McGuireWoods LLP | USA | 4 Apr 2016
The Pension Protection Act of 2006 made significant changes to the rules applicable to supporting organizations, and in particular Type III…
McGuireWoods LLP | USA | 18 Dec 2015
Private foundations, community foundations, and other public charities and nonprofit organizations are seeking different, and sometimes innovative…
McGuireWoods LLP | USA | 1 May 2015
While the IRS made only minor changes to Form 990, Form 990-EZ, and Form 990-PF for the 2014 tax year, the IRS made significant revisions to Schedule…
McGuireWoods LLP | USA | 3 Mar 2015
In February, the House of Representatives passed several tax bills and the Senate Finance Committee approved several tax bills that, if ultimately…
McGuireWoods LLP | USA | 30 Jan 2015
In recent years, donor advised funds have become a popular alternative to private foundations and supporting organizations for many donors. Donor…
McGuireWoods LLP | USA | 2 Dec 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…
McGuireWoods LLP | USA | 22 Apr 2014
The IRS has revised Forms 990 and 990-EZ for the 2013 tax year, as well as the instructions for the 2013 Forms 990, 990-EZ, and 990-PF. The due date…
McGuireWoods LLP | USA | 3 Mar 2014
On Feb. 26, 2014, Rep. Dave Camp (R-MI), the chairman of the U.S. House of Representative's Ways & Means Committee, released a discussion draft of a…
McGuireWoods LLP | USA | 3 May 2013
The 2012 Form 990 and Form 990-EZ for tax year 2012 contain certain changes. The due date for filing the required return for an exempt organization…