EO Updates TG 58 Excise Taxes on Self-Dealing under IRC 4941

Last week, the Service released recently updated Technical Guide 58, regarding IRC 4941 excise taxes on self-dealing.  I was particularly tickled to see the announcement in the IRS email update to which I subscribe because the update is based on Chief Counsel Advisory 202243008.  The Advisory was written to Casey Lothamer, Area Counsel (Tax Exempt and Government Entities), Mid-Atlantic Region.  Casey is one of my former students from my days at Pitt.  It makes me wanna hitch up my pants and brag when I see one of my former students out in the trenches.   “Yeap.  I taught that boy dang near ere’thang he knows about exempt organizations!”