By NEO Law Group
Here are some of the highlights from the virtual ABA Exempt Organizations Committee meeting held on February, 2022 as part of the ABA 2022 Midyear Tax Meeting. News from the IRS and Treasury New “no rule area” for IRS (Rev Proc 2022-3): no rulings on whether an act of self-dealing...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Happy Lunar New Year! Notable Events of the Week: “Test scores are down, and violence is up. Parents are screaming at school boards, and children are crying on the...
The Committee on Nonprofit Organizations of the American Bar Association’s Business Law Section is calling for nominations for the “2022 Outstanding Nonprofit Lawyer Awards.” The Committee presents the Awards annually to outstanding lawyers in the categories of Academic, Attorney, Nonprofit In-House Counsel, and Young Attorney (under 35 years old or in...
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 little sign of diplomatic progress, and rhetoric reminiscent of the Cold War, Russia on Tuesday announced a flurry of military drills across its...
I recently spoke with Tony Martignetti on Nonprofit Radio about the legal outlook for 2022. Here are some areas we discussed along with some bonus areas and additional resources – Technology Trends Cryptocurrency Nonprofits Get a New Type of Donation: Cryptocurrency (NY Times) How Your Nonprofit Can Accept Gifts Of Cryptocurrency...
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: “No one expected much progress from this past week’s diplomatic marathon to defuse the security crisis Russia has ignited in Eastern Europe by surrounding...
While it may seem intuitive for a 501(c)(3) nonprofit to openly accept gifts without question, certain gifts can result in consequences that harm the nonprofit’s mission, drain its finances, and/or damage the nonprofit’s reputation. In order to avoid such consequences, it’s best practice for nonprofits to adopt a Gift Acceptance...
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 infection rates mounting, the Omicron variant has ushered in a new and disorienting phase of the pandemic, leaving Americans frustrated and dismayed that...
We received two Internal Revenue Service reports of note in the first week of this new year: (1) the Tax Exempt and Government Entities Fiscal Year 2021 Accomplishments Letter; and (2) the Progress Update Fiscal Year 2021. Here are some excerpts from these reports: Highlights from the TE/GE Accomplishments...
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 former president of the United States of America has created and spread a web of lies about the 2020 election,” Biden said. “He’s...