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New York Imposes New Filing Requirements on Nonprofits

USA - May 14 2021 Effective January 1, 2021, New York requires 501(c)(3) and 501(c)(4) organizations to file certain additional disclosures with the New York Department…

Bryson B. Morgan, Meghan R. Biss, Olivia N. Marshall, Sharon P. Want.

IRS Proposes Regulations on UBTI Siloing; Comments Due Soon

USA - April 28 2020 On April 24, 2020, the IRS issued proposed regulations on how tax-exempt organizations are required to calculate their unrelated business taxable…

Amanda Reed, Douglas N. Varley, Meghan R. Biss, Sharon P. Want, William M. Klimon.

UPDATE: CARES Act Assistance for Nonprofit Employers: Retention Credits and Tax Deferral

USA - April 13 2020 On March 27, the Coronavirus Aid, Relief, and Economic Security ("CARES") Act was signed into law. A previous Alert discussed CARES Act programs tied…

Amanda Reed, Douglas N. Varley, Meghan R. Biss, Sharon P. Want, William M. Klimon.

IRS Extends the Deadline for Exempt Organizations to File Federal Tax Returns

USA - April 10 2020 On April 9, 2020 the Department of Treasury and the Internal Revenue Service issued Notice 2020-23 - Update to Notice 2020-18, Additional Relief for…

Amanda Reed, Douglas N. Varley, Meghan R. Biss, Sharon P. Want, William M. Klimon.

CARES Act Assistance for Nonprofit Employers: Update on Loans to Larger Nonprofits

USA - April 10 2020 On March 27, the Coronavirus Aid, Relief, and Economic Security ("CARES") Act was signed into law. This Alert updates our previous Alert’s discussion…

Amanda Reed, Meghan R. Biss, William M. Klimon.