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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 interim report on tax-exempt colleges and universities compliance project
  • Latham & Watkins LLP
  • USA
  • May 17 2010

The Internal Revenue Service (IRS) released an interim report on May 7, 2010 summarizing the responses to compliance questionnaires sent to nonprofit colleges and universities in October 2008

Larger booster groups now required to register with Ohio Attorney General
  • Bricker & Eckler LLP
  • USA
  • October 4 2012

The Ohio Attorney General, exercising the rule-making authority of his office, has significantly modified the administrative rule relating to the registration of school booster organizations as “charitable trusts.”

IRS issues initial guidance to curb political activity by 501(C)(4) organizations
  • Bricker & Eckler LLP
  • USA
  • December 5 2013

On November 26, 2013, the Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking regarding permissible political activities by

Post-issuance tax compliance for tax-exempt bonds
  • McCarter & English LLP
  • USA
  • September 30 2011

During the past few months the Internal Revenue Service ("IRS") has published several items that collectively demonstrate a heightened focus on the actual implementation of post-issuance compliance plans by both governmental issuers and charitable (501(c)(3)) borrowers of tax-exempt bonds

Common Cause challenges American Legislative Exchange Council's tax-exempt status using whistleblower provisions
  • McGuireWoods LLP
  • USA
  • May 4 2012

Using the whistleblower provisions of the Internal Revenue Code of 1986 (Code or IRC), Common Cause has reported to the IRS what it states is “massive underreporting of lobbying by the American Legislative Exchange Council” (ALEC

Mythbusting: the top 10 fallacies of 501(c)(3) lobbying
  • Venable LLP
  • USA
  • December 1 2010

Many 501(c)(3) organizations shy away from lobbying and other politically-related activities out of concern for their tax status

Increasing the chances of receiving new markets tax credit financing
  • Locke Lord LLP
  • USA
  • October 5 2009

Next month, the Community Development Financial Institutions Fund ("CDFI Fund"), a division of the Treasury Department, will award $5 billion of new markets tax credits ("NMTC Allocations") to community development entities ("CDEs"), the vast majority of which are financial institutions, non-profits and governmentally-related entities

IRS denies exemption to local fraternity foundation providing scholarships to chapter members
  • Dinsmore & Shohl LLP
  • USA
  • August 4 2010

The IRS ruled that a foundation formed to provide tuition and room and board scholarships to members of a local fraternity chapter is not entitled to exempt status as a Section 501(c)(3) educational organization

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