UPDATE 11/13/24 – The Stop Terror-Financing and Tax Penalties on American Hostages Act has failed to pass the House with…
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Staying ahead of what matters most to nonprofits
Resources
We strive to keep our clients and the nonprofit community informed of important legal matters impacting their organizations. Here you’ll find in-depth articles, news briefs on current events important to nonprofits, and case studies, as well as material from our many speaking engagements and professional articles published in Colorado and across the country.
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New Donor Advised Fund Regulations Bring Congressional Republicans and Democrats Together
Just when it looked like nothing could bring together Congressional Republicans and Democrats in any meaningful bipartisan effort, the IRS…
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Colorado Gives Day Is Here
Colorado Gives Day, an initiative to increase philanthropy in Colorado through online giving, is here again. Since 2010 Colorado Gives…
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Athletic Booster Clubs Must Not Maintain Separate Accounts for Athletes
The IRS has issued (yet) another adverse determination for an exempt Section 501(c)(3) youth athletic booster club for private inurement…
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Donations of Sick or Vacation Time to Aid Victims of the Maui Wildfires Get Favorable Tax Treatment
In the wake of the fires that devastated Maui, the IRS issued Notice 2023-181 to explain the application of the…
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Grant Program for Black Women Entrepreneurs Put On Hold By 11th Circuit Injunction
The 11th Circuit Court of Appeals issued an injunction to prevent a tax-exempt organization’s grant program from issuing grants to…
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Donations of Closely-Held Stock Prior to a Change In Control – The Key to a Double Tax Benefit Is Careful Planning
When structured carefully, a donor can obtain a double tax benefit from the donation of appreciated closely-held stock to a…
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Donors Denied Millions in Charitable Deductions for Failure to Meet Substantiation Requirements
Two recent cases have come down from the Tax Court denying taxpayers deductions for their charitable donations – again emphasizing…
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IRS Issues New Guidance on Substantiation Requirements for Charitable Contributions of Cryptocurrency
In keeping with the IRS’s previous rulings in the area of cryptocurrency, the IRS issued Office of Chief Counsel Memorandum…
READ MORE Colorado Gives Day Is Here!
Colorado Gives Day, an initiative to increase philanthropy in Colorado through online giving, is here again. Since 2007 the Community…
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