The Enemy of My Enemy Is My Friend
We don’t normally think of American Hospital Association and the Federation of American Hospitals as friends. After all, the AHA represents nonprofits, while the FAH represents for-profits....By:...
View ArticleHB 19 Aligns Ohio and Federal Tax Codes
Bill may impact your 2014 Ohio tax return - On April 1st, Governor Kasich signed HB 19 (the Bill) to conform Ohio’s tax code to the Internal Revenue Code (IRC). HB 19 specifically amends section...
View ArticleDocumenting Your Gifts to Charity: Don’t Jeopardize Your Charitable Deduction
April 15th is fast approaching. This is the time of year when many of our clients ask us how to properly document charitable contributions. In several recent cases, donors have been denied all or a...
View ArticleDEFENSES AGAINST FOIA: Non-Profit Planned Parenthood Succeeds In Keeping...
When inquiring minds want to know, non-profit organizations now have a stronger response. Last year, we posed the question: Can a non-profit maintain trade secrets and other confidential commercial...
View ArticleHealth Care: New IRS Requirements For Charitable Hospitals (4/15)
The IRS published its long awaited final rule December 31, 2014 to implement certain requirements of the Affordable Care Act (the ACA). The ACA added a new provision in Section 501(r) of the Tax Code,...
View ArticleThe TE/GE FY 15 Program Letter
In December of 2014 the Commissioner of the Tax Exempt & Government Entities Division of the IRS (TE/GE), Sunita Lough, issued the TE/GE Program Letter for FY 2015....By: Belfint Lyons &...
View ArticleBIO Commissioned Study Calculates Economic Contribution of...
Last month, the Biotechnology Industry Organization (BIO) announced the release of a BIO commissioned study that estimates the economic impact of academic licensing between 1996 and 2013. The study,...
View ArticleIRS Commissioner Says IRS is “Under New Management;” What’s Happened Over the...
On March 31, 2015, the Commissioner of the IRS reported in a speech to the National Press Club that the IRS is “under new management” due to major changes in management staff over the last few years....
View ArticleMove Over Vanna White, Here Comes Marion Barry’s Kidney
In 2008, former Mayor of Washington, D.C., and then council member Marion Barry became ill with a kidney disease. To survive the illness, Mr. Barry required a kidney transplant, and one of his friends,...
View ArticlePhiladelphia Eliminates Tax-Exempt Recertification Requirement
Owners of tax-exempt property in the City of Philadelphia no longer need to worry about submitting recertification forms regarding the continued use of their property. On April 7, 2015, Mayor Michael...
View ArticleRecent Developments and Trends for Exempt Organizations
Recent months have been eventful for exempt organizations and their advisors. While fundamental tax reform remains a possibility, with a number of proposals on the table that would significantly change...
View ArticleTax Policy Update
NUMBER OF THE WEEK: $1.4 Trillion. The estimated total of individual income taxes the Internal Revenue Service is expecting to collect on April 15. The U.S. House of Representatives has returned from...
View ArticleCRA Charities Directorate Publishes 2015 Program Update
The CRA Charities Directorate has published its 2015 Program Update. The CRA Charities Directorate has in recent years been actively updating and promoting the dissemination of its charity information,...
View ArticleFinancial Statements Must Reflect Services Donated from Affiliates
As a way to conserve precious resources, not-for-profits often share or “pool” personnel/services such as accounting, legal, HR or payroll with a for-profit affiliate. This often occurs at no cost to...
View ArticleLegal Issues in Cause-Related Marketing
Cause-related marketing is frequently used by businesses to bolster sales, improve brand reputation, and improve public relations. Under the laws of a number of states, when a business advertises that...
View ArticleNew York AG Takes Proactive Approach to Regulation of Nonprofits
Signaling increased oversight of nonprofit organizations, the New York Attorney General’s Office recently began to scrutinize the management and operation of New York nonprofits in an effort to head...
View ArticleAmendments to the Michigan Nonprofit Corporations Act
In January 2015, Governor Snyder signed Michigan Senate Bills 623, 624, and 929, which make significant revisions to the Michigan Nonprofit Corporation Act (MCL 450.2101 – 450.3192) (the “Act”). The...
View ArticleIRS Ordered to Make Non-Profit Form 990s Available In a Useful Electronic Format
Federal agencies cannot avoid their obligation to disclose public records in modern electronic formats merely by invoking budgetary constraints, a judge has ruled in a rare decision exploring the scope...
View ArticleLIFT Orlando Bolsters Downtown Along With Community Partners
The last few years have brought much synergy and excitement to downtown Orlando. The Dr. Phillips Center for the Performing Arts, the Amway Center, the reconstructed Orlando Citrus Bowl, The Plaza,...
View ArticleWho Files The Most Permit Applications?
California Corporations Code Section 25113(d) requires the Commissioner of Business Oversight to prepare and publicize an annual report of the number of permits that it issues for the offer and sale of...
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