E-Filing Now Mandatory for All Exempt Organizations
• The Taxpayer First Act, which was signed into law by President Donald Trump on July 1, 2019, changed the requirements for tax-exempt organizations to require electronic filing of all returns in the...
View ArticleNew Tax Law Requires Exempt Organizations to E-File Annual Forms 990
On July 1, 2019, President Trump signed into law the Taxpayer First Act of 2019 which, among other things, expands the types of tax-exempt organizations that must file their annual returns...
View Article[Video] Great Women in Compliance-Lauren Camilli on Compliance and Global...
Have you ever thought about what it would be like to work in a compliance program where you are also trying help those in most need all over the world? Where your first concern in an investigation is...
View ArticleMaximizing Access to Justice Through Pro Bono Priorities
Earlier this month, a Law360 article explored a fundamental—yet often overlooked—question: whether the long-held standard practice of tallying pro bono hours remains “the best way to measure pro bono...
View ArticleSpecial Care for Special Dollars: Endowments and Restricted Funds
When donors place restrictions on the ability of 501(c)(3) organizations to use funds, directors must exercise care to meet their duties and responsibilities under state law....By: McGuireWoods LLP
View ArticleSo You Think You Want to Operate a Charity in California?
Subject to a limited set of exceptions, operating a charity in California that solicits and receives charitable contributions from California residents comes with a litany of somewhat onerous legal...
View ArticleMy Day as a Judge
As a member of the professional services team, the non-legal side of the Firm, I have few reasons to ever enter a courthouse. Unlike my colleagues in our Litigation Department, my role at the Firm does...
View ArticleAn Alternative Structure for Certain P3 Projects – The 63-20 Financing
With all of the talk about the need for infrastructure legislation, public-private partnerships (or “P3s”) are receiving increased national attention. What exactly constitutes a P3 is an ever-evolving...
View Article[Video] Daily Compliance News: July 26, 2019, the who are you friends edition
In today’s edition of Daily Compliance News: • CFTC adds a FCPA investigation of Glencore? (Reuters) • Women in the Board room. (WSJ) • Auto industry signs up with California for more regulation. (NYT)...
View ArticleNonprofit Universities and Schools - Skip the Newspaper Publication of Your...
At long last, tax-exempt schools, colleges, and universities can stop paying newspapers to annually publish their nondiscrimination policies, and instead satisfy the IRS publicity requirement by...
View ArticleIRS Issues Final Rules for Notice of Intent to Operate as 501(c)(4) Social...
The IRS on July 23 issued final regulations (“Final Rules”) implementing the Internal Revenue Code section 506 requirement that an entity notify the IRS of its intent to operate as a Code section...
View ArticleIndiana Tax Case Study: Avoiding Procedural Pitfalls, Churches Attain...
Indiana law provides several avenues to achieve property tax exemptions for property used to advance religious purposes. In June 2019, The Indiana Board of Tax Review approved application of property...
View ArticleProskauer “Eats Cheap” for Charity
Earlier this month, Proskauer participated in “Eat Cheap for Charity,” an annual campaign by Citymeals on Wheels (Citymeals) that encourages lawyers throughout New York to spend less on lunch and...
View ArticleMinimize the Legal Risks of Association Meeting Minutes
Associations need to pay close attention to the format and content of the minutes of all Association meetings. This guidance applies to minutes of regular meetings, special meetings and closed...
View ArticleTwenty Years of Waterkeeper Alliance: How the Waterkeeper Movement Shaped and...
In the late 1980s, when I was an associate at the environmental boutique law firm of Berle, Kass, and Case in New York City, Robert F. Kennedy, Jr. and John Cronin came to visit the firm to discuss a...
View Article9 Important Questions To Ask Before Joining A Nonprofit Board
You are ready to join a nonprofit board so you can help support the good work that it does. Do you know the risks associated with serving in this important role? ...By: Partridge Snow & Hahn LLP
View ArticleThe Taxpayer First Act Changes IRS Powers in Ways Important to Your Civil and...
On July 1, 2019, President Trump signed the Taxpayer First Act (“Act”), which includes a host of important expanded taxpayer protections ranging from adjustments to criminal tax seizures, to John Doe...
View ArticleFederal Court Sets Aside Form 990 Schedule B Donor Disclosure Rule: How Will...
On July 30, 2019, a federal district judge set aside the Internal Revenue Service’s Revenue Procedure 2018-38, a rule that had allowed 501(c)(4) social welfare organizations and other nonprofits to...
View ArticleTax-Exempt Mayo Clinic Awarded $11.5M UBIT Refund, Invalidating Treasury...
In a recent taxpayer win, the United States District Court for the District of Minnesota granted summary judgment in an $11.5 million refund claim brought by the Mayo Clinic (“Mayo”) on the basis that...
View ArticleFASB Proposes to Delay Effective Dates for Private and Certain Public Companies
The Financial Accounting Standards Board issued a proposed Accounting Standards Update, or ASU, that would grant private companies, not-for-profit organizations, and SEC registrants classified as...
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