LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tax-Exempt Organizations
Today, the IRS released a report describing the results of its Exempt Organizations Executive Compensation Compliance Project. According to the report, a significant portion of the organizations contacted had provid... more
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tax-Exempt Organizations
On February 7, the IRS released Notice 2007-18, providing interim guidance on the scope of new tax shelter reporting and penalty rules enacted by the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA). TIPRA crea... more
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tax-Exempt Organizations
The IRS has joined the public debate regarding the specific governance practices of charitable organizations with the release on February 2, 2007 of its paper titled “Good Governance Practices For 501(c)(3) Organizations.”more
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tax-Exempt Organizations
On August 17, 2006, President Bush signed into law the Pension Protection Act of 2006 (PPA), which included several charitable giving incentives and numerous reforms primarily affecting charitable organizations and their don... more
Presentation | Speech
Tomer Inbar
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Gary Wilcox,
William Zimmerman,
Tomer Inbar,
Ann Batlle,
Drew Porter,
Celia Roady
The Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA), enacted earlier this year, may expose tax-exempt entities and their managers—potentially including outside investment managers—to significant new penalties ... more
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tax-Exempt Organizations
On August 3, 2006, the Senate joined the House of Representatives in passing the Pension Protection Act of 2006 (PPA), which includes many provisions intended to stimulate charitable giving and to discourage perceived tax la... more
LawFlash/Client Alert | Tax LawFlash
Tax
The recent release of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), is likely to result in increased requests by accountants and enterprises preparing financial statements for legal opinion... more
Outside Publications | Article
Kimberly Eney
LawFlash/Client Alert | Tax LawFlash
Tax
In a much-anticipated tax shelter–related decision, the Court of Appeals for the Federal Circuit, on July 12, 2006, reversed a taxpayer victory in the Court of Federal Claims holding that the economic substance doctrine does... more
Presentation | Speech
Tomer Inbar
Presentation | Speech
Celia Roady
Presentation | Speech
Celia Roady
Presentation | Speech
Tomer Inbar
LawFlash/Client Alert | Tax LawFlash
Tax
In a recent California Superior Court case, Northwest Energetic Services, LLC v. California Franchise Tax Board (Cal. Super. Ct. No. CGC -05-437721? Mar. 3, 2006), the court held that the annual California fee based o... more
Presentation | Speech
Celia Roady
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Celia Roady
On Monday, December 5, 2005, the Treasury Department issued revised Anti-Terrorist Financing Guidelines: Voluntary Best Practices for U.S.-Based Charities. The revised Guidelines replace the Guidelines issued b... more
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tomer Inbar,
Ann Batlle,
Drew Porter,
Celia Roady
On November 18, 2005, the Senate passed the Tax Relief Act of 2005 (S. 2020), which contains several significant modifications to the tax rules governing exempt organizations and charitable giving. The companio... more
Outside Publications | Chapter
Patrice Lefèvre-Péaron
LawFlash/Client Alert | Tax LawFlash
Tax
On October 27, the Internal Revenue Service (IRS) announced a short-term settlement initiative for taxpayers involved in a broad array of transactions that the IRS deems abusive. Eligible participants in the in... more
Outside Publications | Article
Frances Babb
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tomer Inbar,
Ann Batlle,
Celia Roady
There has been some significant activity in Congress over the past couple of weeks on tax issues affecting the charitable sector. On September 21, 2005, Congress enacted temporary tax relief legislation related... more
Outside Publications | Article
Patrice Lefèvre-Péaron
White Paper | Morgan Lewis White Paper
Christina Harper,
Kenneth Kail
The U.S. Treasury and the Internal Revenue Service recently published regulations governing practice before the Internal Revenue Service, which are effective for written U.S. federal tax advice provided after June 20, 2005.<... more
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tomer Inbar,
Ann Batlle,
Celia Roady
The attorneys general in certain states – including New York and Massachusetts – have begun to focus increased scrutiny on the corporate governance and fundraising practices of non-profit organizations, in line with sim... more