Transitional Relief for Small Organizations – End of Year Deadline

When the Internal Revenue Service announced in June 2011 that approximately 275,000 exempt organizations had lost their exempt status under a provision of the Pension Protection Act of 2006 for a failure to file three consecutive annual information returns, it also provided guidance for organizations seeking to obtain reinstatement and retroactive reinstatement of its tax-exempt […]

The 2010 Relief Act – IRA Charitable Rollover

On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Relief Act). One of the individual tax relief provisions deals with extending an expiring provision related to distributions from individual retirement plans for charitable purposes. Prior to the 2010 Relief Act, the […]