Cautionary Guidance for the Tax-Exempt Organizations that Wish to Influence...
The vacancy on the U.S. Supreme Court created by Justice Antonin Scalia’s recent passing has prompted a national discussion regarding appointment of the next justice. Headlines in the press and social...
View ArticleHow To Survive A Conflict of Interest Scandal
What happens when you own a business and hold a political position or serve on a non-profit board and you have to make a decision in one of those positions that could affect your business? Can you...
View ArticleFederal Tax Advisory: Private Foundations and Lobbying
The Tax Court mostly ruled against a private foundation and its main contributor and foundation manager by approving the assessment of the private foundation excise tax on lobbying expenditures....
View ArticleProvisions Affecting Charities in Proposed Budget
The Administration’s proposed budget for Fiscal Year 2017 features several proposals that would impact charitable organizations and their donors, including proposals to streamline the private...
View ArticleFourth Circuit Finds Disguised Sale of VA Land Conservation Tax Credits
In Route 231, LLC v. Commissioner, 117 AFTR 2d 2016-XXXX (4th Cir. 2016), the U.S. Court of Appeals for the Fourth Circuit held that certain funds received by the taxpayer constituted income from the...
View ArticleIRS Releases Proposed Regulations Defining a “Political Subdivision” For...
On February 22, 2016, the Internal Revenue Service (the “IRS”) released proposed treasury regulations (the “Proposed Regulations” ) to provide guidance as to how the IRS intends to prospectively define...
View ArticleProposed Regulations Issued for Supporting Organizations
On February 19, 2016, the IRS and Treasury Department issued proposed regulations regarding (i) prohibitions on certain contributions to Type I and Type III supporting organizations and (ii)...
View ArticleNonprofits Seeking to Use Brownfields Tax Credits Beware: Directive Gutted by...
Massachusetts Department of Revenue guidance declared a “naked, confiscatory attempt by a state administrative agency to appropriate private property to fill government coffers” by the Massachusetts...
View ArticleProposed Regulations Relating to Type I and Type III Supporting Organizations
The IRS and the Department of the Treasury have released proposed regulations that address rules relating to Type I and Type III “supporting organizations” under the Internal Revenue Code (the “Code”)...
View ArticleHospital property tax exemption under attack in Illinois
On Jan. 5, 2016, the Illinois Fourth District Appellate Court ruled in the Carle Foundation Hospital case that an Illinois state law providing for property tax exemptions for certain not-for-profit...
View ArticlePublic Policy Alert: Freedom of Information Act Ruling
A recent ruling regarding South Carolina’s Freedom of Information Act is one to note. It came on February 22 in DomainsNewMedia.com vs. Hilton Head Island-Bluffton Chamber of Commerce....By: Nexsen...
View ArticleTreasury Green Book Proposals — Private Foundations
The Department of the Treasury has released the Treasury Green Book for Fiscal Year 2017, which provides explanations of the President’s budget proposals. One such proposal (remember…these are just...
View ArticleShould Church Debt Be Exempt From Qualification?
The California Corporate Securities Law of 1968 currently exempts from qualification any security of an issuer (1) organized exclusively for educational, benevolent, fraternal, religious, charitable,...
View ArticleTreasury Green Book Proposals — Charitable Contribution Deduction Limitations
The Department of the Treasury has released the Treasury Green Book for Fiscal Year 2017, which provides explanations of the President’s budget proposals. One such proposal (remember…these are just...
View ArticleNo Joke: Indiana Real and Personal Property Tax Exemption Applications Due...
This is no April Fools’ Day joke. Indiana property tax exemption applications for 2016 are due on or by April 1 — six weeks earlier than in previous years. If an exemption application is not properly...
View ArticleInternal Revenue Service Issues Proposed Regulations Affecting Type I and...
On February 19, 2016, the IRS issued proposed regulations regarding Type I and Type III supporting organizations (Proposed Regulations). The Proposed Regulations implement amendments to Section...
View ArticleShelf Registration Extended Offering Period: Ready for the Municipal...
Recently, a significant municipal issuer entered the market with its first sale under a $1 billion borrowing program that will use an offering statement style novel to the municipal market. For years,...
View ArticleNew Jersey Township Files Challenge to Nonprofit Hospital’s Tax Exemption
On February 19, 2016, the Township of North Bergen in New Jersey filed a complaint challenging the constitutionality of a nonprofit hospital’s – Palisades Medical Center – property tax exemption. The...
View ArticleCongressional Hearing Examines Free Speech and Tax Constraints on Campus...
Campuses across the country are wrestling with how free speech, tolerance, diversity and politics mix in a higher education environment. Recently, the Oversight Subcommittee of the House Ways and Means...
View ArticleCrowdfunding, Online Payments, and Charitable Fundraising
Nonprofits engaged in fundraising from the general public have been “crowdfunding” for centuries! Now, however, there is a profusion of online crowdfunding platforms of different types, each with its...
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