IRS Eliminates Donor Disclosure for 501(c)(4)s and 501(c)(6)s
On July 16, 2018, the U.S. Treasury Department released Revenue Procedure 2018-38, which no longer requires certain tax-exempt organizations formed under Section 501(c) of the Internal Revenue Code to...
View ArticleIRS eliminates donor disclosure obligations for many nonprofit entities
Earlier this week, the Treasury Department and the Internal Revenue Service (IRS) released a new revenue procedure (Rev. Proc. 2018-13) that puts an end to the requirement that certain nonprofit...
View ArticleAs IRS Eases Reporting Burden, States Including Montana & Maine Focus On...
At the same time that the IRS is making it easier for nonprofits to shield their donors from inadvertent disclosure, states continue to adopt new laws designed to shed light on who is funding...
View ArticlePublic Service and Summer Associates: A Q&A with Caroline Menes, Legal...
Wendy Dessy, Manager of Corporate Social Responsibility: What role does public service play in Proskauer’s summer program? Caroline: Proskauer has a longstanding tradition of public service, and I’m...
View ArticleGeneral Data Protection Regulation and Charitable Organizations FAQs
In the context of enforcement of the European General Data Protection Regulation (“GDPR) on May 25, 2018, charitable organizations have showed an increased concern as to whether the GDPR applies to...
View ArticleRecent Settlement Highlights Charity’s Duties in Commercial Co-Ventures
Recently, an Agreed Final Judgment was entered in Tennessee state court following an action by the Tennessee Attorney General (in conjunction with the AGs of 16 other states) against a TN charity...
View ArticleFinal Charitable Contribution Reporting Regulations Issued
The Code imposes various reporting and substantiation requirements in order for a donor to claim a charitable contribution. More than once I have seen the IRS adopt a strict approach with taxpayers and...
View ArticleWhat Do Your Executives Have In Common With Seven-Figure Income College Coaches?
Tax-exempt organizations may be surprised to learn of the practical impact of a statute enacted as part of the Tax Cuts and Jobs Act in December 2017. Section 4960 of the Internal Revenue Code...
View ArticleHunger in New York City and How We Can Help
On a daily basis we are inundated with news and information from all over the world. My morning paper, evening news, and daily smartphone alerts are primarily focused on the United States’ political...
View ArticleThe End Of "Dark Money" In Federal Races?
Late last week, U.S. District Court judge Beryl Howell struck down a Federal Election Commission (FEC) regulation that allowed certain non-profit organizations to engage in independent expenditure...
View ArticleUpdates to Charitable Contribution Procedures
To simplify compliance for grantors and contributors to tax-exempt organizations, the IRS recently issued an updated revenue procedure (Rev. Proc. 2018-32) that combines previously scattered guidance...
View ArticleProviding Discounted Drugs to Employees, Retirees, and Dependents
The Non-Profit Institutions Act provides an exemption from the Robinson-Patman Antidiscrimination Act by permitting the sale of discounted drugs to “schools, colleges, universities, public libraries,...
View ArticleThe More (Members) the Merrier? Or, So Long, Sole Members
The New York Assembly and Senate recently passed legislation – A.B. 10336-A (Paulin) / S.B. 8699 (Gallivan) (the “Bill”) – that would raise the minimum number of members of a not-for-profit membership...
View ArticleCourt Opens Door to Expanded Disclosure for Nonprofits Making Independent...
The United States District Court for the District of Columbia published an opinion, on August 3, 2018, in Citizens for Responsibility and Ethics in Washington (CREW) v. Federal Election Commission...
View ArticleSummary of Newly Released ADOR Analysis of Federal Tax Reform's Impact on...
On July 31, the Alabama Department of Revenue (ADOR) released its long-awaited “Analysis of Federal Tax Law Revisions on the State of Alabama,” a comprehensive review of the changes brought about by...
View ArticleReligious Institutions Do Not Get Immunity from State Anti-Discrimination Laws
On “Survivor”, one of my favorite broadcast TV shows (or, as my YouTube/Netflix watching teens might say — “what’s that?”) the notion of “immunity” plays a central role in the outcome of an episode....
View ArticleUnderstanding And Planning For The Excise Tax On Executive Compensation Paid...
In the past decade or so, the competition for executive talent in the tax-exempt sector of the United States economy has increased. Executives seldom begin and end their careers with the same...
View ArticleSpotlight on Non-Profits: IRS Eliminates Donor Reporting Requirements for...
The IRS recently released Revenue Procedure 2018-38 (the "Revenue Procedure"), which exempts certain tax-exempt organizations from the requirement of reporting the names and addresses (the "Donor...
View ArticleChanges to Donor Disclosure Requirements
Under newly released rules, certain tax-exempt organizations are no longer required to disclose personally identifiable donor information on their annual Form 990 filings. This change does not affect...
View ArticleDonor Advised Funds: Useful New Tools for Charities and Donors
Donor advised funds (DAFs) are among the most-discussed vehicles in the charity world today. Proponents see DAFs as useful alternatives to private foundations and supporting organizations when donors...
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