/TEO BULLETIN/3 minute read
On July 30, 2019, the court in Bullock v. IRS, No. CV-18-103-GF-BMM (D. Mont. July 30, 2019) invalidated IRS Revenue Procedure 2018-38 governing tax-exempt organizations’ disclosure of donor information on…
/TEO BULLETIN/2 minute read
The Internal Revenue Service (“IRS”) defines virtual currency as “a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.”…
/TEO BULLETIN/less than a minute
Our recent Client Advisory discusses the Taxpayer First Act , enacted on July 1, 2019, which includes amendments to the Internal Revenue Code that significantly impact tax-exempt organizations. Read it…
/TEO BULLETIN/less than a minute
Our recent Client Advisory Cybersecurity and Privacy Risks for Nonprofits: Navigating the Minefield has been published in Pratt’s Privacy & Cybersecurity Law Report (Lexis A.S. Pratt), July 1, 2019. Read…
/TEO BULLETIN/2 minute read
On May 6, 2019, the New York and New Jersey Attorneys General filed a lawsuit against the U.S. Department of the Treasury (the “Treasury Department”) and its bureau the Internal…
/TEO BULLETIN/2 minute read
On July 19, 2018, the New York Attorney General announced a settlement with Tennessee-based charity Operation Troop Aid Inc. (“OTA”) for failure to properly oversee donations received as part of…
/TEO BULLETIN/2 minute read
Internal Revenue Service Notice 2018-67 (the “Notice”) sets forth interim guidance relating to Internal Revenue Code § 512(a)(6) Special rule for organization with more than one unrelated trade or business….
/TEO BULLETIN/less than a minute
Click here to read our Client Advisory explaining the recent legal requirement for both new and existing nonprofit membership corporations incorporated in New York.
/TEO BULLETIN/2 minute read
Effective October 9, 2018, New York Labor Law § 201-G requires all New York state employers—including nonprofit organizations—to maintain a sexual harassment prevention policy and conduct an interactive sexual harassment…
/TEO BULLETIN/less than a minute
Click here to read our Client Advisory discussing the initial and ongoing impact of the 2017 Tax Cuts and Jobs Act on nonprofit organizations.