Finance & Banking Law | JD Supra Legal News, Updates, Analysis, & Information

IRS to Focus on Housing Counseling Agencies

by Venable LLP on 5/16/2012

Earlier this year, the Internal Revenue Service’s (“IRS”) Exempt Organizations (“EO”) division unveiled its annual work plan. The plan highlights EO’s priorities for the year and is the best indicator of what the staff will...more

Marketing for a Good Cause? A Great Idea but Watch Out for Regulations

by Sheehan Phinney Bass + Green PA on 5/11/2012

A cause marketing venture (also known as a "charitable sales promotion" or "commercial co-venture") is generally defined as a sales campaign in which part of the consumer's purchase of a product or service from a business -...more

Proposed Regulations Offer New Examples of Program-Related Investments

by Morgan Lewis on 5/11/2012

New examples describe additional charitable purposes and investment structures for PRIs. The Internal Revenue Service (IRS) and the Treasury Department have issued long-awaited proposed Treasury Regulations providing...more

New Markets Tax Credit Eligibility Data Released

by Pierce Atwood LLP on 5/8/2012

The new markets tax credit program has helped to finance thousands of worthwhile projects in so-called “low-income communities” over the last eleven years. For the first time in a decade, which communities qualify as a...more

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

by Proskauer - Not for Profit/Exempt... on 5/3/2012

As repeatedly promised in its work plan, the IRS recently issued Proposed Regulations containing several new examples of investments that qualify as a “program-related investment” (a “PRI”) for purposes of avoiding potential...more

FCC Proposes to Liberalize Rules Against Noncommercial Stations Fundraising For Third-Party Non-Profit Groups

by Davis Wright Tremaine LLP on 4/27/2012

The FCC has adopted a Notice of Proposed Rulemaking suggesting, with significant limitations, a liberalization of its rules that prohibit noncommercial broadcasters from raising funds for an entity other than the station...more

United States Takes First Step in Liberalizing Sanctions on Burma

by Pillsbury Winthrop Shaw Pittman LLP on 4/25/2012

On April 17, 2012, the Department of the Treasury's Office of Foreign Assets Control (OFAC) released new General License 14-C, which authorizes financial transactions under specified circumstances in support of humanitarian,...more

Bribery Risks and Charitable Giving

by Michael Volkov on 4/19/2012

The FCPA paparazzi has a standard list of anti-corruption risks: government interactions, third-party due diligence, gifts and entertainment, and mergers and acquisitions/joint ventures. Notice that charitable giving is not...more

United States Eases Sanctions on Financing for Development Organizations in Burma

by Foley Hoag LLP - Corporate Social... on 4/18/2012

On April 17, the U.S. Treasury issued new General License No. 14-C, which relaxes sanctions on financial services with respect to certain humanitarian and not-for-profit activities in Burma. This License allows...more

Housing Counseling Agencies: Tips to Avoid Government Scrutiny

by Venable LLP on 4/18/2012

The recent announcements of government funding for housing counseling is welcome news to agencies that are struggling to help homeowners. In mid-March 2012, the U.S. Department of Housing and Urban Development ("HUD") and...more

Tax News and Developments - March 2012

by Bryan Cave on 4/3/2012

In This Issue: Current Events: Expanded U.S. Reporting Requirements for Taxpayers with Foreign Assets and New Voluntary Disclosure Program By Alan I. Appel and Gregory J. Galvin.... 1 Natural Resources: Recent...more

Charitable Giving Initiative Under Consideration by Massachusetts Legislature

by Foley Hoag LLP on 2/15/2012

A proposed law under consideration in Massachusetts may make it easier for Massachusetts residents to financially support their favorite charity. For charitable organizations that have seen declining levels of donations...more

Exploring Consumer Arbitration Provisions after CompuCredit v. Greenwood

by Venable LLP on 1/25/2012

In this presentation; - Introduction - How we got here… - Credit Repair Organizations Act - CompuCredit v. Greenwood and AT&T Mobility v. Concepcion - Looking to the Horizon – What’s next? -...more

Pitfalls for Nonprofits that Receive Federal Funds: Lessons Learned from ACORN

by Venable LLP on 12/12/2011

In this presentation; - The ACORN Case - The GAO’s Review of the Case - GAO’s Findings – Area #1 Volume of Federal Funding - GAO’s Findings – Area #2 Agency Monitoring - GAO’s Findings – Area #3...more

Treasury Releases Long-Overdue Report on Supporting Organizations and Donor Advised Funds

by Proskauer - Not for Profit/Exempt... on 12/9/2011

Along with making significant changes to the rules for supporting organizations (“SOs”) and donor advised funds (“DAFs”) in the Pension Protection Act of 2006 (the “PPA”), Congress directed that Treasury conduct a study on...more

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Finance & Banking – May 23, 2012

Narrowed by: Nonprofit Law