President Obama signed into law the Protecting Americans from Tax Hikes (“PATH”) Act late last year. The PATH Act has…
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IRS Developments
Updated Guidance from IRS on 501(c)(4) Notification Requirement
The IRS has just released final and temporary regulations, as well as Revenue Procedure 2016-41, that shed some light on the new…
READ MORE IRS Releases Searchable Exempt Organization Data
Last week, the IRS began to release tax-exempt organizations’ digital Form 990 information in a machine-friendly format. This change will…
READ MORE IRS Cuts 1023-EZ Filing Fee to $275
The IRS has just announced that the filing fee for the 1023-EZ, a short-form application for recognition of tax-exempt 501(c)(3) status,…
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IRS Finalizes PRI Regulations that Shed Light on Permissible Activity
The IRS recently issued final regulations on program-related investments (or PRIs), which bring guidance on these type of investments into…
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More Clarification from IRS on Type III Supporting Organizations
The IRS recently issued new proposed regulations regarding supporting organizations that provide additional clarity, particularly for Type IIIs. This has been…
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President’s Proposed Budget a Mixed Bag for Exempt Organizations
President Obama recently released his proposed budget for 2017, which contains several important tax changes for exempt organizations in key…
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Proposed Regulations Focus on ‘Political Subdivision’ Definition
Private foundations that make grants are generally very familiar with the expenditure responsibility rules, which require a heightened level of…
READ MORE IRS Approves Crossroads GPS as Exempt 501(c)(4) After Six Years
Amid a great deal of controversy, the IRS has granted exemption to Crossroads GPS, an organization famous both for its…
READ MORE IRS Clarifies New Filing Obligation for 501(c)(4) Organizations
With the enactment of the Protecting Americans from Tax Hikes (PATH) Act of 2015, organizations exempt under Section 501(c)(4) face…
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