I. Enhancing Enforcement of the Tax Law A. New Compliance Tools National Research Program EO Research and Compliance Initiative (Colleges and Universities) Voluntary Compliance Program B. Donor Control and Non-cash Contributions Section 509(a)(3) Supporting Organizations Charitable Trusts Deconstruction Conservation Easements Successor Member Interests C. Form 990 Redesign D. Other...
IRS Exempt Organizations Division 2007 Accomplishments
I. Enhancing Enforcement of the Tax Law A. Implementation of the Pension Protection Act of 2006 Announcement 2006-93: procedures by which 509(a)(3) organizations may request a change in their public charity status to 509(a)(1) or 509(a)(2). Notice 2006-109: discusses new provisions affecting supporting organizations (SOs), donor-advised funds, and private...
California Form 3500A – Affirmation of IRC Section 501(c)(3)
California Assembly Bill 897, which becomes effective tomorrow, January 1, 2008, allows an organization with 501(c)(3) tax-exempt status to request California affirmation of tax exemption by sending the Franchise Tax Board a copy of its IRS determination letter. An organization may request California affirmation of federal exemption by filing...
IRS Releases 2008 Form 990 (Final Redesigned Version) – December 20
On December 20, 2007, the IRS released the 2008 Form 990, the annual information return for public charities and certain other tax-exempt organizations. The final version, like the discussion draft released for comment in June, contains a core form and multiple schedules. However, several changes were made in response...
Governance Update (Part Two) – WCTEO
Continuing the post of the Governance Update presented by Michael Peregrine and James Schwartz, here is a list of ten trends in governance (for the most part, in their words): Trend One: The vitality and feasibility of traditional forms of nonprofit corporate structures and affiliations are evolving. Trend Two: ...
Governance Update (Part One) – Notes from WCTEO Conference
The 11th Annual Western Conference on Tax-Exempt Organizations (WCTEO) was held in Los Angeles on November 15-16, 2007. Among the most interesting programs at the Conference was the "Governance Update" presented by Michael W. Peregrine of McDermott Will & Emery LLP and James R. Schwartz of Manatt, Phelps &...
Form 990-N (E-Postcard) – Interview with CCH
A few weeks ago, I was interviewed by a reporter for CCH, a leading legal publisher, about Form 990-N. PUBLICATION UPDDATE: The article in which I am quoted appears in Federal Tax Weekly (November 21, 2007). Here is a transcript: Q: What is your opinion on the IRS’s efforts...
Attorney For Nonprofits Offers Free Legal Seminars to Minority Leaders
Responding to a surprising lack of diversity in the leadership of nonprofit organizations, an attorney strives to make a difference SAN FRANCISCO, California – November 26, 2007 — Gene Takagi, an attorney for nonprofits, is providing free legal classes to minority leaders and emerging leaders of charitable organizations. After...
Nonprofit Leadership Crisis? – USF Nonprofit Management Gathering
On October 18, 2007, the University of San Francisco held its First Annual Fall Gathering of Nonprofit Management Students, Alumni and Faculty featuring a discussion on whether there will be a leadership crisis in the nonprofit sector as baby boomers retire. Dr. Michael O’Neill, founder of the Institute for...
Highlights of the ABA 2007 Joint Fall CLE Meeting – September 27-29
The ABA 2007 Joint Fall CLE Meeting of the Taxation and Real Property Trust and Estate Sections was held in Vancouver, B.C. on September 27-29. It was a great chance for me to visit the city in which I grew up, attend the wedding reception of a good friend,...