Blog: California Higher Education Bill AB70 Signed into Law by Governor...
Following up on our blog post of September 1, Governor Newsom has signed AB70 into law. This bill impacts how nonprofit and public institutions will be recognized under the California Private...
View ArticleElection Season and the Workplace, Part 1: Employee “Free Speech” and...
With Election Day just around the corner, we’ll be highlighting some of the issues facing employers in a two-part series on elections and the workplace. In this first installment, we’ll look at...
View ArticleInvestigations Newsletter: DOJ Announces Charges Against 345 Defendants in...
DOJ Announces Charges Against 345 Defendants in Historic Nationwide Health Care Fraud and Opioid Takedown - The DOJ announced a nationwide enforcement action charging 345 defendants across 51 federal...
View Article[Webinar] The CCPA and Nonprofits: Privacy and IP Hot Topics - October 22nd,...
The California Consumer Privacy Act (“CCPA”) went into effect on January 1, 2020, and while the CCPA does not expressly require compliance by nonprofits, nonprofits should be aware of some obligations...
View ArticleMain Street Lending Program Update: Webinar for Borrowers with Q&A to be...
October 15, 2020 By: Jeffrey B. Scheer and Anna W. Richards As we previously advised, the Main Street Lending Program is fully operational and is accepting submissions of eligible loans to nonprofit...
View Article[Virtual Event] Nonprofit Sector Compliance Conference - November 5th, 9:20...
The charitable organization sector faces many compliance challenges, including: - unique tax exemption issues - fundraising registration and related issues - privacy and data security - complex...
View ArticleCompliance Checkpoint: Section 501(c)(3) Election Year Activities
With only weeks left before the 2020 election and U.S. Supreme Court confirmation hearings underway, nonprofit organizations may be considering whether and how they can engage. While some nonprofit...
View ArticleIRS fights fraud aimed at charities, joins international awareness week
The Internal Revenue Service is combating fraud by once again joining organizations around the world to highlight the third annual International Charity Fraud Awareness Week, Oct. 19-23. International...
View ArticleIRS Ruling Takes Aim at Impact Investing
What many in the nonprofit community would have expected to be a direct road for tax exemption for a new 501(c)(3) nonprofit organization has suffered a significant set-back. On October 9th, the...
View ArticleIRS Attacks Impact Investing With Flawed Logic: A Critical Review of the IRS...
On October 9th, the Internal Revenue Service released Private Letter Ruling 202041009 (the “Ruling”), which, in what many in the nonprofit community would have expected to be a relatively...
View ArticleThe Ontario Not-for-Profit Corporations Act – A 10th anniversary...
In 1971, the British blues rock group Ten Years After released their only hit single: “I’d Love to Change the World,” in which they sang “I’d Love to Change the World / but I don’t know what to do / so...
View ArticleIsla del Encanto – Introducing Boricua Split Dollar
This article focuses on a combination of techniques, the use of a Puerto Rican tax-exempt company and the loan method of split dollar life insurance. What’s different in this approach is the fact that...
View ArticleConnecticut CARES Small Business Grant Program Created to Help Small...
Governor Ned Lamont recently announced the creation of the $50 million Connecticut CARES Small Business Grant Program (the “CT Cares Grant Program”) to assist eligible small businesses and non-profits...
View ArticleIRS Recognizes the Issuance of Erroneous Tax-Exempt Status Revocations Due to...
Recently, the Internal Revenue Service has acknowledged that a computer program issue caused the erroneous revocation of tax-exemption for thousands of nonprofits across the country. This statement...
View ArticleFederal Reserve’s Main Street Lending Program Throws Lifeline to Nonprofits...
Nonprofit organizations are on the front lines in the battle against the coronavirus (COVID-19), but they also number among the many victims of COVID-19’s devastating financial impact. In response, the...
View ArticleThe CCPA Wheels Keep Turning: The Addition of CPRA
By ballot initiative, California residents recently approved Proposition 24, or the California Privacy Rights Act (CPRA), with approximately 56 percent voting in favor. CPRA significantly amends the...
View ArticleBorrowers of PPP Loans of $2M or More Must Justify Necessity
For-profit and non-profit borrowers of PPP loans of $2MM or more are now required to submit additional forms. On October 26, 2020, the SBA published a notice seeking Office of Management and Budget...
View ArticleHow to Comply with ERISA’s Prohibited Transactions Requirements For Group...
The Employee Retirement Income Security Act of 1974 (“ERISA”), the principal federal law which regulates the benefit plans marketed to employers in this country, imposes specific requirements on most...
View ArticleIRS Dirty Dozen Includes Tax Scam Targeting Charitable Giving
In most years, the IRS’s annual “Dirty Dozen” list of trending tax scams is not required reading for nonprofits. However, as with everything else, this year has proven to be an exception to the rule1:...
View ArticleThe Role of the Community Association Attorney
People often view Community Associations as simple collections of rule-obsessed homeowners that do little more than debate the color of the flowers under the monument signs leading into the community....
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