Materials discussing how federal tax rules apply to tax-exempt credit counseling organizations; and the IRS's compliance program for these organizations. Title Description Internal Revenue Code section 501(q) Statute providing additional criteria for exemption of credit counseling organizations Technical explanation of credit counseling provisions in Pension Protection Act of 2006 PDF Prepared by the staff of the Joint Committee on Taxation IRS Reports on Credit Counseling Initiative An article discussing an Internal Revenue Service report on tax-exempt credit counseling agencies and steps being taken to ensure these organizations comply with the law Frequently Asked Questions FAQs about the IRS Credit Counseling Compliance Project IRS Takes Steps to Ensure Credit Counseling Organizations Comply With Requirements for Tax-Exempt Status An IRS Fact Sheet Written Testimony of Mark Everson, Commissioner of Internal Revenue PDF Before the Permanent Subcommittee on Investigations, Committee on Governmental Affairs, United States Senate, Hearing on the Role and Tax-Exempt Status of Certain Not-For-Profit Credit Counseling Agencies, March 24, 2004 Credit Counseling Organizations PDF An Exempt Organizations Continuing Professional Education article
