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Some not-for-profitexempt organizations may have FBAR filing obligations

Proskauer Rose LLP
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USA
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March 29 2010

U.S. taxpayers, including not-for-profitexempt organizations, with a financial interest in or signatory authority over a foreign financial account are generally required to file the Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1 (FBAR) with the Department of the Treasury each June 30 if the aggregate value of all of the U.S. person’s foreign financial accounts exceeds $10,000 at any time during the year

Uniform Prudent Management of Institutional Funds Act liberalizes endowment spending and clarifies investment standards for charitable institutions

Foley Hoag LLP
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USA
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July 16 2009

Massachusetts recently joined 39 other states and the District of Columbia by enacting a version of the Uniform Prudent Management of Institutional Funds Act (UPMIFA

Credit CARD Act of 2009 favors credit counseling agencies approved for bankruptcy counseling

Venable LLP
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USA
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June 19 2009

On May 22, 2009, President Obama signed into law the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the "Credit CARD Act of 2009" or the "Act"), Public Law No: 111-24

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Some not-for-profitexempt organizations may have FBAR filing obligations

Uniform Prudent Management of Institutional Funds Act liberalizes endowment spending and clarifies investment standards for charitable institutions

Credit CARD Act of 2009 favors credit counseling agencies approved for bankruptcy counseling

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