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Results: 1-10 of 76

IRS rules on domesticated organization and tax-exempt status
  • Proskauer Rose LLP
  • USA
  • February 6 2015

Late last year, the Internal Revenue Service ("IRS") issued a letter ruling, PLR 201446025, providing that, in certain instances, a nonprofit


Advisory Committee on Tax Exempt and Government Entities makes recommendations on reporting of unrelated business taxable income
  • Proskauer Rose LLP
  • USA
  • June 30 2014

The Advisory Committee on Tax Exempt and Government Entities ("ACT"), an IRS advisory panel, made several recommendations on issues relating to


IRS draft of 2013 Form 990 and Instructions
  • Proskauer Rose LLP
  • USA
  • December 19 2013

Earlier this year the IRS issued drafts of the 2013 Form 990, Return of Organization Exempt From Income Tax, and 2013 Form 990 Instructions


November interest rates for GRATs, sales to defective grantor trusts, intra-family loans and split interest charitable trusts
  • Proskauer Rose LLP
  • USA
  • November 1 2013

The November 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.0. This is down from October's 2.4


ACT report on IRS and small exempt organizations
  • Proskauer Rose LLP
  • USA
  • September 24 2013

The Advisory Committee on Tax Exempt and Government Entities (ACT) has released its annual report and recommendations to the IRS on selected issues


Senate Finance Committee staff compiles past proposals for exempt organization tax reform
  • Proskauer Rose LLP
  • USA
  • July 12 2013

As part of a series of papers outlining tax reform options for the Senate Finance Committee (SFC), the SFC staff recently published a paper on tax


Internet fundraising for tax-exempt organizations
  • Proskauer Rose LLP
  • USA
  • May 8 2013

The IRS recently released an Information Letter, written in response to a congressman's inquiry about an unidentified charity's unidentified


A full plate for the IRS: IRS releases 2012 exempt organizations 2012 annual report and 2013 workplan
  • Proskauer Rose LLP
  • USA
  • February 14 2013

At the end of January, 2013, the IRS Exempt Organizations Group ("EO") released its annual report, highlighting EO's 2012 accomplishments and


IRS imposes 27-month deadline for filing exemption applications for all types of exempt organizations seeking retroactive recognition of exemption and denies retroactive recognition of exemption if Forms 990 not filed
  • Proskauer Rose LLP
  • USA
  • January 10 2013

The IRS continues to implement the "three years and you're out" rule for Form 990 non-filers added by the Pension Protection Act of 2006 (the "PPA"). That


The American Taxpayer Relief Act of 2012: stealth impact on charities
  • Proskauer Rose LLP
  • USA
  • January 3 2013

The American Taxpayer Relief Act of 2012 ("TRA") (H.R. 8) passed by the Senate on January 1, 2013, passed by the House of Representatives early on January