House Oversight Subcommittee tax-exempt hearing focuses on commercial activities, complex structures, and Form 990 redesign

On July 25, 2012, the Oversight Subcommittee of the House Ways and Means Committee held a hearing entitled "Hearing on Public Charity Organizational Issues, Unrelated Business Income Tax, and the Revised Form 990." The hearing was intended to focus on issues of transparency and compliance efforts, organizational complexity, and commercial activities relating to public charities. The hearing turned out to be far-reaching and covered topics relevant to major parts of the exempt sector.