Tax-Exempt News and Updates
Remote Workers Many of our business clients have had drastic workforce changes during the COVID-19 pandemic, including having existing employee s relocate or taking on [...]
Remote Workers
Many of our business clients have had drastic workforce changes during the COVID-19 pandemic, including having existing employees relocate or taking on new employees in new jurisdictions. As a [...]
The Various Models of Fiscal Sponsorship: How much do the differences matter?
Many social enterprises go through a developmental phase of fiscal sponsorship – being the recipient organization (fiscal sponsoree) relative to a sponsoring 501(c)(3) organization (fiscal [...]
Founders of Nonprofits Ask: Which Tax-Exemption Application Should I File?
The IRS provides two forms of its Form 1023: Application for Recognition of Tax-Exempt Status, and most organizations seeking tax-exemption under Section 501(c)(3) will need to file either the [...]
IRS: “Impact Investment Advising is not a Charitable Activity”
In October 2020, the IRS released a private letter ruling (PLR 202041009) in which the IRS denied tax-exempt status to a nonprofit formed for the purpose of increasing social welfare, where the [...]
Nonprofits owning for-profits: Recent IRS guidance on “excess business holdings”
Private foundations (as well as donor-advised funds – or DAFs) are prohibited from (together with the organization’s “disqualified persons”) holding more than 20 percent of a non-exempt business. [...]
