News & Analysis as of

501(c)(3) Regulatory Requirements

Buchalter

What The H-1B Modernization Rule Means For Employers And Employees

Buchalter on

The U.S. Department of Homeland Security (USDHS) published a final rule regarding significant changes to the H-1 B program in the Federal Register on December 17, 2024. This article examines these changes and ends with...more

Holtzman Vogel Baran Torchinsky & Josefiak

FinCEN Beneficial Ownership Reports Due Before the End of the Year

Under new rules that went into effect in 2024, certain business entities are now required to file Beneficial Ownership Information (“BOI”) Reports with the Financial Crimes Enforcement Network (“FinCEN”) of the U.S....more

Sheppard Mullin Richter & Hampton LLP

IRS Audits & Ongoing Scrutiny of Nonprofit Hospitals – Key Background & Action Steps

The IRS is underway with conducting audits of 35 §501(c)(3) hospitals, which it announced in June 2024, with a particular focus on “community benefit.” Targeted hospitals appear to be those who reported low community benefit...more

Robinson & Cole LLP

Federal Court Rules Tax-Exempt Independent Schools Must Comply with Title IX

Robinson & Cole LLP on

A recent federal court Title IX decision could affect private and independent schools nationwide. In Buttner-Hartsoe v. Balt. Lutheran High Sch. Ass’n, No. RDB-20-3229 (D. Md. July 21, 2022), five women brought a Title IX...more

Latham & Watkins LLP

7 Steps for Success After Forming a Section 501(c)(3) Organization

Latham & Watkins LLP on

Section 501(c)(3) status comes with a number of operational and compliance requirements that must be followed in order to maintain federal income tax exemption. This guide highlights key Section 501(c)(3) requirements that...more

Lippes Mathias LLP

New York Nonprofits: Action Required for New Reporting Requirements

Lippes Mathias LLP on

Effective January 1, 2021, New York nonprofits are required to make annual filings with the Department of State.  These annual filings must be made in addition to the annual reports made to the Attorney General Charities...more

Latham & Watkins LLP

7 Important Considerations Before Forming a Section 501(c)(3) Organization

Latham & Watkins LLP on

Parties interested in forming a Section 501(c)(3) nonprofit entity face a number of compliance burdens - Although Section 501(c)(3) status can be the right fit for many organizations, it also comes with a number of...more

Farrell Fritz, P.C.

Proposed Expansion of “Accredited Investor” Definition Would Benefit Issuers and Investors

Farrell Fritz, P.C. on

The Securities and Exchange Commission is proposing to expand the definition of “accredited investor” to include additional entities that could bear the economic risks of investment and certain financially sophisticated...more

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