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The Acting Director of IRS Exempt Organizations Examinations revealed three developments with respect to enforcement activity against churches.

In a case of first impression, in a decision issued on Friday, June 26, the Tax Court of New Jersey invalidated the real property tax exemption of Morristown Memorial Hospital...

As repeatedly promised in its work plan, the IRS recently issued Proposed Regulations containing several new examples of investments that qualify as a "program-related investment" (a "PRI") for purposes of avoiding potential characterization as a "jeopardizing investment," which could result in the imposition of excise taxes on a private foundation and its managers under Section 4944 of the Code.

It's Friday and time for another overview of developments in the field of business and human rights that we've been monitoring.

Fraudulent activity — whether it's check tampering, skimming from the till or billing schemes — has always been a concern for nonprofit organizations, and this problem is not going away anytime soon.

In an effort to provide more useful information to donors, grantors, creditors and other users of the financial statements, the Financial Accounting Standards Board (FASB) released ASU 2016-14...

In Notice 2020-46, the IRS explains how employees can forgo their paid time off balances to allow their employers to make donations to charities that are assisting individuals impacted by the COVID-19 pandemic.

Section 3101 of the Taxpayer First Act requires certain exempt organizations to file information and tax returns electronically for tax years beginning after July 1, 2019.

The Act is generally applicable to not-for-profit corporations and wholly charitable trusts. Those are broad categories, so let's get more granular about it.

Increasing Scrutiny of Nonprofit Fraud, Embezzlement, and Charitable Diversion

Back in 2017, Washington's Attorney General sued TVI, Inc., the for-profit company that owns Value Village, the country's largest for-profit thrift store chain.

Back in 2017, Washington's Attorney General sued TVI, Inc., the for-profit company that owns Value Village, the country's largest for-profit thrift store chain.

In January 2015, Governor Snyder signed Michigan Senate Bills 623, 624, and 929, which make significant revisions to the Michigan Nonprofit Corporation Act (MCL 450.2101 – 450.3192) (the "Act").

Operating, managing, representing or advising a nonprofit organization is no small task.

The recent California wildfires have brought unimaginable destruction and tragedy to thousands of Californians

Nonprofit organizations should be aware of the applicable law and best practices with respect to their endowment and investment assets.

On December 20, 2017, the Senate and the House of Representatives voted to pass the Tax Cuts and Jobs Act.