Employees not entitled to overtime for volunteer service
Employees getting paid for eight hours of volunteering for charity are not entitled to overtime pay for the work, a federal District Court in North Carolina has affirmed. The Court has affirmed a decision by a Magistrate Judge who concluded that the program was not work covered by the Fair Labor Standards Act.
Founder of nonprofit can’t claim losses from “S” corporation
The founder of a nonprofit corporation may not claim losses on his personal tax return from the corporation he sought to classify as an S corporation. The Tax Court has ruled he is not a stockholder or owner of the nonprofit and is not entitled to a deduction.
Appeals Court Orders Broader Disclosure Of Donors for Political Ads by 501(c)(4) Organizations
The U.S. Court of Appeals for the District of Columbia has affirmed a District Court order invalidating a Federal Election Commission Rule on disclosure of donors for independent political expenditures. The Court has determined that the statute requires broader disclosure than the FEC had previously required. If this decision stands, it could require public disclosure of all donors of more than $200 to an organization that makes independent expenditures of more than $250 in a calendar year.