President Obama recently released his proposed budget for 2017, which contains several important tax changes for exempt organizations in key…
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IRS Developments
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…
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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…
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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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IRS Pulls Alternative Substantiation Method Proposed Regulations
Amid a furor over privacy concerns, the IRS has pulled its proposed regulations under Section 170(f)(8)(D) that provided an alternative…
READ MORE IRS Issues Final Regulations on Payout Amount for Certain Supporting Organizations
The IRS has issued final regulations addressing payout amounts for Type III non-functionally integrated supporting organizations. These regulations close the loop…
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Tis The Season For Contemporaneous Written Acknowledgements
The IRS issued an unusual email clarification this week in order to reassure charitable organizations that they are not required…
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IRS Provides Key Investment Piece: Guidance on Mission-Related Investments
In a long-awaited clarification for private foundations, the IRS recently issued Notice 2015-62 regarding the application of Section 4944’s prohibition on…
READ MORE IRS Examines Deductibility of Marketing-Minded Business Donations
More and more, businesses are announcing that they will give a certain percentage of sales or other proceeds to nonprofits…
READ MORE IRS Clarifies Donee Reporting Option for Deductible Contributions
The IRS has issued proposed regulations that would implement the statutory exception to the “contemporaneous written acknowledgement” requirement for substantiating charitable…
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