No Party for IRS: Court Certifies Class of Conservative Nonprofits
If you thought that the political controversy over alleged IRS targeting of Tea Party organizations was confined to the media, think again – the issue has reached the courts. The Southern District of...
View Article"FEC Dismisses Wal-Mart PAC Match Case"
The Federal Election Commission (FEC) recently dismissed a complaint filed against Wal-Mart Stores, Inc. and its political action committee (PAC), finding that Wal-Mart's 2-for-1 PAC match program did...
View ArticleIRS Exempt Organization Newsletter 2016-1
On February 2, the IRS released its Exempt Organization Newsletter, Issue Number 2016-1. ..Register for IRS webinar: Starting and Operating Charities for Disaster Relief - ..Form 990-N submission...
View ArticleExempt Organizations: 2015 Amendments to New York’s Nonprofit Revitalization...
In December of 2013, New York enacted the Nonprofit Revitalization Act (the NPRA) which impacted all New York not-for-profit corporations as it sought to not only update New York’s Not-for-Profit...
View ArticleGovernor Christie’s Veto of Hospital Fee Bill Tees Up Additional Litigation
On January 19, 2016, New Jersey Governor Chris Christie vetoed bipartisan legislation that sought to establish hospital “community service contributions” (“CSCs”) in hopes of avoiding litigation...
View ArticleWill 2015 IRS Notice Boost Foundations’ Mission-Related Investing in 2016?
Foundations are effective vehicles for families who want to make a collective philanthropic impact now and for generations to come. Traditionally, foundations have achieved this impact solely through...
View ArticlePTOs – IRS changes may impact tax compliance!
Small tax-exempt organizations, including many parent-teacher organizations, whose annual gross receipts are less than $50,000 may qualify to file a Form 990-N Electronic Notice (e-Postcard) for...
View ArticleThe Problems with 403(b) Plans
I always say that as bad as 401(k) plans may be, 403(b) plans are in much worse shape. It didn’t help that the Internal Revenue Service only issued regulations that governed them only 30 years too...
View ArticleSan Diego Tourism Surcharge Lawsuit Moves Forward
A judge recently ruled that the nonprofit group San Diegans for Open Government (“SDFOG”) has standing to challenge the City of San Diego’s practice of charging hotels a fee used to promote the City’s...
View ArticlePerspectives - February 2016
I Just Received Drafts of Construction Loan Documents from My Lender, Now What? I have heard the following statement many, many times over the course of my career: “Do I really need to hire an attorney...
View ArticleCharity's Patient Assistance Program Passes OIG Muster in Advisory Opinion 15-17
On December 28, 2015, the Department of Health and Human Services, Office of Inspector General (OIG) issued OIG Advisory Opinion 15-17, approving a charity’s proposal to unveil a new patient assistance...
View ArticleTrust as a Fig-Leaf of Poor Compliance and Management
Trust is an important, nurturing presence in the workplace. There is a level of trust inherent in all controls, and NGOs are often dependent on trust, especially in emergency operations, distant field...
View ArticleOIG Approves Another Patient Assistance Program in Advisory Opinion 15-16
On December 28, 2015, the Office of Inspector General (OIG) approved another patient assistance program in Advisory Opinion 15-16. The OIG analyzed contributions to a private charitable organization...
View ArticleBrother, Can You Spare a Dime?
Using Private Placement Variable Deferred Annuity (GAC) Contracts to Enhance the After-Tax Investment Return of Tax Exempt and Foreign Investors in Direct Lending Investments - Overview - Domestic and...
View ArticleOIG Approves Charitable Program Providing Financial Assistance for MRIs in...
On November 13, 2015, the U.S. Department of Health & Human Services, Office of Inspector General (OIG) issued Advisory Opinion 15-14. The Arrangement at issue is a charitable program designed to...
View ArticleChina Progresses with Increased Environmental Accountability for Industry and...
This January, China’s Supreme People’s Procuratorate (SPP), the country’s most senior prosecution and investigation authority, issued a statement analysing the initial six months of its pilot programme...
View ArticleCongress Inquires About College and University Endowments
US House Committee on Ways and Means and US Senate Committee on Finance issue joint letter to colleges and universities with endowments greater than $1 billion. On February 8, the US Senate Committee...
View Article[Video] (Video) Solicitation of Charitable Contributions
Nexsen Pruet tax and benefits attorney Sue Odom recently produced a quick video about requirements for non-profit organizations that solicit contributions for charitable purposes. Suzanne G. Odom has...
View ArticleIRS Releases New Proposed Political Subdivision Regulations
On February 22, 2016, the Internal Revenue Service (the “IRS”) published new proposed regulations (the “Proposed Regulations”) in the Federal Register providing guidance as to the definition of a...
View ArticleDoes your compliance program bear the hallmarks of excellence? 7 steps to...
Colleges and universities face the daunting task of keeping pace with an ever-evolving landscape of regulation. Institutions need to ensure they are complying with the law, avoiding government...
View Article