Since the enactment of the unrelated business income tax in 1950, section 512(b)(6)[1] and its predecessor allowed organizations subject to the unrelated business income tax (UBIT) to use the net operating loss (NOL)...more
Good news to close out the year: The “Further Consolidated Appropriations Act, 2020” (H.R. 1865 - the “2020 Act”) retroactively repeals the much maligned tax on qualified transportation fringe benefits (the so-called “church...more
Two recent Treasury Notices provide interim guidance to nonprofits trying to calculate (or seeking to avoid) the tax they may have to pay for the provision of certain parking and public transit benefits to their employees,...more
A three-judge panel of the Ninth Circuit Court of Appeals recently upheld the position of the California Attorney General (AG) that charities located or doing business in California must provide a copy of their unredacted...more
In the past decade or so, the competition for executive talent in the tax-exempt sector of the United States economy has increased. Executives seldom begin and end their careers with the same organization and there is...more
8/13/2018
/ 501(c)(3) ,
Compensation & Benefits ,
Corporate Taxes ,
Educational Institutions ,
Excise Tax ,
Executive Compensation ,
Healthcare Facilities ,
Income Taxes ,
Remuneration ,
Tax Exempt Entities ,
Tax Liability ,
Tax Planning
The “Bipartisan Budget Act of 2018” added the “Newman’s Own” exception to the private foundation excess business holdings rule, allowing business owners to make a charitable contribution of 100% of a business to their private...more
The 2017 “Tax Cuts and Jobs Act” impacts tax-exempt organizations in a variety of ways, including by reducing incentives for charitable giving, applying an excise tax on executive compensation in excess of $1 million per...more
12/26/2017
/ Charitable Donations ,
Charitable Organizations ,
Compensation & Benefits ,
Corporate Taxes ,
Excise Tax ,
Executive Compensation ,
Fringe Benefits ,
Generation-Skipping Transfer ,
Income Taxes ,
Net Operating Losses ,
New Legislation ,
Popular ,
Remuneration ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Rates ,
Tax Reform ,
Trump Administration ,
UBTI
Final Regulations Highlight the Broad Range of Available PRI Purposes, Recipients and Financial Structures -
Final program related investment (PRI) regulations released and effective on April 25, 2016 illustrate the...more
Donor information is expected to remain confidential.
With an apparent thumbs up from the U.S. Supreme Court, the Ninth Circuit Court of Appeals once again upheld the position of the California Attorney General (AG)...more
Unwelcome news for charities concerned with donor confidentiality -
A recent court ruling upheld the position of the California Attorney General (AG) requiring that charities located or operating in California provide a...more
6/2/2015
/ Annual Reports ,
Attorney General ,
Charitable Organizations ,
Confidential Information ,
Disclosure Requirements ,
Donor Lists ,
Foreign Corporations ,
Form 990 ,
IRS ,
Out-of-State Companies ,
Registration Requirement ,
Tax Exempt Entities