By NEO Law Group
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: “Against the backdrop of mounting evidence that the global economy is weakening, President Trump is caught between his desire to pursue the trade war...
The Rebuttable Presumption of Reasonableness procedures, described in Treasury Regulation Section 53.4958-6(a), were promulgated to help charities avoid overpaying certain individuals and entities (known as disqualified persons) that might be able to exercise influence on the charity’s decision-making. Among those included as disqualified persons (DQPs) are: Directors (board members),...
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: “On Sunday, Americans woke up to news of a shooting rampage in an entertainment district in Dayton, Ohio, where a man wearing body armor...
On July 30, 2019, in Bullock vs. Internal Revenue Service, a federal court held unlawful and set aside Rev. Proc. 2018-38 as adopted by the IRS without complying with applicable notice-and-comment procedures. Rev. Proc. 2018-38 provided that tax-exempt organizations described by section 501(c), other than section 501(c)(3) organizations, will no...
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 man believed to have opened fire at the Gilroy Garlic Festival on Sunday, killing 3 and wounding 12, was identified by a law...
In July 2016, we published a post on the New IRS Notification Requirement for 501(c)(4) Organizations – Form 8976. At the time, the IRS issued final and temporary regulations and published Revenue Procedure 2016-41 relating to the requirement that organizations notify the IRS of their intent to operate under section 501(c)(4) of the...
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: “After months of anticipation, Robert S. Mueller III, the former special counsel, on Wednesday delivered nearly seven hours of dry, sometimes halting testimony before...
Earlier this year, the IRS released Rev. Proc. 2019-22, effective as of May 28, 2019, which provides a private school may use its Internet website to publicize the school’s racially nondiscriminatory policy as to students and meet the requirements of exemption under Section 501(c)(3). Background In 1970, the IRS...
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: “In a moment of unrestrained demagoguery, President Donald Trump presided Wednesday over a crowd chanting “Send her back! Send her back!” about an American...
In 2018, the Treasury Department changed its regulations to exempt tax-exempt organizations described by section 501(c), other than section 501(c)(3) organizations, from the requirement that they report the names and addresses of their contributors on the Schedule B of their Forms 990 or 990-EZ. See Treasury Eliminates Donor Information Disclosures...
You must be logged in to post a comment.