By NEO Law Group
The joint Treasury and IRS 2021-2022 Initial Priority Guidance Plan was released on September 9, 2021. The Plan includes a work list of projects for the 12-month period ending June 30, 2022 but does not provide for any deadlines. The following are some of the key provisions for exempt organizations (generally, carryovers from the previous […]
The $1.9 trillion American Rescue Plan Act, signed into law by President Biden on March 11, 2021, authorizes federal spending for much needed economic relief and poverty alleviation. The most discussed provision in the Act may be the round of (up to) $1,400 stimulus payments to most Americans. But there are a number of provisions directly […]
Last week, Venable LLP hosted a webinar called COVID-19: What Your Nonprofit Needs To Know, which examined current questions surrounding workers, insurance, events, travel, and workplace situations. Below are some tips for nonprofits in handling the COVID-19 pandemic. Note that, as the situation is fluid and changing rapidly, good practices recommended today may be different […]
Nonprofits have long relied on public trust and confidence that they are operating with good intent. But in recent years, that trust has been eroding. While, generally, the nonprofit sector still continues to be more trusted than (for-profit) business, government, and media, the public trust issue is a serious one that needs to be addressed […]
Erin and I will be presenting a workshop at the 27th Annual Planned Giving Conference presented by the Northern California Planned Giving Council (NCPGC) on May 17. Here’s a description of the workshop: DEI, Governance, and Grantmaking Diversity, equity, and inclusion (DEI) are buzzwords now receiving great attention as issues of social justice, including racial justice, […]
Thanks to the Tax Cuts and Jobs Act (TCJA), if your nonprofit provides parking to its employees, it may now need to pay unrelated business income tax (UBIT) on the value of that parking benefit. That’s right – your tax-exempt organization may now need to pay income tax on an expense. Unrelated business income is the […]
The new tax law, the Tax Cuts and Jobs Act, despised by a great majority of the public and leading nonprofits, is now law. Nonprofits should be aware of these provisions and how they may impact their fundraising and operations. Part 1 – Fundraising The following temporary* provisions in the Act impact donors and the […]
The National Network of Fiscal Sponsors held its Annual Gathering in New Orleans on October 26 and 27. Approximately 120 leaders of fiscal sponsors and other professionals from across the country came to share experiences and to learn about common issues, best practices, and new developments. One common question throughout the gathering was whether the term […]
On September 28, 2017, the IRS released its Tax Exempt and Government Entities FY 2018 Work Plan. Below are some excerpts from the Commissioners about the IRS Work Plan for the division generally in charge of nonprofit tax compliance and some highlights from the Plan: We enter Fiscal Year 2018 as a more cohesive and efficient […]
Bolder Advocacy, an Initiative of Alliance for Justice, is hosting a workshop on Wednesday, July 26th for nonprofits in California’s Central Valley. The interactive workshop is intended for staff and board members of 501(c)(3) public charities and cover the applicable legal rules on such organizations engaging in advocacy. The workshop will specifically cover the following […]