From the Washington Post: The Internal evenue Service plans to revoke the tax-exempt status of 30 nonprofit credit-counseling organizations, saying the groups are not providing adequate financial education to their clients and funnel too much money to their chief executives and to related for-profit entities. So far, five credit organizations have lost their tax-exempt status, while the reminder have been notified that their status is about to change.

From BNA: Senate Finance Committee Chairman Charles Grassley (R-Iowa) said Jan. 12 he will propose new reforms for charitable and tax-exempt organizations later in 2006 beyond those in a pending tax reconciliation bill (S. 2020). However, reform likely will not be accomplished in a single package as once envisioned, Grassley said. Progress on charitable sector reforms, which his committee has been examining in recent years, probably will be a "piecemeal" approach of correcting perceived problems as opposed to one "gigantic" bill, Grassley told Iowa reporters via teleconference.

Check out this New York Times article on the possible banning of privately funded travel. This could have impacts for nonprofits, which we discuss more extensively in our Watcher article on the new lobby reform bills before Congress.