Tax General Business Nonprofits

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Proposed Tax Code Overhaul Introduced with the Tax Reform Act of 2014

On February 26, 2014, House Ways and Means Committee Chairman Dave Camp released draft (the "Discussion Draft”) that would substantially reform the current U.S. Tax Code (the “Code”). The Discussion Draft contains numerous...more

Association TRENDS 2014 Legal Review

In this issue: - Top 5 Legal Issues of the Past Year - And the horse you rode in on Antitrust and membership restrictions - Employment and benefits developments: Same-sex couples - DOJ rules on...more

Will Camp Tax Plan Impact Charitable Giving and Tax-exempt Organizations?

In late February 2014, House Ways and Means Committee Chairman Dave Camp (R-MI) released a nearly 1,000 page discussion draft addressing tax reform. Chairman Camp’s proposal includes changes to numerous sections of the...more

Conducting Operations Overseas: What Every Nonprofit Should Know

In this presentation: Road Map: Top Ten Steps to Successful and Compliant International Operations - - Identify Goals in the Foreign Market: What’s next? - Phased Approach: Considerations in entering...more

California Enacts 409A Legislation Reducing State Tax Penalty

California Governor Jerry Brown signed into law AB1173 on Oct. 4, 2013, reducing the California 409A tax penalty from 20% to 5% for taxable years beginning January 1, 2013. The bill, a victory for California businesses and...more

Tax Court Deals Another Blow to Conservation Easements

On June 24, 2013, the U.S. Tax Court disallowed a couple’s deduction for the donation of a conservation easement on the façade of a building to the National Architectural Trust, a qualified charitable organization. The court...more

Spotlight on Georgia: Certain Interesting Tax Developments

As in past years, there have been numerous interesting tax-related developments over the last 12 months in the state of Georgia. Just a few of these recent developments are summarized below...more

Sales and Use Tax for Nonprofits: Updates & Expectations for 2013

In this presentation: - Internet Selling - Internet Buying - Nexus - Sales and Use Tax Audits - Conference Hosting Please see full presentation below for more information....more

Sales and Use Tax for Nonprofits: Updates & Expectations for 2013

In this presentation: - Internet Selling - Internet Buying - Nexus - Sales and Use Tax Audits - Conference Hosting Please see full presentation below for more information....more

CFPB Issues Affinity Credit Card Report to Congress: How Nonprofits Can Minimize Their Legal and Tax Risk

Affinity credit cards continue to be significant revenue generators for colleges and universities (and their affiliated organizations), associations and many other types of nonprofit organizations. The federal Consumer...more

Tax Relief for Hurricane Sandy Victims

Due to Hurricane Sandy’s impact, the Internal Revenue Service (IRS) has extended various tax filing and payment deadlines that occurred starting in late October. Affected individuals and businesses have until February 1,...more

Framework for Legal Stewardship

In this presentation: Organization & Governance: - Corporate Status - Governing Documents - Board of Directors’ Legal Duties Tax Exemption: - Sources of Tax Exempt Status - 501(c)(3)...more

Business News Digest - June 2012

In this issue: - Nonprofit Retirement Plan Fee Disclosure – Action Needed - What You Need to Know Regarding the New Maryland Income Tax Credit for Security Clearance Costs & Construction of SCIFs - ACOs,...more

Groundbreaking Legislation on Property Tax and Sales Tax Exemptions for Illinois Hospitals

Illinois Governor Patrick Quinn just signed into law a comprehensive and groundbreaking legislative package that significantly changes the criteria for establishing and maintaining property tax exemptions and sales tax...more

New Markets Tax Credit Eligibility Data Released

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

Small Games of Chance Still a Gamble!

On February 2, 2012 Governor Corbett signed into law Act 2 of 2012, which became effective March 3, 2012. Act 2 makes substantial changes to the Small Games of Chance Act, and those who are involved with charities that might...more

Considering Operations Overseas? - What Every Nonprofit Should Know Before Crossing US Borders

Preliminary Considerations for Trade Activities Abroad Organizational Options - Specific/ Isolated Event v. Ongoing Presence ..Use of Association Management Company ..Host a...more

Sponsorships, Advertising, Endorsements and Cause Marketing: Understanding Critical UBIT Issues for Nonprofits

What is Unrelated Business Income? - What is unrelated business income? - What is excluded from unrelated business income? - Explanation of specific UBI exceptions ---–Sponsorship income –---Licensing...more

Business News Digest - May 2011

Venable attorneys produce periodic alerts and newsletters covering a variety of topics and practice areas. For your convenience, we have assembled below a collection of the latest alerts and newsletters from April 2011. To...more

Navigating Nonprofit Partnerships, Joint Ventures & Commercial Co-Ventures: How Arts Organizations Can Avoid the Legal Pitfalls

Overview *Promotional and Fundraising Affiliations – Corporate Sponsorships – Licensing (Passive Royalty Income) – Commercial Co-Venture *Joint Activities – Joint Programs Via Contract – Subsidiary Entities •...more

Other Recent PA Tax Developments

Philadelphia Hotel Tax The Court of Common Pleas of Philadelphia County has upheld the Philadelphia Tax Review Board’s ruling that Expedia, an online vendor of discount hotel rooms, is not an “operator” of a hotel, and is...more

Sponsorships, Advertising, Endorsements, and Cause Marketing: Understanding Critical UBIT Issues for Nonprofits

In This Issue: UBIT Basics; Is the Income Taxable? Corporate Partnerships Maximizing Income; Corporate Sponsorship Income; Acknowledgment vs. Advertising; What is a Royalty? and, Cause Marketing. - UBIT...more

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