On October 28, the US Court of Appeals for the Fifth Circuit held that a nonprofit corporation that coordinates health care for privately insured patients does not qualify for tax exemption under Section 501(c)(4) because it...more
11/7/2024
/ 501(c)(3) ,
501(c)(4) ,
Affordable Care Act ,
Appeals ,
Chevron Deference ,
Health Care Providers ,
Insurance Industry ,
IRS ,
Medicare Advantage ,
Nonprofits ,
Tax Court ,
U.S. Treasury
The US Department of the Treasury (Treasury Department) and Internal Revenue Service (IRS) recently published proposed regulations under Section 4966 to provide additional guidance on several issues related to creating and...more
1/5/2024
/ Charitable Donations ,
Charitable Organizations ,
Compensation ,
Donor-Advised Funds (DAFs) ,
Excise Tax ,
Fund Managers ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Regulation ,
Taxable Distributions ,
U.S. Treasury
The Internal Revenue Service (IRS) and the US Department of the Treasury released final regulations on October 16 that address the changes enacted by the Pension Protection Act of 2006 (PPA).
The regulations provide...more
The Inflation Reduction Act (IRA), which recently celebrated its one-year anniversary, presents new opportunities for tax-exempt and other organizations to directly benefit from renewable energy tax credits, including...more
9/1/2023
/ Income Taxes ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
New Guidance ,
Overpayment ,
Production Tax Credit ,
Public Utilities Commission ,
Renewable Energy ,
Tax Credits ,
Tax Exempt Entities ,
U.S. Treasury
The US Department of the Treasury and the Internal Revenue Service issued its most recent Priority Guidance Plan Joint Statement (the Plan) on November 4, 2022. The Plan details more than 200 priorities for the 12-month...more