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There are, however, several strategies taxpayers can use to maximize available deductions while continuing to provide support to charitable causes.

A number of inquiries and initiatives instigated by the IRS in 2008 focused on the amount of resources charities are expending to further their exempt activities.

Earlier this year the IRS issued drafts of the 2013 Form 990, "Return of Organization Exempt From Income Tax", and 2013 Form 990 Instructions.

A number of our clients have historically maintained employee assistance and leave-sharing programs to assist co-workers and others in times of crisis.

On September 16, 2015, the IRS issued proposed regulations concerning the time and manner for donee organizations to file information returns that report required information about charitable contributions.

On Aug. 9, 2013, the Internal Revenue Service published a notice in the Federal Register seeking comments on the recordkeeping burden placed on public charities and social welfare organizations (as well as qualified nonprofit health insurance issuers) subject to the excess benefit transaction rules.

In a case watched closely by Maine’s non-profit organizations, the Maine Supreme Judicial Court has held that Hebron Academy, a private secondary school, was exempt from property tax on its various school buildings.

In November 2023, the IRS issued proposed regulations relating to donor-advised funds ("DAFs") (discussed here).

HMRC has extended its Structured Risk Review process to charities, introducing comprehensive scrutiny across all operational aspects including governance, fundraising, and subsidiary relationships. The review process involves extensive documentation requests and can result in penalties up to 100% of tax liability for identified errors. Charities must maintain robust tax compliance and governance practices as the SRR cannot be adequately prepared for at short notice.

Each year, individuals and families contribute thousands of pounds of tangible personal property – such as gently used clothing, old toys, furniture and household appliances – to local charities. In turn...

For property owners in Nassau County, the renewal forms must be filed with the Nassau County Board of Assessors.

Will the recent federal tax overhaul hurt charitable giving? Two U.S. senators want an answer in hard facts.

In 2010, billionaires Warren Buffett and Bill Gates went public with their "Giving Pledge" campaign. The campaign asks the wealthiest people in the world to donate at least half of their wealth to charity either during lifetime or as a testamentary gift.

The announcement of the Bayer-Monsanto transaction gives shareholders a great opportunity to think about taxes and charitable planning options.

Last week, we discussed the notice period for special board meetings, the proper power of executive committees and the differences between officers of the board and officers of the corporation.

Every nonprofit organization needs to have a clear and workable conflict-of-interest policy.

December 31 is the deadline to apply for transitional relief for those small organizations that lost their tax-exempt status in the first round of automatic revocations.

Fox Rothschild LLP was featured in the PhillyMag article "Big Brothers Big Sisters 100th Anniversary Gala." Full text can be found in the October 14, 2015, issue, but a synopsis is below.