April 1-15, 2008
Last Issue: March 16-31, 2008
Court Allows Creditor to Pursue
Piercing Corporate Veil Against Officer
Successor organization is not liable, but conflicting
evidence gives grounds to avoid summary judgment
Full Article (free)
Expelled Members May Bring
Breach of Fiduciary Duty Claims
Allegation of improper dismissal gives standing
to challenge expulsion, waste and secret profits
CRT Donors Can’t Rescind Trust
For Concealment of Trustee’s Background
Bank’s support of Nazi regime during WWII
is no basis to rescind trust to benefit Jewish community
Ready Reference Page No. 105
Final 403(b) Regulations Will Require
Changes By End of Year
All plans must have a written plan document
but will not necessarily be subject to ERISA
Full Article (free)
- Kramer, Emerson to talk
on new Form 990 for ALI-ABA - Thursday with the Editor, June 12
To the Point
Our nonprofit tax-exempt organization has been operating well under the $25,000 annual revenue threshold that I understand exempts our group from the requirement to file a Form 990 tax information return with the IRS. I believe I recently read that that exclusion no longer applies. Can you summarize the present requirements for filing a return?
Answer
Lessons from Litigation Full Article
- Improperly passed assessment procedure is void
- Contract for will in return for hiding assets is illegal
Tax Matters Full Article
- IRS can’t retroactively revoke (c)(4) exemption
- Historical Society gets no break on tax value
- Religious broadcaster denied real estate exemption
Employment Law Full Article
- Action based on association with a person
of another race may be discriminatory - Board members covered by arbitration provision
- Discrimination complaint not constitutionally protected
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