By NEO Law Group
Georgetown Law held its 38th Annual Representing and Managing Tax-Exempt Organizations conference (virtual edition) last week. Among the sessions at the conference was a perennial favorite: Update on Key Current Developments presented by exempt organizations attorney Bruce Hopkins. Below are some of the many highlights from his presentation: IRS TE/GE FY 2021 Program Letter IRS […]
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 […]
Upswell, powered by Independent Sector (IS), sees itself more as a gathering than a conference. Having attended the inaugural Upswell 2018, subsequent Upswell 2019 (including Upswell Chicago: Equity in the Center), and previous five IS Annual Conferences, I love this reimagination and replacement of the typical conference and look forward to attending Upswell 2020, which […]
A charitable nonprofit may engage in a joint venture (JV) with a for-profit entity subject to some important limitations. It’s critical for nonprofit leaders to understand these limitations in contemplating and negotiating a JV to avoid jeopardizing its tax-exempt status, unlawfully diverting charitable assets, and conferring a prohibited private benefit on the for-profit and/or its […]
The following are some of the highlights from Day One of the WCTEO 2019. Washington Update Sunita Lough (IRS, Deputy Commissioner for Services and Enforcement and former commissioner of the Tax Exempt and Government Entities division) discussed the IRS’s shift to enforcement with better data analytics (to select the “right” cases). As an example, she […]
California’s so-called “Gig Worker Bill,” Assembly Bill 5 (AB 5), goes into effect on January 1, 2020. AB 5 modifies how workers are classified as employees or independent contractors for state law purposes and codifies the 2018 California Supreme Court decision known as Dynamex. Nonprofits that make use of independent contractors should always pay special […]
We have work to do. Let’s – Do it together. Share more knowledge. Coordinate more activities. Inspire one another. Energize one another. Heal. Make each other more comfortable. Make each other more uncomfortable. Push. Be brave. Get the job done. These were the messages from Upswell Chicago. Here is how the event was described: Upswell […]
The IRS Tax Exempt & Governmental Entities (TE/GE) division released its Fiscal Year 2020 Program Letter earlier this week. In the Program Letter, TE/GE Commissioner Tammy Ripperda explains: Each year, TE/GE works hard to deliver the best possible tax administration. It’s what we’re paid to do and what the public expects of us. TE/GE strives […]
The quick and admittedly general answers (because there are exceptions) are: (1) yes, a nonprofit can own a for-profit; and (2) no, a for-profit cannot own a nonprofit, but it can select all of the nonprofit’s board members and thereby largely control the nonprofit. Can a Nonprofit Own a For-Profit? A nonprofit can own all […]
The 2018 Western Conference on Tax Exempt Organizations (WCTEO) is currently taking place in Los Angeles. Here are some selected running highlights. Washington Updates IRS 2018-2019 Priority Guidance Plan – Implementation of the Tax Cuts and Jobs Act (Items 21, 34, 39, 40, 58); Exempt Organizations (pp. 16-17); General Tax Issues (Item 11) Average processing time of exemption […]