It goes without saying that we are living in uncertain times and are experiencing events that are reshaping our lives in ways that many of us believed only to exist in science fiction books and movies. Nevertheless, while we...more
The IRS and Treasury Department recently released new guidance for calculating the tax on unrelated business income (“UBI”) activities of tax-exempt organizations with more than one UBI activity. With the passage of the 2017...more
The Tax Cuts and Jobs Act, which has been renamed the Amendment of 1986 Code, was signed into law by President Trump on December 22, 2017. Many are calling it the most sweeping overhaul to the United States tax system in...more
12/22/2017
/ 501(c)(3) ,
Charitable Donations ,
Charitable Organizations ,
Compensation & Benefits ,
Corporate Taxes ,
Excise Tax ,
Executive Compensation ,
Income Taxes ,
Legislative Agendas ,
New Legislation ,
Public Projects ,
Remuneration ,
State and Local Government ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration ,
UBTI
On September 16, 2015, the Internal Revenue Service (IRS) issued proposed regulations to provide an alternative method for substantiating charitable contribution deductions. In connection with these regulations, the IRS will...more
On June 26, 2015, the Internal Revenue Service (IRS) released Notice 2015-46, which clarifies the requirement in the Treasury Regulations under Section 501(r)(4) that a hospital's financial assistance policy (FAP) must...more
On May 18, 2015, the Federal Trade Commission (FTC) and 58 agencies from all 50 states and the District of Columbia filed a complaint charging four cancer charities and the individuals controlling them with allegedly...more
6/23/2015
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Cancer ,
Charitable Donations ,
Charitable Organizations ,
Disclosure Requirements ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
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IRS ,
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Secretary of State
In This Issue:
- What You Should Do
- Background
- Final Regulations
- Hospital Facilities and Organizations
- Failures to Satisfy the Requirements of Section 501(r)
- Community...more
On August 26, 2014, the IRS and the Department of the Treasury issued the 2014-2015 Priority Guidance Plan. The Priority Guidance Plan includes 18 exempt organization law projects and four projects relating to charitable...more
On July 11, 2014, the IRS released a Technical Advice Memorandum ("TAM") finding that a tax-exempt hospital's income from the performance of laboratory services for non-patients was not subject to the unrelated business...more
On July 1, 2014, the Internal Revenue Service ("IRS") released the much anticipated Form 1023-EZ, a shorter application that provides a quicker, more streamlined process for smaller organizations applying for recognition of...more
In This Issue:
- What You Need to Know
- Background
..Notice 2014-2
..Notice 2014-3
- Correction of a Failure
..Proper Disclosure of Failure
..What You Should Do Now
- Excerpt from...more
In This Issue:
- What You Need to Know
- Methods to Reinstate Tax-Exempt Status Smaller Organizations Applying Within 15 Months of Revocation Date
- Organizations Not Eligible for the Streamlined Process Applying...more
In This Issue:
- Proposed Regulations
- Comments Solicited
- What You Should Do Now
- For More Information
- Excerpt from Proposed Regulations:
The proposed regulations are designed to reduce...more
The Department of the Treasury and the IRS, on August 9, issued their 2013-2014 Priority Guidance Plan. This plan entails 324 tax law projects that are priorities for the allocation of the government's tax law administrative...more
In This Issue:
- What You Need to Know:
..Background
..Key Provisions of the Proposed Regulations
..Identifying the Hospital Facility
..Defining the Community Served
..Assessing Community...more
On April 25, 2013, the IRS released its College and University Compliance Project Final Report, which updates the interim report issued in 2010. ...more
On March 21, Lois Lerner, the Director of the Exempt Organizations Division of the Internal Revenue Service, announced an IRS investigation of organizations that self-declare rather than apply to the IRS for recognition of...more
On December 21, 2012, the Department of Treasury and Internal Revenue Service issued final and temporary regulations regarding the requirements to qualify as a Type III supporting organization, which is one that is operated...more
At a recent conference of the American Health Lawyers Association, IRS official Garrett Gluth confirmed that his agency will review the community benefit activities of 3,377 tax-exempt hospitals to determine whether they meet...more
11/13/2012