Winston & Strawn's Kessler Sees Change and Opportunity in College Athletics
Fixing Law Schools: Are More Types of Degrees the Answer?
ATL Law School Rankings: All About The Jobs
The Integrated and Coordinated Approach to Title IX Compliance
Why Milbank Sends 4th-Years Back To School
Next Accreditation System – Interview with Andy Roth, Member, Mintz Levin
Dean: Law Schools Use Merit Scholarships To Boost Rankings
How Bryan Cave Grooms Rainmakers
Consultant: Legal Ethics Rulemaking Outpaced By Technology
Dean: Law Firms 'Support' NYLS's 2 Year Degree Program
Law Prof: Law Schools Still 'Inaccurate' On Employment Numbers
What is an Intellectual Property Attorney?
Protecting Separate Property in Arizona: Basic Principles
Jobs, Funding For Courts On Agenda For New ABA President
What is an Irrevocable Trust?
Does This New ABA Report Signal Change For Law Schools?
NYC Gifted Programs Should Rely on 'Math,' Lawyer Says
Social Networking: New Risks & Opportunities at Work
Law School Reformers Create "False Sense of Doom"
How Can I Make the Most Out of the First Meeting?
Code §501(c)(7) provides an exemption from federal income tax for clubs organized substantially for pleasure, recreation, and other nonprofitable purposes if no part its net earnings inures to the benefit of a private...more
In This Issue:
- Making Our Downtown Better Every Day
- It's Good To "B" In Deleware
- The Wonderful World of Limited Liability Companies
- Ohio Bill to Allow Schools and Camps to Procure Epinephrine...more
In an effort to attract startup companies and leverage the research capacity and workforces available in New York’s colleges and universities, New York State recently established tax-free zones for certain startup companies....more
The cost of college tuition has gone through the roof. The average cost of a private university can range from $40,000-60,000 per year. The cost of a public university is a lot less in most cases except that...more
Minnesota Management and Budget’s (MMB) July Economic Update reported that general fund revenues for FY 2013 have increased $463 million since the February Forecast. This revenue increase must be reconciled by MMB with any...more
The IRS announced it is nearing completion of a five year long compliance project involving tax-exempt colleges and universities. The project, which began with questionnaires to 400 randomly-selected institutions, focused on...more
In the last two weeks, both the IRS and Congressional officials announced major milestones in the increasing regulatory focus on colleges and universities.
First, the IRS emphasized misreported taxable income and...more
In November 2012, Proposition 39 was approved by the voters of California. Prior to Proposition 39, corporations were given two options to calculate their state tax liability under California law. Proposition 39 eliminated...more
The Second District Appellate Court recently upheld the Department of Revenue’s denial of a property tax exemption for the Village at Victory Lakes in Lindenhurst, Illinois, which is a continuing care retirement community...more
A recent Pennsylvania Supreme Court decision has rekindled the issue of what constitutes a "purely public charity" for real estate tax exemption purposes in Pennsylvania. The decision may lead to a renewed interest of school...more
Since 2010, when the Illinois Supreme Court upheld the revocation of a property tax exemption for a hospital on the grounds that an insufficient amount of charitable medical care was being provided, we have been monitoring...more
In a January 2011 article we addressed the changes to the gift and estate tax provisions contained in the Tax Relief Act. In this article, we cover some of the new law’s personal income tax planning opportunities....more
In a January 2011 article we addressed the changes to the gift and estate tax provisions contained in the 2010 Tax Relief Act.
Everything may change at the end of 2012 so it is more important than ever to take a look at...more
In This Newsletter:
Pennsylvania Sales and Use Tax Ruling
No. SUT-06-014 (July 20, 2011)....
Pennsylvania Corporation Tax Bulletin
No. 2011-2 (July 20, 2011).....
Lebanon Valley Farmers Bank v....more
Many entrenepreneurs have spent decades building their business right alongside raising their family. But for as much calculating thought as they have put into running a profitable company, they probably have devoted mush...more
The Fourth District Appellate Court recently found that the Department of Revenue correctly denied a property tax exemption where a charitable organization sold a property to a limited liability company formed by a concerned...more
Post-issuance compliance is a process that provides a school district with a record retention and reporting system that enables the school district to identify actions that could potentially impact the school district’s...more
The Summit Christian School in Palm Beach County is facing a foreclosure on its property by a credit union to who the school owes $9.3 million. Circuit Judge Meenu Sasser will hear the request by the credit union to foreclose...more
Arizona grants income tax credits for contributions made to school tuition organizations ("STOs"). STOs must use these donations for scholarships that allow students to attend private schools. This statutory scheme broadens...more
An IRS audit that detailed irregularities in the operations of the Cesar Chavez Network could result in a criminal probe. The audit, which was released last month, highlighted the exorbitant salaries of the leaders of Cesar...more
One problem many colleges and universities pose to the IRS is the possible tax code infringements they commit. The IRS has recently made public a report based on the feedback they received on a survey on 400 colleges and...more
The IRS has launched investigations into 30 colleges and universities delving into the business activities of these tax-exempt academic institutions. The investigations focus primarily on unrelated business income and...more
This article includes 10 practices that, if followed, will help the boards of tax-exempt organizations such as hospitals, colleges, large foundations, and other charities that require highly compensated executive talent, to...more
Must charities register as "doing business" or fundraisers in every state with a registration requirement because their websites are available to users in every state? In an attempt to offer some clarity to the murky legal...more
On August 15, 2008, the Internal Revenue Service (“Service”) publicly released a redacted final adverse determination letter (PLR 200833022 (May 21, 2008)) denying Section 501(c)(3) status to a nonprofit organization (“M”)...more
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