Business Organization, Nonprofit Law, Finance & Banking

Internet Fundraising for Tax-Exempt Organizations

by Jamie Bowles | Proskauer - Not for Profit/Exempt... on 5/9/2013

The IRS recently released an Information Letter, written in response to a congressman’s inquiry about an unidentified charity’s unidentified practices, confirming that Section 501(c)(3) organizations may use the internet to...more

How to turn your LLC or S Corp. into a C Corp. with a Tax-Free Reorganization

by The R. Bernard Law Group on 4/16/2013

By now most entrepreneurs who have sought or will seek venture funding have learned that venture capitalists typically prefer to invest in C Corporations and will not invest in pass through entities such as a limited...more

Why the Classic Legal Terminology of the Anglo-American Trust is in French, Not English: The “Law French” Phenomenon

by Charles E. Rounds, Jr. on 4/1/2013

The institution of the trust, a creature of the English Court of Equity, evolved deep in the bosom of the Anglo-American legal tradition. France, a civil jurisdiction, lacks a legal institution that is truly comparable. Her...more

What is Enterprise Florida?

by Messer & Caparello, P.A. on 3/29/2013

With the establishment of the 1982 Enterprise Zone Program, Florida became one of the first states in the country to enact an economic revitalization program offering investment assistance, tax advantages and regulatory...more

IRS Denials of Tax-Exempt Status to Mortgage Foreclosure Assistance Providers Offer Lessons for Housing Counseling Agencies

by George Constantine, Matthew Journy, Jonathan L. Pompan, Jeffrey S. Tenenbaum | Venable LLP on 3/12/2013

The Internal Revenue Service (IRS) is preparing an industry-wide review of tax-exempt organizations that are engaged in mortgage foreclosure assistance, including housing counseling agencies (the “compliance project”). In...more

IRS Issues Final and Temporary Regulations on Supporting Organizations

by Proskauer - Not for Profit/Exempt... on 1/10/2013

Many practitioners have been anxious to leaf through regulations to confidently determine whether an organization is a “functionally integrated” or “non-functionally integrated” Type III supporting organization, and the...more

IRS Issues Regulations on Type III Supporting Organizations

by Ropes & Gray LLP on 1/7/2013

Effective December 28, 2012, the IRS published final regulations on the qualification requirements for “Type III” supporting organizations (SOs), and issued temporary regulations that establish a payout requirement for...more

The American Taxpayer Relief Act of 2012: Stealth Impact on Charities

by Elizabeth Mills | Proskauer - Not for Profit/Exempt... on 1/5/2013

The American Taxpayer Relief Act of 2012 (“TRA”) (H.R. 8) passed by the Senate on January 1, 2013, passed by the House of Representatives early on January 2, 2013 and signed by President Obama, in large part addresses income...more

A.G. Schneiderman Announces New Electioneering Disclosure Requirements for Nonprofits

by Patterson Belknap Webb & Tyler LLP on 12/19/2012

On December 12, 2012, New York Attorney General Eric Schneiderman announced new proposed disclosure rules for New York-registered nonprofits designed to bring more transparency to electioneering activities by tax-exempt,...more

SBA Economic Injury Disaster Loans Now Available In Michigan

by Aaron M. Phelps | Varnum LLP on 12/18/2012

The U.S. Small Business Administration (SBA) is offering federal economic injury disaster loans in eight Michigan counties that had excessive rain last August....more

Preparing for the 3.8% Medicare Surtax on Net Investment Income

by Neal A. Hudders, Mel Wheaton | Perkins Coie on 11/14/2012

The Patient Protection and Affordable Care Act of 2010 (Affordable Care Act) institutes a new 3.8 percent Medicare surtax on net investment income effective January 1, 2013. In addition, absent congressional action to extend...more

The Next Generation of Nonprofit Executive Compensation: The Keys to Withstanding IRS Scrutiny

by Venable LLP on 10/11/2012

In this presentation: - Explain the consequences of excessive executive compensation - Explain how organizations can protect themselves - Rebuttable Presumption of Reasonableness - Non-Fixed Compensation -...more

IRS Issues Proposed Regulations To Make International Grant-Making By Private Foundations Easier

by Sheppard Mullin Richter & Hampton LLP on 10/2/2012

On September 24, 2012, the IRS issued Proposed Regulations §§ 53.4942(a)-3 and 53.4945-5 in order to reduce barriers to international grant-making made by private foundations. Secretary of State Hilary Clinton announced the...more

IRS Issues New Regulations to Facilitate Foreign Grantmaking

by Morgan Lewis on 9/27/2012

New rules expand the class of tax practitioners qualified to issue good-faith determinations regarding foreign-grantee equivalency; IRS seeks comments on further amendments to current regulations....more

It Is Okay To Make A Charitable Contribution To An LLC Wholly Owned By A §501(C)(3) Organization, If You Were Worried About That

by Charles (Chuck) Rubin on 8/6/2012

In 1997, the IRS issued final regulations providing that a domestic LLC wholly owned by single owner could be disregarded as a entity separate from its owner and its operations treated as a branch of its owner. Consistent...more

New York State Agencies Issue Proposed Regulations Regarding the Administration Expenses and Executive Compensation of...

by Proskauer Rose LLP on 6/27/2012

Pursuant to Executive Order 38 issued by Governor Cuomo, thirteen New York State agencies released very similar proposed regulations on May 16, 2012, placing a limit on the funds that can be used for administrative expenses...more

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Business Organization › Nonprofit Law › Finance & Banking

Internet Fundraising for Tax-Exempt Organizations

How to turn your LLC or S Corp. into a C Corp. with a Tax-Free Reorganization

Why the Classic Legal Terminology of the Anglo-American Trust is in French, Not English: The “Law French” Phenomenon

What is Enterprise Florida?

IRS Denials of Tax-Exempt Status to Mortgage Foreclosure Assistance Providers Offer Lessons for Housing Counseling Agencies

IRS Issues Final and Temporary Regulations on Supporting Organizations

IRS Issues Regulations on Type III Supporting Organizations

The American Taxpayer Relief Act of 2012: Stealth Impact on Charities

A.G. Schneiderman Announces New Electioneering Disclosure Requirements for Nonprofits

SBA Economic Injury Disaster Loans Now Available In Michigan

Preparing for the 3.8% Medicare Surtax on Net Investment Income

The Next Generation of Nonprofit Executive Compensation: The Keys to Withstanding IRS Scrutiny

IRS Issues Proposed Regulations To Make International Grant-Making By Private Foundations Easier

IRS Issues New Regulations to Facilitate Foreign Grantmaking

It Is Okay To Make A Charitable Contribution To An LLC Wholly Owned By A §501(C)(3) Organization, If You Were Worried About That

New York State Agencies Issue Proposed Regulations Regarding the Administration Expenses and Executive Compensation of...

Is a Company Foundation Necessary?

Proposed Regulations Offer New Examples of Program-Related Investments

Proposed Regulations provide helpful new examples of “program-related investments”

Legal and Regulatory Myths Debunked for Credit Counseling Agencies

Tax Topics - November 2011

Nonprofit Strategic Partnerships: Building Successful Ones and Avoiding the Legal Traps

Playing by the Rules: A Fresh Look at Corporate Sponsorship & Affinity Program Income

Tax-Exempt Lending For Community Banks

403(b) Plans: (b) as in Boy, They Can Be a Mess

Expand Your Reach