July 1-15, 2006
Last Issue: June 16-30, 2006
Court
Overturns Excess Benefit Taxes
Imposed on Sale of Charities to For-profits
Fifth Circuit says Tax Court erred in imposing $69.7 million
tax
on sale of home health care agencies to directors
Full Article (free)
“Conversion Foundation” Denied
Bequest
To Hospital Whose Assets Were Sold
Courts conclude that donors intended to benefit
specific facility now owned and operated by another
Grassley Continues to Push
Charity Reform Provisions
Attaches provisions to telephone tax repeal bill,
urges IRS to implement more oversight
Ready
Reference Page
Bylaws Function as “Constitution”
Of Nonprofit Corporations
Regulation of corporate governance demands
as much care and thought as the Constitution of a country
- Kramer, Sikes to lead program on representing nonprofits
- Nonprofit Issues to answer questions weekly
- Thursday with the Editor, July 27
To the Point
If I want to pay for a service to a 501(c)(3) organization, do I get a personal tax benefit or write-off for paying the cost of that service? Answer
Lessons from Litigation
Full
Article
- Court dismisses claim to rescind gift deed retaining life estate for donor
- Statute that board “should” reflect diversity does not require new election procedures
Tax Matters Full Article
- Low-income apartments lose real estate exemption
Employment Law Full Article
- Nonprofit employee may be fired for vote as member of organization
- Religious school exempt from unemployment comp
What our readers say about Nonprofit Issues
Once again you've tackled a tricky question and explained it so we all can understand the issue.--M.V.
Thank you for your informative and keen advice on nonprofit matters. I believe its a unique and concise place to get answers to this often wispy area called nonprofit. --R.T.
