We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 58

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


The problems with inflating class settlements - Klier v. Elf Atochem Inc.
  • McGuireWoods LLP
  • USA
  • October 4 2011

While it remains popular among settling lawyers and courts, the doctrine of cy pres in class actions (where defendants wind up paying charities with an ostensible link to the gravamen of a lawsuit) has been garnering criticism for some time


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


Executive compensation continues to be a hot button compliance issue for charitable organizations
  • McGuireWoods LLP
  • USA
  • December 19 2014

Over the last decade, the IRS has assumed a broader role in the governance of tax-exempt organizations and embraced the view that transparency leads


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


Donor advised funds: a popular way to give to charity
  • McGuireWoods LLP
  • USA
  • January 30 2015

In recent years, donor advised funds have become a popular alternative to private foundations and supporting organizations for many donors. Donor


Congressional proposals for nonprofit tax breaks and extenders
  • McGuireWoods LLP
  • USA
  • March 3 2015

In February, the House of Representatives passed several tax bills and the Senate Finance Committee approved several tax bills that, if ultimately


IRS releases priority guidance plan for 2013-2014
  • McGuireWoods LLP
  • USA
  • August 16 2013

On August 9, 2013, the IRS released its Priority Guidance Plan for 2013-2014. The plan identifies and prioritizes the tax issues that the IRS


Cy pres & the Optimal class action
  • McGuireWoods LLP
  • USA
  • July 25 2013

Cy pres relief remains controversial among courts , but it's like catnip to legal academics. Now, Notre Dame professor Jay Tidmarsh has published his


The Non-Profit Revitalization Act of 2013 overhauls New York nonprofit corporation law
  • McGuireWoods LLP
  • USA
  • October 3 2013

Both houses of New York's legislature this spring unanimously passed The Non-Profit Revitalization Act of 2013, (NY S.5845A.8072) (the "Act"), a