Topic: Charity

What Does the American Taxpayer Relief Act Mean for Nonprofits?

The American Taxpayer Relief Act was signed into law in extremis on January 2, 2013, bringing with it important changes to the country’s tax laws, including the extension of a number of credits, exemptions, and favorable rates that were scheduled to expire at the end of 2012. For nonprofits and charities – and for the… Read more »

Nonprofit Update: IRS Changes Rules to Facilitate Foreign Giving

In late September, the Internal Revenue Service proposed new regulations that will reduce barriers to international donations. Under IRS rules, when making gifts to foreign organizations, private foundations must determine that the organization is equivalent to a U.S. public charity or risk liability for excise taxes on the donation. That requirement remains in place. The… Read more »

Nonprofit Laws: IRS Exemption, Social Media Policies, Contracts, L3Cs, Marketing, and More

For your reference, a roundup of recent updates on legal issues (and challenges) facing nonprofit organizations, from lawyers and law firms on JD Supra: New Guidance for Nonprofits Regarding Social Media Policies and Punishment (Venable LLP): “… rapidly developing law in the area of disciplining employees for voicing workplace gripes in social media such as… Read more »