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Ways and Means Democrats Press Treasury on EO Revocations, Tax Notes

October 26, 2020

Morgan Lewis partner Alex Reid was quoted in a Tax Notes article after the Democratic members of the House Ways and Means Oversight Subcommittee sent a letter to Treasury Secretary Steven Mnuchin, questioning why the Internal Revenue Service (IRS) was revoking the tax-exempt status of more than 30,000 organizations.

According to Alex, who is a former legislation counsel at the Joint Committee on Taxation, while automatic revocation is an “unduly strict and inflexible policy,” the IRS doesn’t make the law, Congress does. Alex said, “It may be time to reconsider the policy of automatic revocations” because as it stands, the ultimate sanction of revocation is “too extreme.”

Read the full Tax Notes article >>