Justin F. Trent
McGuireWoods LLP
Articles
Tax classification of charitable organizations: a primer
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…
Private foundations: hoping for reform but mastering today’s net investment income tax
USA - October 17 2014 Despite being exempt from federal income tax under Internal Revenue Code Section 501(a) as organizations described in Internal Revenue Code Section…
IRS developments and announcements for tax-exempt organizations – summer 2014
USA - August 26 2014 The IRS released several reports and made announcements during the summer regarding various matters of interest to tax-exempt organizations…
IRS Advisory Committee releases recommendations on UBTI compliance
USA - August 21 2014 Instead of relying exclusively on donations and grants to fund their missions, more tax-exempt organizations are engaging in commercial activities to…
Payroll tax compliance may be a problem for many tax-exempt organizations
USA - August 19 2014 On August 13, 2014, the Treasury Inspector General for Tax Administration (TIGTA) released its report on payroll tax compliance among tax-exempt…
