McGuireWoods LLP | USA | 15 May 2023
Despite uncertain conditions, a recent survey shows that approximately three out of four donors maintained their level of charitable giving in 2022…
McGuireWoods LLP | USA | 10 Nov 2022
As the end of 2022 approaches, many individuals, families and businesses consider making donations to their favorite charities. In light of recent…
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 | 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 | 4 May 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).
McGuireWoods LLP | USA | 4 Aug 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.
McGuireWoods LLP | USA | 10 Jun 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.