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A question for our readers: A charitable remainder trust can (a) benefit family members, (b) benefit charity, (c) help diversify assets in a tax efficient manner, or (d) all of the above? The answer is (d).

On April 10, 2013, President Obama released his FY 2014 budget proposals.

The role of charities and philanthropy is likely to be key, but not without significant challenges.

In December 2022, New York Gov. Hochul signed legislation establishing a new streamlined licensure process for the Program of All-Inclusive Care for the Elderly (PACE) under Article 29-EE of the New York Public Health Law.

Over the past few months, attorneys, staff, summer associates and interns across Proskauer's U.S. offices have been volunteering with organizations to address food insecurity in their communities...

With the federal government back to work, we saw several important federal initiatives continue in earnest in November.

With the federal government back to work, we saw several important federal initiatives continue in earnest in November.

On December 18, 2015, President Obama signed the Consolidated Appropriations Act, 2016 into law.

At long last, the wait is over! California has finally issued registration, reporting, and disclosure regulations for Charitable Fundraising Platforms.

On December 11, 2020, Congress passed the Corporate Transparency Act ("CTA") as part of the National Defense Authorization Act for 2021.

In the previously released Notice 2011-20 and Fact Sheet FS-2011-11 (Notices), the Internal Revenue Service (IRS) addressed some of the tax-exemption issues surrounding accountable care organizations (ACOs), including the tax treatment of an exempt hospital organization participating in an ACO and the availability of Section 501(c)(3) exempt status for an ACO entity.

Yesterday, the Internal Revenue Service (IRS) and the U.S. Department of the Treasury (Treasury) released the 2025-2026 Priority Guidance Plan specifying the areas...

Effective December 28, 2012, the IRS published final regulations on the qualification requirements for "Type III" supporting organizations.

On June 7, 2011, the IRS announced that approximately 275,000 organizations automatically lost their tax-exempt status under new rules enacted in 2006 because they failed to file the required annual federal returns for three consecutive years.

The IRS published its 2010-2011 priority guidance plan with 310 projects covering a broad range of issues including tax-exempt organizations.

Property owned and occupied by charitable institutions solely for their charitable purposes is exempt from Michigan property tax.

January 12, 2018 (NEW YORK) – Each year across our offices, Proskauer emphasizes the importance of giving back in our communities, particularly during the holidays.