Client Advisories

Electronic Filing Now Required for IRS Form 1023 Exemption Application

February 7, 2020/TEO BULLETIN/less than a minute

Pursuant to IRS Rev. Proc. 2020-8, as of January 31, 2020, a Form 1023 Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code—which is used to…

Client Advisories

New Act Simplifies Excise Tax on Investment Income for Private Foundations

January 27, 2020/TEO BULLETIN/less than a minute

Click here to read our Client Advisory regarding the recent change to the excise tax on investment income of private foundations.

Client Advisories

New York Attorney General and PayPal Charitable Giving Fund Enter Into Agreement to Address Lack of Transparency in Charitable Giving Campaign

January 22, 2020/TEO BULLETIN/3 minute read

On January 14, 2020, the New York Attorney General entered into an Assurance of Discontinuance (the “Settlement”) with PayPal Charitable Giving Fund (“PPGF”)—PayPal, Inc.’s charitable giving arm—to resolve issues raised…

Client Advisories

NY’s Stop Hacks and Improve Electronic Data Security Act (SHIELD Act) Takes Effect

November 6, 2019/TEO BULLETIN/3 minute read

New York’s “Stop Hacks and Improve Electronic Data Security Act (SHIELD Act)” (the “Act”) officially took effect on October 23, 2019. In pertinent part, the Act amends New York General…

Client Advisories

Federal Court Invalidates New York Donor Disclosure Law

October 24, 2019/TEO BULLETIN/3 minute read

A federal judge has invalidated a New York state Ethics Law requiring § 501(c)(3) and § 501(c)(4) tax-exempt organizations to publicly report their donors under certain circumstances. Background. Organizations exempt…

Client Advisories

New York Attorney General Releases Guidance on Solicitation Disclosure Requirements

October 10, 2019/TEO BULLETIN/less than a minute

Effective March 2019, § 174-b of the New York Executive Law was amended to add a new requirement that any solicitation by or on behalf of a charitable organization—including any…

Client Advisories

Court in Mayo Clinic v. U.S. Invalidates U.S. Treasury Regulation

October 2, 2019/TEO BULLETIN/3 minute read

In what may be a bellwether for future challenges to existing U.S. Treasury Regulations, on August 6, 2019 the United States District Court for the District of Minnesota in Mayo…

Client Advisories

New Workplace Harassment Rules Increase Protections for Workers

September 25, 2019/TEO BULLETIN/3 minute read

On August 12, 2019, Governor Andrew Cuomo signed into law S.6577/A.8421 (the “Act”), providing new workplace harassment protections for New York workers. While certain provisions of the previous law applied…

Client Advisories

IRS Issues Proposed Regulations and Notice in the Wake of Bullock v. IRS

September 13, 2019/TEO BULLETIN/2 minute read

On September 10, 2019, the Internal Revenue Service issued proposed updates to the information reporting regulations applicable to tax-exempt organizations. The proposed regulations  generally incorporate existing statutory amendments and IRS…

Client Advisories

Private Foundation Fraud Suit Allowed to Proceed

September 5, 2019/TEO BULLETIN/less than a minute

A Manhattan Surrogate’s Court judge recently ruled that our client Radio Drama Network, Inc., a private foundation, could proceed with its lawsuit to invalidate testamentary instruments that deprived it of…