Time to Freshen Up Your Charity Care Policies: Treasury and IRS Issue Final...
Among the many new requirements of the Patient Protection and Affordable Care Act of 2010 (“Affordable Care Act” or “ACA”) are amendments to the Internal Revenue Code (“IRC”) that formalize and impose...
View ArticleChairman, Chairwoman, or Chair?
To someone who is not familiar with the English language, many words must seem bizarre. One such word, is “chairman”. Does this refer to a chair made into a man or a man made from a chair? What should...
View ArticleNews from Second and State
Gov. Wolf continued to make headlines this week, this time with his activities in and around the judiciary. On Wednesday, the governor and newly-appointed–then-promptly-removed Open Records Director...
View ArticlePerspectives - February 2015
In this issue: - Not-for-Profit Spotlight - Liability Exposure for Volunteers - Rules for Reimbursing Employers Up for Review—It’s a Good Time to Brush Up on the Benefits and Requirements of Your...
View ArticleIRS Rules on Domesticated Organization and Tax-Exempt Status
Late last year, the Internal Revenue Service (“IRS”) issued a letter ruling, PLR 201446025, providing that, in certain instances, a nonprofit corporation exempt under Section 501(c)(3) of the Internal...
View ArticleCooperative Hospital Service Organizations: A Hospital Joint Venture Option
Cooperative Hospital Service Organizations (CHSOs) are organizations that are available for hospitals considering certain types of joint ventures with other hospitals. If the terms for their use...
View ArticleSecond Circuit to address case of first impression by Plaintiffs against U.S....
In a case of first impression, on April 15, 2015, the United States Court of Appeals for the Second Circuit will hear the case of Ahmad v Foundation for International Research and Education, DBA...
View ArticleProperty Valuation Topics: Winter 2015
Thorny Exemption Issue Discussed - Limited Liability Company X owns property in the Town of Windham which it leases to Corporation Y. Both entities are tax exempt under the Internal Revenue Code. Both...
View ArticleImplications of Final Regulations Under Internal Revenue Code Section 501(r)
The Internal Revenue Service replaced proposed regulations under Section 501(r) of the Internal Revenue Code (the “Code”) with final regulations in late 2014 (the “Final Regulations”). As enacted in...
View ArticleBefore Your Nonprofit Health System Considers a Merger – Three Important...
The Governing Board of every nonprofit health system considering a merger, change in control, sale or significant affiliation has a key role in the process and needs to be engaged throughout the...
View ArticleeAlert -- H-1B Visas - Time to Get Started!
February has rolled around again, so it's time to start working on H-1B petitions that must be filed on April 1 for eligibility under the H-1B cap. Many of our clients are exempt from the H-1B cap:...
View ArticleMaximize Your Charitable Gift With Your IRA
Valentine’s Day is a great time to count your blessings and make good on your charitable intentions. Why not provide for your loved ones while also providing for a charity that is near and dear to your...
View ArticleTax Policy Update
NUMBER OF THE WEEK: 3,415. The number of people who renounced their citizenship in 2014 according to IRS data. This is one of the five highest totals on record since the U.S. Congress passed the...
View ArticleSubstantiation Rules Are Not Meant to be Broken
The holiday season has passed and it is now tax-filing season. During this time, charitable organizations need to make sure that they are doing everything in their power to assist their donors in...
View ArticleIRS Issues Regulations on Section 501(r) Applicable to Charitable Hospitals
On December 29, 2014, the IRS issued final regulations under Section 501(r) of the Internal Revenue Code. Section 501(r) requires charitable hospitals to meet the following requirements in order to be...
View ArticleThe Changing Landscape of Charitable Tax Exemption in Pennsylvania
On February 17, 2015, the Pennsylvania Senate passed a bill that could have far reaching implications for all Pennsylvania nonprofit charitable organizations. The bill, S.B. 4, is a proposal to amend...
View ArticleOwners of Tax-Exempt Property in Philadelphia Must Provide Proof of Right to...
The Philadelphia Office of Property Assessment (OPA) has sent letters to all charitable organizations in the city that own property shown as tax-exempt, in whole or in part, in the OPA’s records....
View ArticleApplication For Recognition As A 501(C)(29) Organization
The Internal Revenue Service (IRS) and Department of the Treasury (Treasury) published in the January 29, 2015 Federal Register final income tax regulations (Regulations) describing procedures by which...
View ArticleTexas Supreme Court grants review in seven cases (2/15)
The seven cases include issues about the following topics: - breach-of-contract issues under a gas-purchase agreement - applicability of the open-records laws to a nonprofit entity...By: Thompson &...
View ArticleRead this before you co-sponsor a sweepstakes or contest
Quite often a company will see an opportunity to team with another company to create a sweepstakes or contest that will benefit both of them individually. For example, a manufacturer of insect...
View Article