WASHINGTON — The Internal Revenue Service issued a notice Monday that it is seeking four applicants to join the 21-member Advisory Committee on Tax-Exempt and Government Entities, known as ACT.
The Service is seeking applicants for two vacancies on the employee plans panel and two vacancies for the exempt organizations panel.
The committees provide a venue for public input on relevant areas of tax administration. There are five ACT project teams that present an annual recommendations report to senior IRS officials.
This year the tax-exempt bond advisory group—George Magnatta, chair of Saul Ewing LLP’s public finance practice, David Cholst, partner with Chapman and Cutler LLP and J. Sue Painter, chief investment officer and treasurer for the nonprofit Providence Health & Services in Seattle—found that some of the agency’s bond-related forms are overly burdensome for issuers and recommended that some questions be eliminated.
Katherine A. Newell, director of risk management and ethics liaison officer at the New Jersey Educational Facilities Authority in Princeton, N.J., and Lorraine Tyson, a tax partner in the public finance practice group at Pugh, Jones & Johnson PC in Chicago, replaced Magnatta and Cholst on the tax-exempt advisory group this year.
ACT members are appointed by the Department of the Treasury and serve two-year terms, beginning in June 2013. Applications will be accepted through Nov. 2.
Applications can be completed in letter form or filled out on the IRS.gov website. Members of the ACT may not be federally registered lobbyists. Applications should be sent to Bobby Zarin, Communications and Liaison Director, Internal Revenue Service, 1111 Constitution Ave., NW, NCA 679, Washington, DC 20224. q