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Tax classification of charitable organizations: a primer

  • McGuireWoods LLP
  • -
  • USA
  • -
  • December 2 2014

A charitable organization is exempt from federal income tax under section 501(a) of the Internal Revenue Code (the Code) if it is described in

A nonprofit buyer’s guide to cyber insurance

  • McGuireWoods LLP
  • -
  • USA
  • -
  • December 13 2013

It seems that not a day goes by without a report of a business facing a computer hack or data breach. What may not always make the headlines

IRS shows continued interest in rebuttable presumption of reasonableness and seeks comments on recordkeeping burden

  • McGuireWoods LLP
  • -
  • USA
  • -
  • August 19 2013

On Aug. 9, 2013, the Internal Revenue Service published a notice in the Federal Register seeking comments on the recordkeeping burden placed on

IRS posts list of organizations that lost tax-exempt status and announces procedures for reinstatement of exemption

  • McGuireWoods LLP
  • -
  • USA
  • -
  • June 10 2011

On June 7, 2011, the IRS announced that approximately 275,000 organizations automatically lost their tax-exempt status under new rules enacted in 2006 because they failed to file the required annual federal returns for three consecutive years

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

The literary class action II - Three Cups of Tea

  • McGuireWoods LLP
  • -
  • USA
  • -
  • May 17 2011

Greg Mortenson turned a passion for mountain-climbing and an interest in helping the women of Central Asia into a multimillion dollar charitable foundation and a bestselling book

Nonprofit healthcare: what does the future hold?

  • McGuireWoods LLP
  • -
  • USA
  • -
  • August 4 2011

It didn’t come as any surprise to healthcare providers that when the Patient Protection and Affordable Care Act (PPACA) was passed last year, legislators managed to work in a few provisions about requirements for nonprofit healthcare providers

Cat lady beats IRS

  • McGuireWoods LLP
  • -
  • USA
  • -
  • June 14 2011

In a recent Tax Court case, Jan Elizabeth Van Dusen v. Commissioner,136 T.C. No. 25, the court allowed a volunteer’s “unreimbursed expenses” incurred while taking care of stray cats in the taxpayer’s home for a 501(c)(3) charity

Disaster relief - what you need to know

  • McGuireWoods LLP
  • -
  • USA
  • -
  • August 25 2011

In the aftermath of the recent earthquake that shook the east coast of the United States, the tornados of this summer and now the impending hurricane season, we are reminded that we are subject to the mercy of natural forces causing injury to individuals and property

CBO study examines options for charitable giving and tax consequences

  • McGuireWoods LLP
  • -
  • USA
  • -
  • May 27 2011

Congress and the Obama administration are looking closely at options to revise or replace the current charitable deduction