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Health Coverage Providers: Deadlines for Health Coverage Providers to Report Minimum Essential Coverage are Approaching

February 11, 2016

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Who Must Report?

If you are a health insurance issuer, self-insured employer, or other entity that providedminimum essential coverage (MEC) during calendar year 2015, including a state government providing Medicaid or Children’s Health Insurance Program (CHIP) coverage, you are subject to Affordable Care Act information reporting requirements.

What Must You Report?

You must report certain information to the IRS and to covered individuals about the coverage that you provided.

Which Forms Must You File?

Health insurance issuers, employers that are not applicable large employers and offer self-insured coverage, Medicaid and CHIP providers, and other MEC providers file Form 1094-B and Form 1095-B with the IRS and provide a copy of Form 1095-B to the covered individuals.

  • Form 1095-B, Health Coverage: to report information to the IRS and to covered individuals about MEC
  • Form 1094-B, Transmittal of Health Coverage Information Returns: to transmit your Forms 1095-B

IRS Exempt Organization Newsletter 2016-1

February 3, 2016

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On February 2, the IRS released its Exempt Organization Newsletter, Issue Number 2016-1.

  • Register for IRS webinar: Starting and Operating Charities for Disaster Relief
  • Form 990-N submission website will change Feb. 29
  • IRS provides tax relief to Missouri storm victims; tax deadline extended to May 16
  • Read IRS Tax Tips
  •   1.  Register for IRS webinar: Starting and Operating Charities for Disaster Relief

    Register for this one-hour webinar, scheduled Thursday, Feb. 25 at 2 p.m. (Eastern).

    Learn about:

    • The requirements for starting a tax-exempt charity under federal law.
    • The ways for new and existing organizations to provide disaster relief without jeopardizing their tax-exempt status.
    • Operational requirements, fundraising and working with volunteers.

    Back to Top

      2.  Form 990-N submission website will change Feb. 29

    Beginning February

    Select Legal Issues in Fundraising: (1) Overview of State Fundraising Laws, and (2) Illegal Gambling vs. Legal Gaming

    February 3, 2016

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    When: Thursday, Feb. 18, 2 p.m. to 5 p.m.  Where: # 92 J.C. Penney Conference Center on the UM-St. Louis North Campus Fee: $ 25

    Program DescriptionSometimes well-intentioned and seemingly acceptable fundraising activities can run afoul of the law, even without a nonprofit knowing it is breaking the law. But ignorance of the law is no defense against an investigation into illegal fundraising activities. Come to this class to learn more about some of the fundraising-related laws that you need to know about, including:

    • State regulations for registration of fundraising activities (in Missouri and other states);
    • What it means to “solicit” contributions from state-to-state, and the ramifications of illegal or misleading solicitations;
    • How to avoid violating do-not-call laws;
    • Protection of restricted assets and endowments;
    • How to tell whether your gambling-related fundraising activity is a form of legal gaming or illegal gambling

    Instructors: Assistant Attorney General Bob

    Multi-office Bryan Cave Team Leads Merger of Three Trade Associations to Form Global Association

    January 22, 2016

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    Bryan Cave lawyers in Washington, London and Singapore assisted our Washington-based client, Futures Industry Association, in designing and implementing two simultaneous mergers with allied associations in Europe and Asia in order to form one association to represent the global derivatives industry.  As these were non-profit, membership organizations, these transactions presented a number of complex transactional, tax, and international issues.  Members of the association include major financial institutions active in commodities and futures markets.

    To address these issues, Bryan Cave was able to utilize the expertise of attorneys in the three offices where the organizations are based, but also drew on expertise in the  St. Louis, New York and Los Angeles  offices.   The client team was led by Chris Rodgers in Washington.  Andrew Hart led the team in London.  Attorneys contributing to this effort included Rod Page (DC);  Sarah Buxton, Lorna Edwards, and Gary Freer (London); Nicole Simonian (LA), Keith Kehrer

    IRS GuideWire 2016-09

    January 19, 2016

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    IRS GuideWire 2016-09

    January 19, 2016

    Authored by: Keith Kehrer

    Notice 2016-09 extends the date by which social welfare organizations must notify the Internal Revenue Service of intent to operate under section 501(c)(4), as required by new section 506, added to the Internal Revenue Code by the Protecting Americans from Tax Hikes Act of 2015. With respect to the separate process by which an organization may, at its option, request a determination that it qualifies for section 501(c)(4) tax-exempt status, the Notice states that organizations seeking IRS recognition of section 501(c)(4) status should continue using Form 1024, “Application for Recognition of Exemption Under Section 501(a),” until further guidance is issued and clarifies that the filing of Form 1024 will not relieve an organization of the requirement to submit the section 506 notification.

    Notice 2016-09 will be in IRB 2016-06, dated February 8, 2016.

    The Feasibility Study – Understanding and Using This Important Tool for Your Nonprofit Organization

    January 15, 2016

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    Thursday, Jan. 28, 2016 3-5 p.m. in #92 J.C. Penney Conference Center on the UMSL north campus

    The basic function of the Planning and Feasibility Study is to determine how well positioned the organization is to achieve the traditional standards and hallmarks associated with a successful fundraising campaign program. An effective use of the study process can uncover ways and means to lead organizations to success, even when the challenges may appear daunting or ambitious. Feasibility studies are often used in relation to a particular campaign, but this tool can also be used to inform and advance other philanthropic capacity building efforts.  Come to this class to learn more about how feasibility studies work, and how your nonprofit can employ this important tool to help advance your development goals.

    Instructor Dan Reynolds, MPPA, began his career in the independent sector with a low-income housing organization in Chicago. Prior to joining

    Planning for University Crisis Management

    January 14, 2016

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    The authors describe how to prepare effectively for a reputational crisis.   They focus on ways to harmonize legal concerns with effective public-relations advocacy.  The article is focused on crisis-management principles for educational institutions, but the same principles can be generalized to many non-profit organizations.

    View full article here.

    The Force Awakens on 2016

    January 4, 2016

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    The Force Awakens on 2016

    January 4, 2016

    Authored by: Carrie Byrnes

    The ball dropped on 2016, but don’t drop the ball on your benefit plan compliance.  As part of our annual tradition, we’re pleased to present this year’s Top Ten New Year’s Countdown for the reading pleasure of our fellow ERISA geeks.  You may remember last year’s Top Ten list was set to Pop Culture themes that dominated 2014?  Well, we’ve decided to embrace the Star Wars fever that currently has a firm grip on our society and devote our entire list to Star Wars’-themed tips.  Get your lightsabers ready…

  • This epic space opera list starts just where you’d expect it:  A long time ago in a galaxy far, far away (called Congress)…there was born a law called the Patient Protection and Affordable Care Act. The law made it through infancy and even toddlerhood…but then it required reporting of a kind never seen before.  If you’re reading this article, you likely
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