Tax-Exempt Hospitals & Other Tax-Exempt Healthcare Organizations Not Immune...
As federal tax reform efforts proceed rapidly in both chambers of Congress, tax-exempt hospitals and other tax-exempt healthcare organizations are facing major potential changes. New tax burdens on...
View ArticlePotential Impact of House Tax Reform Bill on Nonprofit Tax-Exempt Organizations
On November 2, 2017, Republicans in the U.S. House of Representatives unveiled their tax reform bill (the “Bill”), entitled the “Tax Cuts and Jobs Act.” The Bill proposes significant changes to the...
View ArticleUpdates for Tax-Exempt Organizations from the Senate Markup to the Tax Cuts...
Over the last several days, there have been significant developments relating to the Tax Cuts and Jobs Act, the pending tax reform legislation in Congress. On Thursday, a detailed summary of the Senate...
View ArticleSenate Tax Bill Maintains Private Activity Bonds While Terminating Advanced...
Introduced on November 9, 2017, the Senate Tax Bill would maintain private activity bonds (“PABs”). With this positive development, advocates will press Senate committee members to reverse their...
View ArticleEasy Fix: Ways to Make an Agenda Work for You
Robert’s Rules just wouldn’t have clout if it didn’t provide a standard order of business. So, it provides a six-part agenda that can get you started......By: Bradley Arant Boult Cummings LLP
View ArticleFTC Advisory Opinion Says Hospital’s Proposed Prescription Program for...
On November 7, 2017, the Federal Trade Commission (FTC) released an advisory opinion confirming that a non-profit hospital in New York may sell discounted prescription drugs to the employees of an...
View ArticleThree Lessons That Non-Profits Can Teach Service Professionals
No group has focused on building alignment and enlistment more than the non-profit, civic, and community sectors. I’ve had the good fortune to work with some of the best – hospitals, animal shelters,...
View ArticleTax Reform: The Shifting Landscape of Executive and Equity Compensation
The House and Senate propose wide-sweeping amendments to the tax rules regarding executive and equity compensation that would affect public and private for-profit companies as well as tax-exempt...
View ArticleMembers of the Berkshire Museum Appeal Ruling on Planned Sale of Critical...
Sullivan & Worcester LLP has filed an appeal on behalf of its clients, the members of the Berkshire Museum who sued to enjoin the museum’s sale of 40 works of art and sculpture. The appeal is...
View ArticleHouse of Representatives Passes the Tax Cuts and Jobs Act (H.R. 1); Senate...
Yesterday afternoon, the House of Representatives passed the Tax Cuts and Jobs Act (H.R. 1) (the “House bill”). The House bill is identical to the draft bill approved by the House Ways and Means...
View ArticleProposed Tax Reform Legislation Would Increase Financing Costs for Issuers of...
The U.S. House of Representatives has passed its Tax Cuts and Jobs Act (the “House Bill”), and while much of the national media has focused on its impact on corporate and individual tax rates and...
View ArticleIRS and #GivingTuesday
The Internal Revenue Service reminds taxpayers looking to maximize their tax savings before the end of the year to consider charitable giving. Many taxpayers may already be planning to do so for Giving...
View Article“Philanthro-sales”: How the Tax-Bill Exception Could Provide a New Venue for...
Outside-the-box-thinking could give private foundations a reason to be excited about an obscure provision in the tax bills passed by the House and currently pending in the Senate....By: Nilan Johnson...
View Article#GivingTuesday’s Tax Deduction Tips
On #GivingTuesday, if you are thinking about making a cash gift to one or more of your favorite causes and you intend to claim a charitable contribution deduction on your 2017 income tax return for the...
View ArticleReligious Institutions Update: November 2017 - Lex Est Sanctio Sancta
Timely Topics - Serious data breaches have become routine in the United States, yet a recent survey shows that the majority of religious institutions do not have a full-time IT professional, have no...
View ArticleMissing the trust issue: Litigators beware
In 2017, South Carolina’s Supreme Court decided The Protestant Episcopal Church in the Diocese of South Carolina [the “Disassociated Diocese”] v. The Protestant Episcopal Church of the United States of...
View ArticleHouse Passes Tax Bill; Senate Proposal on Track for Vote
On November 2, 2017, House Ways and Means Committee Chairman Kevin Brady (R-TX) introduced H.R. 1, the “Tax Cuts and Jobs Act” (the “Initial House Bill”). Our previous alert discussed the possible...
View ArticleNonprofits Can Avoid Overtime Requirements If They Avoid 'Enterprise' Status
Last year’s proposal to increase the minimum salary to qualify for exemption from federal overtime requirements hit nonprofit employers particularly hard. While the new salary levels never went into...
View ArticleHome On The Grange
As a child, I was always puzzled when I saw a Grange Hall. Was Grange a misspelling of “range”? If not, what was a “grange”? Only later did I learn that “grange” was derived from the Latin word,...
View ArticleFinal Senate Tax Bill: Outlook for Tax-Exempt Organizations
The Senate’s final tax reform bill contains several troubling provisions for tax-exempt organizations but represents an improvement over last month’s proposed legislation, which caused concern across...
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