News & Analysis as of

Internal Revenue Service 501(c)(3) Tax Returns

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
White & Case LLP

Tax-Exempt Organizations Should Prepare Now For An IRS Tax Audit

White & Case LLP on

It is an uncertain time to be a tax-exempt public charity or private foundation. The federal government has recently scrutinized certain tax-exempt organizations (see here), and draft congressional legislation proposed a tax...more

Wiley Rein LLP

The Laws About Lobbying for or Against Nominees for the New Administration

Wiley Rein LLP on

President-Elect Trump’s potential nominees for the Cabinet and other high-level offices in his second Administration have been at the top of the news for the past several weeks. You, your company, your trade association, your...more

Bricker Graydon LLP

Exempt Organizations: Deadline for Calendar Year 2022 Form 990

Bricker Graydon LLP on

The 2022 Form 990 due date is fast approaching for tax-exempt organizations that are calendar year filers. Exempt organizations with a filing obligation must submit the appropriate version of Form 990 or an extension request...more

Farella Braun + Martel LLP

Nonprofit Basics: Operating Foundation Rules

Welcome to EO Radio Show – Your Nonprofit Legal Resource. In this Nonprofit Basics episode, Cynthia Rowland explains the meaning of operating foundation status for a private foundation under the federal tax rules. She also...more

Freeman Law

Tax Court in Brief | Furrer v. Comm'r | Charitable Remainder Trusts; Non-Cash Charitable Contribution Substantiation; Taxability...

Freeman Law on

Tax Litigation: The Week of September 26th, 2022, through September 30th, 2022 Patitz, Moody v. Comm’r, T.C. Memo. 2022-99 | September 27, 2022 | Weiler, J. | Dkt. No. 2784-19 Powell and Iakovenko v. Comm’r, T.C. Summary...more

Bond Schoeneck & King PLLC

Hurricane Ian and Informed Giving After Natural Disasters

Many are seeking ways to aid Florida’s devastated communities in the aftermath of Hurricane Ian. In our prior article, “Informed Giving During Times of Crises,” we described how the tools of the tax lawyer can assist in...more

Freeman Law

Church Status: Can (and should) your religious nonprofit seek church status with the IRS?

Freeman Law on

Can and should your religious organization seek church status with the IRS? A look at a few pros, cons, and due diligence considerations....more

Dorsey & Whitney LLP

Charitable Contribution and Donor Relation Considerations for 501(c)(3) Organizations

Dorsey & Whitney LLP on

Donors that make contributions to charitable organizations recognized under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), may claim an individual income tax deduction under Section 170 (all...more

Bricker Graydon LLP

Form 990 Deadline Reminder for Exempt Organizations

Bricker Graydon LLP on

The 2021 Form 990 due date is fast approaching for tax-exempt organizations who are calendar year filers. This year, May 15 falls on a Sunday, giving exempt organizations until May 16 to either get the proper version of Form...more

Miller Nash LLP

An Athlete's Guide to Philanthropy, Nonprofit Organizations, and Community Impact: Process and Pitfalls of Forming Nonprofit...

Miller Nash LLP on

As discussed in prior articles, there are several options for tax-incentivized giving, ranging from the informal and low-involvement to complex and highly involved structures. Many choose to adopt a more formal approach to...more

BCLP

EO Update: e-News for Charities & Nonprofits - July 2021

BCLP on

Electronic Filing Mandate for Form 990-EZ - The Taxpayer First Act, enacted July 1, 2019, requires tax-exempt organizations to electronically file information returns and related forms. The requirement to file...more

Freeman Law

The Tax Court in Brief - May 2021

Freeman Law on

Freeman Law’s “The Tax Court in Brief” covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose. The Week of May 3 – May 7, 2021 - Chancellor v. Comm’r, T.C. Memo....more

Goodwin

Introduction To “Friends Of” Organizations

Goodwin on

Under § 170(c) of the Internal Revenue Code of 1986 as amended (the “Code”), a U.S. taxpayer may only claim a deduction on his or her federal income tax return for contributions made to 501(c)(3) charitable organizations...more

Farella Braun + Martel LLP

Tax-Exempt Does Not Mean Exempt From Filing Tax Returns

May 15 was the filing deadline for nonprofits operating on a calendar year that are required to file Form 990-series information returns. Many nonprofits mistakenly believe that they are not required to file returns with the...more

Goodwin

Private Foundations: A Brief Overview of Rules and Practical Steps for Grant-Making

Goodwin on

Private Foundation Rules to Remember - Private foundations must follow a variety of rules to avoid the imposition of potentially onerous penalty taxes on the foundation and its related parties...more

15 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide