Managing Cybersecurity Risk for Nonprofit Organizations: A Fiduciary Duty?
We live in an era of increasingly prevalent cybercrime, and nonprofits are in the crosshairs. Harvard University, Penn State University and two BlueCross BlueShield entities are just a few nonprofit...
View ArticleClass Action Lawsuit Seeks Payments from All Illinois Hospitals for...
You can add one more lawsuit to the mountain of litigation concerning how and when Illinois hospitals are entitled to a property tax exemption. Earlier this month a limited partnership filed a class...
View ArticleWhy Can’t We Be Friends? The Supreme Court Discovers an Unexpected Meeting of...
Regardless of one’s preferred metaphor, the Supreme Court of the United States is adept at ducking, punting, and otherwise avoiding messy and socially divisive interpretive issues. Every once in a...
View ArticleNew Law Imposes Additional Requirements on NGOs Operating in China
Until recently, there have been few formal regulations regarding the operation of foreign non-governmental organizations (NGOs) in China. While the Chinese government has expressed skepticism and, at...
View ArticleEO Update: e-News for Charities & Nonprofits
Some Form 990-N Electronic Filing System (e-Postcard) users may see error messages - The Form 990-N online filing system moved from Urban Institute to IRS.gov in February. While the new system has been...
View ArticleShanghai Issues Draft of Revised Environmental Protection Regulations for...
The Shanghai Municipal People’s Congress has released the revised Shanghai Environmental Protection Regulations (in Chinese only) for public comment. The revised Regulations, which first came into...
View ArticleU.S. Supreme Court Declines to Rule on Merits in ACA Religious Accommodation...
The United States Supreme Court has declined to rule on the merits in a case brought by religious non-profit entities challenging the “religious accommodations” to the contraception mandate under the...
View ArticleSurprising Result in Supreme Court Contraceptive Decision
The U.S. Supreme Court issued an unusual decision in the latest legal challenge to the Affordable Care Act (ACA) to reach the high court. In Zubik v. Burwell, the Court consolidated appeals filed by...
View ArticleWhere do the DOL’s New FLSA White-Collar Overtime Regulations Leave...
Over the course of this and next week, we will discuss the final overtime rule’s impact and address related workplace issues on which employers should focus in advance of its December 1st...
View ArticleChina’s New Laws on Foreign and Domestic NGOs
Operating in China just became a bit more complex for foreign nongovernmental organizations (NGOs). China’s new “Law on the Management of Foreign Non-Governmental Organizations’ Activities within...
View ArticleDOL's New Salary Rule on Overtime Will Impact Many Nonprofits
As you’ve likely heard, the U.S. Department of Labor (DOL) released its final regulations on May 18, 2016, changing the overtime exemptions under the Fair Labor Standards Act (FLSA). In short, most...
View ArticleThe DOL's Final Overtime Rule: Survival Strategies for Nonprofit Organizations
Under the Department of Labor’s final overtime rule, the threshold salary level for white collar exempt employees will increase from the current $455 per week to $913 per week ($47,476 per annum) on...
View ArticleProposed Disregarded Entity Regulations: Potential Implications for Charities
On May 10, 2016, the Internal Revenue Service (“IRS”) published proposed regulations that would impose additional reporting and record-keeping requirements on domestic “disregarded entities” that are...
View ArticleAccountable Care, Non-Profit Status and the Dangerous Ripple Effect it May Cause
On April 8, 2016, the Internal Revenue Service (IRS) released Private Letter Ruling (PLR) 201615022, which denied tax-exempt 501(c)(3) status to a commercial accountable care organization (ACO). This...
View ArticleAccountable Care, Non-Profit Status and the Dangerous Ripple Effect it May...
On April 8, 2016, the Internal Revenue Service (IRS) released Private Letter Ruling (PLR) 201615022, which denied tax-exempt 501(c)(3) status to a commercial accountable care organization (ACO). This...
View ArticleArrested Development: Fighting fraud & corruption in international aid
The following interview is with Oliver May. RB: Oliver, you’ve been specialising in how corruption affects aid organisations. Perhaps you could tell us a little about your background and how you got...
View ArticleAmerican Hospital Association Urges IRS To Affirm that Tax-Exempt Hospitals...
The American Hospital Association (AHA) has written to John Koskinen, Commissioner of the Internal Revenue Service (IRS), and Mark Mazur, Assistant Secretary for Tax Policy at the Treasury Department,...
View ArticleSole interest or best interest: Equity's traditional default loyalty...
Some in academia have been advocating that trustees generally be held to a best-interest-of-beneficiary default standard rather than the traditional and more rigorous sole-interest-of-beneficiary...
View ArticleWealth Management Update - June 2016
June Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts The June § 7520 rate for use with estate planning techniques such as CRTs,...
View ArticleRed Notice Newsletter - May 2016
ANTICORRUPTION DEVELOPMENTS - Former Securency Manager Convicted of Corruption - On May 11, 2016, Peter Michael Chapman, former manager of polymer banknote manufacturer Securency PTY Ltd....
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