Earlier this week, Treasury posted an advance copy of the final regulations addressing how a tax-exempt organization subject to unrelated business income tax (UBIT) determines if it has more than one unrelated trade or business, and, if it does, how it calculates unrelated business taxable income (UBTI). The final regulations make minor modifications to the […]
Author: Gene Takagi
Nonprofit Tweets of the Week – 11/20/20
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “With Thanksgiving a week away and coronavirus cases exploding across the country, the Centers for Disease Control and Prevention on Thursday recommended against traveling for the holiday, urging Americans to […]
Highlights from 2020 Nonprofit Policy Conferences
A few major policy-oriented conferences followed the November elections. Here are some highlights from the sessions I had an opportunity to attend. Council on Foundations Public Policy Summit Unpacking the election. You can find some of speaker Charlie Cook’s talking points in these articles available on the Cook Political Report: Lots of Turnout, Little Ticket […]
Nonprofit Tweets of the Week – 11/13/20
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Joseph Robinette Biden Jr. was elected the nation’s 46th president Saturday in a repudiation of President Trump powered by legions of women and minority voters who rejected his handling of […]
2020 Western Conference on Tax Exempt Organizations (WCTEO)
The 24th Annual Western Conference on Tax-Exempt Organizations (WCTEO), my #1 go-to conference every year for the past 15 years, will be held virtually on Thursday, December 3, and Friday, December 4. The conference will be focused on the unique issues of these times and, in light of Zoom fatigue, will be shorter in length […]
Nonprofit Tweets of the Week – 11/6/20
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Joseph R. Biden Jr. stood on the threshold of the American presidency in the early hours of Friday, seizing a slim lead over President Trump in Georgia and drawing closer […]
Premature Revocation
The Internal Revenue Service (IRS) mistakenly revoked tax-exempt status from more than 30,000 organizations for failure to file three consecutive information returns. The error occurred because the IRS automated systems were not properly updated to account for the extension of information return filing dates due to the COVID-19 pandemic. In the IRS EO Update (October […]
Nonprofit Tweets of the Week – 10/30/20
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “The United States, after battling the coronavirus for eight months, recorded over 99,000 new cases on Friday, a global record. Two dozen states reported their worst weeks for new cases; […]
How to Find a Fiscal Sponsor
Social entrepreneurs have a number of options for housing a charitable project, and many recognize fiscal sponsorship as the best option. But how do you find and select a fiscal sponsor? What is a fiscal sponsor? While no legal definition exists, a comprehensive (Model A) fiscal sponsor is generally considered to be a tax-exempt organization […]
Nonprofit Tweets of the Week – 10/23/20
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “The parents of 545 children separated at the border still haven’t been found. The pandemic isn’t helping.” Washington Post “More than 75,000 new cases were reported in the United States […]