Volunteer Board Members of Tax-Exempt Organizations

Clarifies that the penalty will not be imposed on volunteer, unpaid members of any board of trustees or directors of tax-exempt organizations to the extent they are:

• solely serving in an honorary capacity, 
• not participating in day-to-day or financial activities of the organization, and 
• do not have actual knowledge of the failure to pay over the trust funds.

The provision does not absolve all responsible persons from liability.

The IRS must develop and make available better information concerning members of tax-exempt organizations potential liability for the penalty.

Effective on the date of enactment.

Summonses

Enrolled Agents Included as Third-Party Recordkeepers

Adds enrolled agents as third party recordkeepers. This allows the taxpayer to challenge a summons issued to an enrolled agent.

Effective for summonses issued after the date of enactment.

Designated Summonses

Requires that issuance of a designated summons regarding a corporation's tax return must first be reviewed by Regional Counsel.

The use of designated summonses is further restricted to corporations being examined as part of the Coordinated Examination Program (CEP) or its successor.

Effective for summonses issued after the date of enactment.