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IRS Exempt Organization Newsletter 2014-7

March 26, 2014

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On March 26, the IRS released a special issue of its Exempt Organization Newsletter, Issue Number 2014-7.

  IRS phone forum scheduled March 27: Veterans’ Organizations: Help from the IRS on Key Rules

This phone forum, which begins tomorrow at 2 p.m. EDT, will cover the following topics:

  • Exemption Requirements
  • Exempt Activities
  • Unrelated Business Income (including gaming)
  • Recordkeeping
  • Employment Issues
  • Group Rulings
  • Filing Requirements

Go here to register for this event.

More information: Publication 3386: Veterans’ Organizations Tax Guide

Renee Gabbard Honored for Excellence in Public Service

March 25, 2014

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KKFIrvine Partner, Renee Gabbard, is being honored on March 27, 2014 with an Award for Excellence in Public Service at the Chapman University Fowler School of Law’s Public Interest Law Foundation (PILF) 2014 Silent Auction and Gala.  The Silent Auction and Gala honors the dedicated work of its students and community leaders in public interest law.  Proceeds from the dinner and auction will support PILF’s public interest summer jobs grant program.

Congratulations Renee!

To see more information click here.

Booster Club Fundraising May Present Private Inurement/Private Benefit Concerns

March 24, 2014

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In a recent decision, Capital Gymnastics Booster Club v. Commissioner, T. C. Memo 2013-193, the Tax Court held that a gymnastics booster club did not satisfy the requirements of Section 501(c)(3) because its fundraising programs operated in a manner that allowed substantial private inurement and promoted private, non-public interests. The case raises questions for taxexempt organizations that conduct fundraising activities for the benefit of organization leaders and members.

IRS Exempt Organization Newsletter 2014-6

March 21, 2014

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On March 20, the IRS released its Exempt Organization Newsletter, Issue Number 2014-6. Topics include the following:

  • IRS phone forum scheduled March 27: Veterans Organizations: Help from the IRS on Key Rules
  • Changes made to EO Select Check
  • Exempt Organizations Business Master File Extract page updated
  • Register for EO workshop
  • Revenue Procedure 2014-22 posted
  • IRS phone forum Q&As/presentations posted
  • IRS Provides Additional Guidance Regarding Reinstatement of Exempt Status

    The IRS recently issued Revenue Procedure 2014-11, 2014-3 I.R.B. 411 (the “Revenue Procedure”) providing procedures for reinstating the tax-exempt status of organizations that have had their tax-exempt status automatically revoked under section 6033(j) of the Internal Revenue Code for failure to file required annual returns or notices for three consecutive years. The Revenue Procedure modifies and supersedes Notice 2011-44, 2011-25 I.R.B. 883 (the “Notice”).

    In general, the Notice permitted certain organizations to request reinstatement of its tax-exempt status effective from the date of the organization’s automatic revocation (“retroactive reinstatement”) if the organization filed its application for reinstatement of tax-exempt status within 15 months of the revocation and proved reasonable cause for failing to file the required annual return or notice in each of the three consecutive years and over the entire consecutive three-year period. The Revenue Procedure liberalizes the criteria for requesting retroactive reinstatement for an organization that (i) was

    Sherby Elected President of ACTEC

    March 13, 2014

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    Sherby Elected President of ACTEC

    March 13, 2014

    Authored by: Keith Kehrer

    Kathleen Sherby in our St. Louis office has been elected president of the American College of Trust and Estate Counsel(ACTEC), effective March 8. Kathy’s election as president is an honor that recognizes her reputation as one of the country’s preeminent estate planning attorneys. She most recently served as president-elect of the organization. The American College of Trust and Estate Counsel is a national organization of approximately 2,600 lawyers elected to membership by demonstrating the highest level of integrity, commitment to the profession, competence and experience as trust and estate counselors. Kathy is a partner in our Private Client Group and co-leader of the Fiduciary Litigation Team.

    IRS Exempt Organization Newsletter 2014-5

    March 4, 2014

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    On March 4, the IRS released its Exempt Organization Newsletter, Issue Number 2014-5. Topics include the following:

  • What if the IRS needs more information on your application?
  • Review Revenue Procedure 2014-19
  • Register for EO workshops
  • IRS offers Health Care Tax Tips to help individuals understand tax provisions in the Affordable Care Act
  • IRS releases the “Dirty Dozen” Tax Scams for 2014
  • Charities and Their Volunteers phone forum presentation posted
  • Interactive Form 1023 updated
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