The Dust Settles: Key Provisions of the Tax Bill for Nonprofit Organizations
On December 20, 2017, Congress passed the Tax Cuts & Jobs Act (TCJA), which now awaits President Trump’s signature. Among many changes that the TCJA will bring to current federal tax law, several...
View ArticleProvisions of the Final Tax Reform Bill Affecting Nonprofit Tax-Exempt...
On December 20, 2017, the Senate and House of Representatives passed H.R. 1, known as the “Tax Cuts and Jobs Act” (“Tax Reform Bill”). President Trump is expected to sign the Tax Reform Bill by early...
View ArticleEO Update: e-News for Charities & Nonprofits
Employers face a January 31, 2018, due date for filing 2017 Forms W-2 and W-3 with the Social Security Administration. This date applies to both electronic and paper filers....By: Bryan Cave
View ArticleTax Bill Causes Alarm for Some Charities and Tax-Exempt Organizations
The Tax Cuts and Jobs Act, which has been renamed the Amendment of 1986 Code, was signed into law by President Trump on December 22, 2017. Many are calling it the most sweeping overhaul to the United...
View ArticleWhen and Where are the Best Places to Donate?
You should consider donating on or before 12/31/17 as the tax law appears to be going to make a major change for 2018. Although it appears that the charitable deduction will remain a lot less people...
View ArticleImpact on Commuter Benefits Programs
The tax reform bill (H.R. 1) approved by the House and Senate this week, and expected to be signed by the President, eliminates the deduction available to employers for the provision of qualified...
View ArticleEO Highlights from New Tax Bill
As we posted, the U.S. House of Representatives and the U.S. Senate passed and sent to the President for signature legislation that makes significant changes to the U.S. tax code. The changes are the...
View ArticleTax Reform: Key Provisions for Tax-Exempt Organizations
After much uncertainty surrounding competing bills, the House of Representatives voted to pass comprehensive tax reform legislation (the “Act”) on December 20, 2017, shortly after the Senate passed the...
View ArticleTax Reform and Nonprofits: The Law Formerly Known as the Tax Cuts and Jobs Act
On December 22, 2017, US President Donald Trump signed H.R. 1, enacting fundamental changes to the US tax law that affect all sectors of the economy, including nonprofits. Earlier this week, the US...
View ArticleTax Change for the Tax-Exempt: How Will Organizations – and Their Donors – Be...
The final Republican tax cut bill includes several provisions expected to impact tax-exempt organizations, their donors and their employees. First, the bill temporarily increases the charitable...
View ArticleNonprofit Guide To The “Tax Cuts And Jobs Act”
The 2017 “Tax Cuts and Jobs Act” impacts tax-exempt organizations in a variety of ways, including by reducing incentives for charitable giving, applying an excise tax on executive compensation in...
View ArticlePrivate Client & Trust Tax Reform Advisory
On December 22, 2017, the President signed into law H.R. 1, informally known as the “Tax Cuts and Jobs Act” (the “Act”), implementing sweeping changes to United States income tax regimes for...
View ArticleTax Cut and Jobs Act Changes Will Impact Tax Exempt Organizations
Charitable organizations no doubt have questions following the passage of the Tax Cut and Job Changes Act. Many are rightly concerned about the impact of the increased estate tax exemption amounts, the...
View ArticleNew Tax Law Brings Penalties for Top Paid Non-Profit Executives
The “intermediate sanctions” rules under Section 4958 of the Internal Revenue Code have long governed the payment of compensation to executives of public charities. While these rules are highly...
View ArticleTax Reform Advisory: Exempt Organizations
On December 22, 2017, the President signed into law H.R. 1, informally known as the “Tax Cuts and Jobs Act” (the “Act”), implementing sweeping changes to United States tax regimes for exempt...
View ArticleThe New Tax Reform Law: Highlights of Provisions Affecting Health Care and...
On December 22, 2017, President Trump signed into law tax reform legislation (the “Act”), which contains many substantial changes to the Internal Revenue Code (the “Code”). This Client Alert provides a...
View ArticleDOL Gives Credit to Unpaid Student Interns After Getting Schooled by the Courts
Over the last few years, several federal courts—and, most recently last month, another appellate court—rejected the Obama administration’s mandatory six-prong test for whether someone can properly be...
View ArticleTax Reform Could Cost Tax Exempt Entities
Under the recently enacted tax reform act (Tax Cuts and Jobs Act), tax-exempt organizations may be required to pay a 21 percent excise tax on certain compensation and certain separation pay. The new...
View ArticleOIG Scrutiny of Patient Assistance Programs
Last week, one of the largest charity patient assistance programs in the country, Caring Voice Coalition, announced that it would not be offering financial assistance for any of its disease funds in...
View ArticleFEMA Updates Policy on Disaster Aid for Churches
In a September 2017 post we commented on three churches (The Harvest Family Church, Hi-Way Tabernacle and Rockport First Assembly of God) which challenged the Federal Emergency Management Agency...
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