In the tax world, when someone refers to a “charitable” organization, it is likely they are using the term in its generally accepted legal sense to include not-for-profit corporations or charitable trusts that are organized...more
8/13/2025
/ 501(c)(3) ,
Charitable Organizations ,
Excise Tax ,
Executive Compensation ,
Exemptions ,
New Legislation ,
Nonprofits ,
Private Foundations ,
Public Charities ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Unrelated Business Income Tax
For many weeks, we’ve been hearing about the IRS’s plans to use the funding provided under the Inflation Reduction Act[i] to increase and expand its compliance and enforcement efforts with respect to the wealthy, high-income...more
10/27/2023
/ Affordable Care Act ,
Charitable Donations ,
Charitable Organizations ,
Excise Tax ,
Hospitals ,
Income Taxes ,
Inflation Reduction Act (IRA) ,
IRS ,
Medicaid ,
Reporting Requirements ,
Tax Deductions ,
Tax Exemptions
Lately I’ve been thinking about the many ways by which members of the public transfer funds to government and the many reasons for which such transfers are made. After all, we’re still in the “season of giving.”...more
12/29/2022
/ Black Market ,
Cannabis Products ,
Excise Tax ,
Jurisdiction ,
Licensing Fees ,
Lottery ,
Online Gaming ,
Property Tax ,
Quid Pro Quo ,
Recreational Use ,
Sales Tax ,
Sports Gambling ,
State and Local Government ,
Tax Revenues ,
Tobacco ,
Voluntary Payments
On October 6, 2022, the President announced three changes in the Federal government’s policy toward cannabis:
1.He pardoned all prior Federal offenses of simple possession of marijuana; 2.He urged governors to do the same...more
10/18/2022
/ California ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Department of Health and Human Services (HHS) ,
Distributors ,
Drug Possession ,
Excise Tax ,
Joe Biden ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Political Campaigns ,
Popular ,
Presidential Pardons ,
Tax Credits ,
Tax Revenues
The New Jersey Division of Taxation recently provided guidance on registration and licensing requirements, Social Equity Excise Fees, and the Sales & Use tax applicable to companies operating in the cannabis industry.
...more