What happens when members of a condo association fail to follow their governing documents in changing the rules for their association? An appellate court in Illinois has affirmed a trial court decision that the action is illegal and void and the association may not enforce its claims against some other members of the association.
The executive director of a small U.S. nonprofit cannot deduct travel expenses to support his activities on the board of a separate unrelated Brazilian nonprofit, the Tax Court has ruled. The executive claimed that there was “no question” his activities advanced the interests of the U.S. nonprofit. The Tax Court said: “As we see the matter, there are some questions about it.”
The Ninth Circuit Court of Appeals has affirmed a trial court decision dismissing a suit by the creator of a donor advised fund who sought reputational and other damages on the ground that the sponsor of the DAF paid excessive fees for managing the investments and deprived him of funds to distribute to other charities. (See Nonprofit Issues® Vol. XXXI No.
The Internal Revenue Services has recently released a new Technical Guide for 501(c)(6) trade associations and business leagues. The IRS says it updates the existing Audit Technique Guide available on its website.
The fine print says it is “not an official pronouncement of the law or the position of the Service and cannot be used, cited, or relied upon as such.” But it also says it is up to date as of its revision date, 9/16/22.
After nearly a decade of litigation and several prior court decisions, the District of Columbia Court of Appeals has ruled that the doctrine of religious abstention prevents it from deciding competing claims for control of the Unification Church originally founded by Reverend Sun Myung Moon in 1954.
Thirty three private colleges and universities paid $68,088,096 in excise tax on the net investment income reported on tax returns filed during calendar year 2021, according to information recently released by the Internal Revenue Service.
