The Nonprofit Law Update®
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The New Tax Bill: Changes Affecting Tax-Exempt Organizations
Congress has passed a sweeping new tax bill, which will be effective in 2018. Tax-exempt organizations, like their for-profit counterparts and individuals, will be affected by changes in the bill, including the following notable changes: Increased Standard Deduction. The standard deduction for individuals will nearly double under the new legislation, which is expected to dramatically…
0READ MORE: The New Tax Bill: Changes Affecting Tax-Exempt Organizations -
HURRICANE HARVEY CLIENT ADVISORY
In the aftermath of Hurricane Harvey, many of our clients have questions about the newly enacted House Bill 1774, how it impacts the insurance claims process, the National Flood Insurance Program, and applying for federal assistance. This advisory is intended to provide information only and should not be construed as legal advice with regard to…
0READ MORE: HURRICANE HARVEY CLIENT ADVISORY -
Hurricane Harvey Victim Assistance Information Sheet
Life Safety For help in a life-threatening situation call 911 or your local County or City Emergency Operation Center. To find friends and family or to register yourself as safe, visit: https://safeandwell.communityos.org/cms/ or call 1-800-RED-CROSS (1-800-733-2767) To find a shelter in your area, visit http://www.redcross.org/get-help/disaster-relief-and-recovery-services/find-an-open-shelter or call 1-800-RED-CROSS (1-800-733-2767) To report a missing child,…
0READ MORE: Hurricane Harvey Victim Assistance Information Sheet -
BEWARE OF TAX SCAMS
BEWARE OF TAX SCAMS It’s tax reporting season for individuals and business entities, including nonprofits. As in years past, this year’s tax season has resulted in an increased number of scams targeting taxpayers. Importantly, neither the IRS nor any state authority will seek confidential information, such as a social security number or credit card or…
0READ MORE: BEWARE OF TAX SCAMS -
New Overtime Rule Blocked For Now
New Overtime Rule Blocked For Now A federal court in Texas has placed a temporary injunction on the implementation of the Department of Labor’s new overtime rule, which was scheduled to go into effect December 1. The injunction does not mean the rule will never go into place, but it will delay implementation while the…
0READ MORE: New Overtime Rule Blocked For Now -
Best Practices for Preventing Money Laundering and Terrorist Financing Abuse
Nonprofit organizations traditionally enjoy an elevated level of trust by society at large. Because of this, nonprofits must take precautions to avoid potential money laundering and terrorist financing through abuse of the charitable donation process. Toward this end, the Financial Action Task Force (FATF), an intergovernmental body which issues internationally endorsed global standards to combat…
0READ MORE: Best Practices for Preventing Money Laundering and Terrorist Financing Abuse
The Nonprofit Law Update®
-
The New Tax Bill: Changes Affecting Tax-Exempt Organizations
Congress has passed a sweeping new tax bill, which will be effective in 2018. Tax-exempt organizations, like their for-profit counterparts and individuals, will be affected by changes in the bill, including the following notable changes: Increased Standard Deduction. The standard deduction for individuals will nearly double under the new legislation, which is expected to dramatically…
0READ MORE: The New Tax Bill: Changes Affecting Tax-Exempt Organizations -
HURRICANE HARVEY CLIENT ADVISORY
In the aftermath of Hurricane Harvey, many of our clients have questions about the newly enacted House Bill 1774, how it impacts the insurance claims process, the National Flood Insurance Program, and applying for federal assistance. This advisory is intended to provide information only and should not be construed as legal advice with regard to…
0READ MORE: HURRICANE HARVEY CLIENT ADVISORY -
Hurricane Harvey Victim Assistance Information Sheet
Life Safety For help in a life-threatening situation call 911 or your local County or City Emergency Operation Center. To find friends and family or to register yourself as safe, visit: https://safeandwell.communityos.org/cms/ or call 1-800-RED-CROSS (1-800-733-2767) To find a shelter in your area, visit http://www.redcross.org/get-help/disaster-relief-and-recovery-services/find-an-open-shelter or call 1-800-RED-CROSS (1-800-733-2767) To report a missing child,…
0READ MORE: Hurricane Harvey Victim Assistance Information Sheet -
BEWARE OF TAX SCAMS
BEWARE OF TAX SCAMS It’s tax reporting season for individuals and business entities, including nonprofits. As in years past, this year’s tax season has resulted in an increased number of scams targeting taxpayers. Importantly, neither the IRS nor any state authority will seek confidential information, such as a social security number or credit card or…
0READ MORE: BEWARE OF TAX SCAMS -
New Overtime Rule Blocked For Now
New Overtime Rule Blocked For Now A federal court in Texas has placed a temporary injunction on the implementation of the Department of Labor’s new overtime rule, which was scheduled to go into effect December 1. The injunction does not mean the rule will never go into place, but it will delay implementation while the…
0READ MORE: New Overtime Rule Blocked For Now -
Best Practices for Preventing Money Laundering and Terrorist Financing Abuse
Nonprofit organizations traditionally enjoy an elevated level of trust by society at large. Because of this, nonprofits must take precautions to avoid potential money laundering and terrorist financing through abuse of the charitable donation process. Toward this end, the Financial Action Task Force (FATF), an intergovernmental body which issues internationally endorsed global standards to combat…
0READ MORE: Best Practices for Preventing Money Laundering and Terrorist Financing Abuse