The IRS has expanded its guidance on exempt organizations’ calculation of unrelated business taxable income (UBTI), and the ability to…
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Staying ahead of what matters most to nonprofits
Resources
We strive to keep our clients and the nonprofit community informed of important legal matters impacting their organizations. Here you’ll find in-depth articles, news briefs on current events important to nonprofits, and case studies, as well as material from our many speaking engagements and professional articles published in Colorado and across the country.
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IRS Focusing on Private Foundations and Self-Dealing
The Nonprofit Law Prof Blog has reported that the IRS has announced it will be conducting audits of more than…
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Proposed Excess Compensation Rules Address Related Organization Concerns
The IRS has released proposed regulations that are intended to provide comprehensive guidance on Section 4960 of the Internal Revenue…
READ MORE Coronavirus Impacts the IRS and Tax Filings
We at Leaffer Law Group understand that everyone has been inundated with coronavirus updates, and we do not wish to…
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Foundation Net Investment Income Tax Rules Get Needed Simplification
Most private foundations will begin paying a lower rate of tax on their net investment income starting this year. On…
READ MORE Going Paperless: IRS Requires Online Submission of Form 1023
The IRS announced last week that all Form 1023 applications for tax-exempt status under Section 501(c)(3) must be filed electronically…
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501(c)(6) Refresher: Line of Rulings Clarify Permissible Purposes
The IRS has been releasing a number of adverse determination rulings recently regarding 501(c)(6) organizations. By way of background, a…
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Flexible Giving Accounts Legislation Getting Another Look
Last week, the Everyday Philanthropist Act that provides for the creation of “Flexible Giving Accounts” was reintroduced to the House…
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Federal Court Invalidates IRS Procedure that Reduced Donor Disclosure
A federal district court has ruled that the IRS violated federal law when it adopted Revenue Procedure 2018-38, which provides…
READ MORE 501(c)(4) Notification Requirement Finalized, Clarified
The IRS has issued final regulations addressing the requirement that social welfare organizations notify the IRS of their intent to…
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