News & Analysis as of

Exempt Organizations

Farella Braun + Martel LLP

Ask a Certified Fraud Examiner Q&A - Part 4

Welcome to EO Radio Show—Your Nonprofit Legal Resource. I'm Cynthia Rowland, and this is the fourth in a series of episodes in which we discuss fraud at nonprofit organizations with the expert insight of Sly Atayee, a...more

Conyers

केमैन आइलैंड में हेज फंड स्थापित करने में आपकी मदद के लिए एक गाइड

Conyers on

देश से बाहर हेज फंड स्थापित करने के मामले में केमैन आइलैंड का नाम दुनिया में पहले नंबर पर आता है। इसका टैक्स-न्यूट्रल प्लेटफॉर्म, स्थिर अर्थव्यवस्था, व्यवहार-कुशल बैंकिंग क्षेत्र, गोपनीयता और पेशेवर वित्तीय सेवा उद्योग ये तो...more

ArentFox Schiff

Staying on Course: Navigating Election Year Issues for Exempt Organizations

ArentFox Schiff on

With the 2024 election cycle underway, it is important for exempt organizations to understand and comply with relevant restrictions on political campaign activities to safeguard their tax-exempt status and avoid triggering...more

Farella Braun + Martel LLP

Nonprofit Quick Tip: State Filings in Florida and Louisiana

Welcome to EO Radio Show - Your Nonprofit Legal Resource. This is the ninth in a series of “Quick Tip” episodes focusing on the details of state registration of nonprofit corporations. In previous episodes, Farella's Cynthia...more

Verrill

FinCEN's CTA Reporting Regime Has Gone into Effect and Will Affect Almost All Startup Companies

Verrill on

This is an update to the August 18, 2023 article published on the Maine Venture Fund's website. The article on this site was orginally published on November 27, 2023 and has been updated since the CTA Reporting Regime went...more

Farella Braun + Martel LLP

Refresh: Setting up a New Charity for Disaster Relief

Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and this is episode 60 of EO Radio Show. This week's episode is a refresh of episode 10, first recorded on July 3, 2022. Episode 10 provided a...more

Rivkin Radler LLP

Activities Contrary to Public Policy – Revoking the Tax Exempt Status of Universities

Rivkin Radler LLP on

It appears that many of the country’s colleges and universities believe they have not already contributed enough to the decline of American education and to the erosion of our society, generally. These institutions of...more

Barnea Jaffa Lande & Co.

NPOs Receive Exemptions from Real Estate Betterment Levies

The Israeli Supreme Court handed down a precedent-setting ruling recently in the Evangelical Episcopal Church case. According to the ruling, Israeli NPOs may receive an exemption from paying real estate betterment levies to...more

Farella Braun + Martel LLP

Nonprofit Quick Tip: State Filings in Massachusetts and Connecticut

Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and episode 55 is the sixth in a series of Quick Tip episodes focusing on the details of state registration of nonprofit corporations. In...more

Bricker Graydon LLP

Exempt Organizations: Deadline for Calendar Year 2022 Form 990

Bricker Graydon LLP on

The 2022 Form 990 due date is fast approaching for tax-exempt organizations that are calendar year filers. Exempt organizations with a filing obligation must submit the appropriate version of Form 990 or an extension request...more

McDermott Will & Emery

Weekly IRS Roundup April 3 – April 7, 2023

McDermott Will & Emery on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 3, 2023 – April 7, 2023. ...more

Goodwin

Exempt Reporting Advisers Faced Significantly More SEC Enforcements in 2022

Goodwin on

The Securities and Exchange Commission (SEC) brought an unusually high number of enforcement actions against exempt reporting advisers in 2022 — that appears to be more than the prior three years combined and a record number...more

McDermott Will & Emery

Weekly IRS Roundup May 23 – May 27, 2022

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 23, 2022 – May 27, 2022... May 25, 2022: The IRS issued a press release revising frequently...more

Farella Braun + Martel LLP

[Webinar] Preparing Your Organization for California’s New Employment Laws in 2022 - February 17th, 3:30 pm - 4:30 pm PT

Each year in California, the new year brings new employment laws for businesses to follow. This is a good time for exempt organization employers to evaluate their policies and practices to ensure they keep pace with these...more

BCLP

TE/GE Fiscal Year 2021 Accomplishments Letter

BCLP on

Tax Exempt and Government Entities is pleased to release our Fiscal Year 2021 Accomplishments Letter. Highlights of our accomplishments during the last fiscal year include...more

BCLP

EO Update: e-News for Charities & Nonprofits - October 2021 #2

BCLP on

International Charity Fraud Awareness Week October 18-22, 2021 - Please join the IRS and other international organizations and regulators by participating in the annual International Charity Fraud Awareness Week (ICFAW),...more

Husch Blackwell LLP

U.S. Tax Court Finds "Disqualified Person" Definition For Nonprofit Excess Benefit Rules Is Expansive

Husch Blackwell LLP on

On May 17, 2021, the U.S. Tax Court issued a Memorandum Opinion in Vincent J. Fumo v. Commissioner, T.C. Memo. 2021-61, regarding the definition of a “disqualified person” under I.R.C. section 4958(a)(1). Managers of...more

Farella Braun + Martel LLP

[Webinar] Management Anti-Harassment Training for Exempt Organization Professionals - May 20th, 10:00 am - 12:00 pm PT

California employment law requires employers in every industry, including exempt organizations to create a workplace safe from harassment, discrimination, bullying, and sexual predation. The responsibility for this mandatory...more

McGuireWoods LLP

Update on UBTI SILO Rule and IRS Form 990-T Electronic Filing

McGuireWoods LLP on

For nonprofit organizations that report on a calendar-year basis, the May 17, 2021, deadline to file Form 990 and Form 990-T electronically is quickly approaching. Nonprofits should take time to review the recently released...more

McDermott Will & Emery

Weekly IRS Roundup February 8 – February 12, 2021

McDermott Will & Emery on

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 8, 2021 – February 12, 2021... On February 9, the Internal Revenue Service announced...more

Williams Mullen

Congress Imposes Sweeping Beneficial Ownership Disclosure Requirements in the Corporate Transparency Act

Williams Mullen on

With the stated goal of “counter[ing] money laundering, the financing of terrorism, and other illicit activity,” the Corporate Transparency Act (the “Act”), adopted on January 1, 2021, imposes novel beneficial ownership...more

Williams Mullen

Exempt Organization Application Revisions and Required Electronic Submission

Williams Mullen on

Earlier this year, the IRS revised Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, and its instructions, to help charities apply for 501(c)(3) tax-exempt status. In...more

Manatt, Phelps & Phillips, LLP

IRS Provides Relief for Tax-Exempt Hospitals Due to Ongoing COVID-19 Pandemic

On Tuesday, July 14, the Internal Revenue Service (IRS) released Notice 2020-56 (the Hospital Relief Notice), which provides an additional postponement of requirements with respect to the conduct of a community health needs...more

Snell & Wilmer

Final Treasury Regulations Reduce Donor Reporting Requirements for Some Tax-Exempt Organizations

Snell & Wilmer on

The Department of the Treasury has adopted Final Regulation, providing guidance on information to be reported on the annual return of tax-exempt organizations with respect to their “substantial contributors." For these...more

BCLP

IRS extends more tax deadlines; EO operations affected during COVID-19 and more

BCLP on

Last month, the IRS announced that certain taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. The IRS has extended this relief to additional returns, tax payments...more

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