 1, implementation of the Action 14 minimum standard is evaluated for Inclusive Framework members. Stage 2 focuses on monitoring the follow-up of the recommendations resulting from jurisdictions' Stage 1 report.
Miscellaneous Guidance: The IRS has released four tables containing data from Statistics of Income's (SOI) Tax Year 2015 study of tax-exempt organizations (excluding private foundations). The tables contain balance sheet, income statement, and functional expense data from Forms 990 and 990-EZ filed by organizations exempt under Internal Revenue Code Sections 501(c)(3) through (c)(9). The release also includes microdata and documentation from the SOI exempt organization sample study used to create the tables.