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Results: 1-10 of 35

Religious institutions: August 2014

  • Holland & Knight LLP
  • -
  • USA
  • -
  • August 6 2014

The IRS allegedly has a procedure in place for "signature authority" to initiate a church tax investigation or examination, subject to an independent

New guidance regarding the grantmaking activities of public charities electing under Code Section 501(h)

  • Faegre Baker Daniels
  • -
  • USA
  • -
  • February 4 2010

In late 2009, the IRS issued a private letter ruling (a "PLR") that offers guidance for grantmaking public charities that have made a lobbying election under Section 501(h) of the Internal Revenue Code of 1986, as amended (the "Code"

IRS proposed rule for 501(c)(4) organizations may ultimately affect 501(c)(6) trade associations

  • Arent Fox LLP
  • -
  • USA
  • -
  • December 6 2013

On November 26, 2013, the Treasury Department issued proposed regulations that would drastically change how 501(c)(4) organizations can engage in

IRS warning to tax-exempt issuers and borrowers: implement compliance procedures now

  • Hunton & Williams LLP
  • -
  • USA
  • -
  • November 14 2011

In its strongest warnings to date, the Internal Revenue Service (the “IRS”) has advised issuers and private beneficiaries of tax-exempt bonds that the failure to develop and implement a detailed post-issuance compliance program can have serious financial consequences whenever (1) such an entity seeks to avail itself of the IRS’s Voluntary Closing Agreement Program (“VCAP”) or (2) the IRS audits such an entity’s bonds

GuideStar provides report on grant-making and donations to charitable organizations

  • McGuireWoods LLP
  • -
  • USA
  • -
  • September 1 2011

GuideStar, a nonprofit organization that maintains a database of information about tax-exempt organizations, released a new publication on August 19, 2011, reviewing the rules for making grants to charities and deductible charitable contributions

Lobbying and campaign activities

  • Lathrop & Gage LLP
  • -
  • USA
  • -
  • September 18 2012

With it being a Presidential election year, it is important for charitable and other tax exempt organizations to understand the extent to which a tax exempt organization may participate in a candidate’s political campaign for public office or lobby on legislative issues

Lobbying: what does it mean for nonprofits?

  • Venable LLP
  • -
  • USA
  • -
  • September 15 2011

Nonprofit organizations that conduct federal lobbying must be cognizant of at least two different definitions of lobbying in order to comply with applicable federal tax law and federal lobbying disclosure laws

Lobbying for 501(c)(3) organizations - tracking political activities under the Tax Code and the Lobbying Disclosure Act

  • Venable LLP
  • -
  • USA
  • -
  • July 31 2009

501(c)(3) organizations that engage in federal lobbying are subject to at least two separate legal definitions of lobbying in order to comply with applicable federal tax and disclosure laws

IRS updates rules for donors and grantmakers

  • Mitchell Silberberg & Knupp LLP
  • -
  • USA
  • -
  • September 12 2011

The Internal Revenue Service has updated certain rules concerning transfers to nonprofit organizations that may be used and relied on by private foundations and sponsors of donor-advised funds (“DAFs”) that must exercise expenditure responsibility and by donors to make sure that their contributions are eligible for the charitable income tax deduction

A Texas-sized IRS controversy? Governor Perry vetoes disclosure legislation

  • Venable LLP
  • -
  • USA
  • -
  • May 29 2013

It seems the IRS controversy has spilled into the states. Late last week Governor Rick Perry vetoed legislation that would have required the