Charity loses tax exemption because of private inurement - is your charity immune? *

USA - April 7 2011
In PLR 20113041, the IRS revoked the tax exemption of a public charity based on excess benefit and private inurement issues.

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CFA Institute releases investment management code of conduct for charities *

USA - December 29 2010
The CFA Institute has released guidance on the management of the financial resources of philanthropic organizations.

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IRS announces how exempt organizations can claim new health care tax credit *

USA - September 7 2010
In our April 7, 2010 blog entry on the health care tax credit, we explained that the credit was designed to encourage small employers, including exempt organizations, to offer health insurance coverage for the first time or maintain the coverage they already have.

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IRS offers relief for small organizations that failed to file returns for three consecutive years *

USA - July 27 2010
Small not-for-profit organizations at risk of losing their tax exemption because of their failure to file the Form 990-N or Form 990-EZ for the 2007, 2008, and 2009 taxable years can preserve their status by filing these returns by October 15, 2010.

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NJ not-for-profit organization loses its property tax exemption because of for-profit activities *

USA - May 27 2010
In an interesting recent decision, International Schools Services Inc. v. West Windsor Township, N.J., the New Jersey Superior Court Appellate Division ruled that a not-for-profit organization whose purposes were to aid, promote and encourage educational organizations should lose its property tax exemption because its operation and use of the property was conducted for profit.

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