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 | 17 Dec 2018
As donors and their advisors rush to close year-end charitable gifts, it is easy to overlook the very precise requirements for income tax…
McGuireWoods LLP | USA | 14 Aug 2018
Donor advised funds (DAFs) are among the most-discussed vehicles in the charity world today. Proponents see DAFs as useful alternatives to private…
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 | 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 | 19 Dec 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…
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 | 19 Aug 2013
On Aug. 9, 2013, the Internal Revenue Service published a notice in the Federal Register seeking comments on the recordkeeping burden placed on…
McGuireWoods LLP | USA | 26 Jun 2013
The nonprofit healthcare industry in the United States is in the midst of significant change. A variety of different operational arrangements are…