Articles: 1-10 of 39
Beneficial Changes to Tax-Advantaged ABLE Accounts for Individuals with Disabilities
USA - October 20 2025 Recently signed tax legislation includes several beneficial changes to Achieving a Better Life Experience (ABLE) accounts, a potentially useful and…
Eighth Circuit Affirms Mayo Clinic’s “Educational Organization” Status and UBTI Refund
USA - August 12 2025 On July 25, 2025, the U.S. Court of Appeals for the Eighth Circuit affirmed the District Court decision holding that the Mayo Clinic is entitled to…
Supreme Court Unanimously Sides with Catholic Charities in Wisconsin Unemployment Tax Exemption Case
USA - June 18 2025 On June 5, 2025, the United States Supreme Court (the “Court”) unanimously ruled in Catholic Charities Bureau, Inc. v. Wisconsin Labor and Industry…
Tax-Advantaged ABLE Accounts for Individuals with Disabilities
USA - January 31 2025 According to a National Disability Institute report (available here), adults living with disabilities need 28% more income on average to achieve the…
New Legislation Modernizes New York Not-For-Profit Corporation Law
USA - January 23 2023 On November 21, 2022, Governor Kathy Hochul signed into law new legislation, which amends certain provisions of the New York Not-For-Profit…
U.S. District Court Finds Mayo Clinic Qualifies as an “Educational Organization”; Awards $11.5M UBTI Refund
USA - January 3 2023 Tax-exempt organizations, while not generally subject to tax, are subject to tax on their “unrelated business taxable income” (“UBTI”). One category…
IRS Releases Guidance on requirements for limited liability companies to qualify as tax-exempt entities
USA - December 6 2021 On October 21, 2021, the Internal Revenue Service (the “IRS”) released Notice 2021-56 (the “Notice”), which sets forth the additional requirements a…
Final Regulations on Executive Compensation Excise Tax (Section 4960) Carries Forward Most Concepts from Proposal
USA - February 2 2021 On January 19, 2021 the Department of the Treasury ("Treasury") and the Internal Revenue Service ("IRS") published in the Federal Register Final…
10 Keys to excise tax on executive compensation paid by tax-exempt organizations
USA - July 28 2020 Proposed Regulations under Section 4960 of the Internal Revenue Code provide important guidance for tax-exempt organizations and their affiliates…
IRS Issues Final Regulations on Nonprofit Donor Disclosure Requirements
USA - June 9 2020 On May 26, the Internal Revenue Service (“IRS”) and the U.S. Department of the Treasury issued final regulations (the “Final Regulations”) relaxing…
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