Summer time has been a fairly busy time in the area of tax-exempt organizations, with the IRS and federal lawmakers…
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Tax-Exempt Status and Compliance
Up In Smoke – No 501(c)(3) Status for Providing Assistance To Needy Medical Marijuana Patients
Last week, the IRS issued a final adverse determination in Private Letter Ruling 201917008 for an organization that has the…
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IRS Eases Up on Corporate Restructurings and Requiring New Exemption Applications
The IRS has eased its requirements around new 1023 and 1024 applications—which is good news for organizations that change certain…
READ MORE Happy Filing! Updates to Form 990 for 2018
It’s not spring yet, but it’s never too soon for tax-exempt organizations to start thinking about Form 990 filing. This…
READ MORE Shifting Lines: Redefining the 501(c)(3) and 501(c)(4) Sectors
We’ve blogged before about the increased use of 501(c)(4) social welfare organizations in the political area since Citizens United. However,…
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‘Tis The Season of Giving, and IRS Gives Guidance on Charitable Deduction Substantiation
The holiday season is upon us again, and it’s time for our annual reminder about the rules governing deductibility of…
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TEGE Outlines Priority Issues for FY 2019
The TEGE operating division of the IRS earlier this month released its Fiscal Year 2019 program letter, which outlines priorities…
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IRS: Proposed Regulations Coming on Private University Investment Income Tax
Earlier this year, we posted about some of the unanswered questions raised by the new investment income tax (Section 4968)…
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IRS Provides Some Clarity and Seeks Comments on UBTI “Silo” Rule
As we’ve blogged about previously, the Tax Cuts and Jobs Act brought about some major changes in the area of…
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New Executive Compensation Excise Tax May Surprise Organizations With Section 457(f) Plans
We’ve previously posted on the new excise tax on executive compensation enacted as part of the Tax Cuts and Jobs…
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