Greedy Charitable Deductions May Cost You
Taxpayers are not required to pay a negligence penalty for underpayment of income taxes if, under Internal Revenue Code regulations, there is reasonable cause for a position that the Taxpayer takes in...
View ArticleA Path Forward: Corporate Integrity Agreement Sheds Light on Manufacturer...
Manufacturers of pharmaceuticals and biologics have been closely watching the industry-wide investigation by the Boston U.S. Attorney's Office into manufacturer support of independent charitable...
View ArticleIRS Issues Guidance on US Private Foundation Equivalency Determinations for...
On 14 September 2017, the IRS issued Revenue Procedure 2017-53, setting out the requirements for ‘preferred written advice’ upon which a US domestic private foundation can rely when making grants to...
View ArticleFocus on Health Care Provider Bankruptcies
The next few years are expected to see a significant increase in the volume of bankruptcy cases filed by health care providers. Thus far in 2017, the number of bankruptcies in health care-related...
View ArticleHospitals Take Heed: Gradual Evolution of the IRS’ Position on Tax Exemption
There has been much fanfare, but little discussion, among healthcare experts in the United States regarding the Internal Revenue Service recently published PLR 201731014. The Letter Ruling provides a...
View ArticleQuick Guide: The Lifecycle of a Motion
Remember that previous post on the parliamentary procedure basics for how to make a motion? Here’s “Making Motions – Round 2,” a more detailed guide on the specific language* you should use both for...
View ArticleRecent IRS Ruling Creates (Interest)ing Tax Conundrum for Sports Teams...
On June 2, 2017, the Internal Revenue Service (IRS) held in a private letter ruling that proceeds used to a fund portion of the new stadium for the Los Angeles Rams franchise of the National Football...
View Article[Event] Community Association Seminar Fall 2017 - November 9th and November...
Join us for our Fall 2017 Community Association Seminar! - What to do if your Association is the victim of embezzlement? - Understanding Changes to MCIOA for Construction Defect Claims...By: Hellmuth...
View Article5 Essential Facts about Closing Debate
If there’s one reason people hate meetings, it’s because they drag on forever with needless discussion. According to Robert’s Rules, closing debate and moving directly to a vote on a motion – via a...
View ArticleFour Key Components to Law Firm Financial Health-Meeting the Universal Objective
Law firms come in all shapes and sizes. Some consciously specialize in distinct areas of the law while others are more reactionary-willing to do anything they feel generally competent to do. Firms can...
View ArticleMichigan Property Tax Exemption for Charitable Institutions Is Again...
Property owned and occupied by charitable institutions solely for their charitable purposes is exempt from Michigan property tax. Some assessors denied exemptions to charities that charged fees for...
View ArticleNot out of the woods yet: What the lifting of Sudan sanctions means for...
Yesterday, on October 12, 2017, the U.S. permanently revoked most sanctions against Sudan. This lifting represents the completion of a process that began in January 2017, and was extended in July...
View ArticleAddressing the Growing Need for Senior Living Projects Through Tax-Exempt...
As the senior population continues to grow, so does the need for housing built specifically for seniors, such as multifamily senior apartments, continuing care retirement communities, independent...
View ArticleEffective Cause Marketing: Ways to Ensure Your Good Deeds Go Unpunished
Collaborations between charitable organizations and for-profit businesses to simultaneously promote a cause and raise funds for the charity have been demonstrably successful and are occurring with...
View ArticleMassachusetts Named Most Energy Efficient State for Seventh Consecutive Year...
For the seventh consecutive year, the American Council for an Energy-Efficient Economy (ACEEE) named Massachusetts the most energy-efficient state in the United States. The council’s 11th annual...
View ArticleProposed Legislation Would Broaden Availability of Charitable Deductions
On October 5, Rep. Mark Walker (R-NC) introduced the Universal Charitable Giving Act of 2017 (H.R. 3988), which would allow individuals who do not itemize their deductions to receive income tax...
View Article[Video] Nonprofits and Millennials
This podcast will address how your nonprofit organization can engage millennials as donors and volunteers by Ivy Schneider. Ms. Schneider is president of Helix Strategies LLC, which operates under the...
View ArticleHow to Make a Main Motion [Infographic]
We’ve talked before about how to make a motion and what happens to a motion after a member makes it. For all you visual learners, here’s an infographic that illustrates these parliamentary procedure...
View ArticleWildfires Rage: Insurance Advice for Recovery After the Smoke Clears
Some guiding principles, taken from decades of experience representing insurance policyholders in California and around the globe - The Wine Country fires, and the uncertainty of their cause, may...
View ArticleBoston Municipal Research Bureau 'Update' Has Me Thinking Thoughts of PILOTS
I always thought that hospitals and universities owned most of the tax-exempt land in the City of Boston. Boy was I mistaken. The total area of Boston consists of 47.84 square miles. Of that total, 49...
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