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Internal Revenue Service Seeking Comments on Proposed Changes to Donor Advised Funds

On December 4, 2017, the Internal Revenue Service (IRS) issued Notice 2017-73, wherein the agency describes the approaches it’s considering in addressing ... read more >

Siloing of Unrelated Business Income Is Creating Many Questions for Tax-Exempt Organizations

“Siloing” is the term being used to describe the 2017 tax reform change that requires exempt organizations to separate each of their unrelated ... read more >

Tax Reform Changes to Charitable Deduction

As promised, the House-Senate Conference Committee on the Tax Cuts and Jobs Act has preserved the deduction for charitable contributions. The new law actually ... read more >

Trigger Question on the Rebuttable Presumption for Executive Compensation

Not-for-Profit|Tax

By Gene Logan

The Tax-Exempt and Government Entities section of the Internal Revenue Service (IRS) has indicated that it will be using data-driven decision-making to ... read more >

Department of Labor Issues Final Rule on Overtime for White-Collar Workers

On Wednesday May 18, 2016, the Department of Labor (Department) issued the new Final Rule for Overtime for Exempt White-Collar Workers (Final Rule). The ... read more >

What Items Should a Nonprofit Board Review Annually?

On an annual basis, there are a number of issues involving governance and management that a nonprofit’s board of directors should review. Among the ... read more >

2015 Federal New Markets Tax Credit Announced

Tax

By Gene Logan

On June 15, 2015, the U.S. Treasury Department’s Community Development Financial Institution (“CDFI”) announced the awarding of more ... read more >

New Reporting Disclosures for Supporting Organizations

Not-for-Profit

By Gene Logan

A common way for an exempt organization to avoid private foundation status is by qualifying as a “supporting organization” under Code Sec. ... read more >

Credit for Small Employer Health Insurance Premiums Available for Tax-Exempt Entities

Not-for-Profit

By Gene Logan

Beginning in 2010, certain small employers can claim a credit for health insurance premiums paid. If a taxpayer qualifies, the credit can be used to reduce ... read more >