Category: Federal Oversight
The CARES Act – Affiliation Rules for Nonprofits and Faith Based Organizations
BLUF –Secular nonprofits are subject to standard SBA affiliation rules under 13 CFR 121.301(f); faith-based organizations are largely exempt from those rules. INTRODUCTION As the Small Business Administration (SBA) and the Department of the Treasury roll out their emergency relief programs … read more
Nonprofit “Parking Lot” Tax Is Repealed
On December 20, 2019, President Trump signed into law an appropriations bill that, among other things, repealed the highly criticized “parking lot tax” enacted as part of The Tax Cuts and Jobs Act of 2017. Effective January 1, 2018, a new section … read more
New Regular Rate of Pay Rule Takes Effect January 15, 2020
On December 12, 2019, the U.S. Department of Labor (DOL) announced a Final Rule that clarifies and updates the regulations under the federal Fair Labor Standards Act regarding the “regular rate of pay.” The Rule clarifies which perks and benefits must be … read more
New Federal Overtime Regulations Take Effect January 1, 2020
The U.S. Department of Labor (DOL) has issued its Final Overtime Pay Regulations under the federal Fair Labor Standards Act (FLSA). Specifically, the DOL: updated the salary thresholds to exempt executive, administrative, and professional employees from the FLSA’s minimum wage and overtime … read more
Public Charities, Lobbying Limits, and Affiliated 501(c)(4)s
501(c)(3) public charities are in a unique position to successfully advocate for the interests of those in need in our society. Advocacy may be even more impactful during an election year when public policy debates are at the forefront of the national … read more
Qualified Charitable Distributions from an IRA – It’s not too late!
As we approach the end of the year, donors are figuring out how much and where to give. For donors over the age of 70, that may mean reviewing an Individual Retirement Account (IRA) and its required minimum distribution. For those donors … read more
Stop! Purchase of an Event Ticket with DAF Dollars Could Land You in Hot Water with the IRS
The IRS has proposed regulations which, if enacted, will confirm its position that donor advised funds (DAFs) are barred from paying for tickets to charitable events on behalf of the donor advisor. A DAF is a giving vehicle established at a public … read more
Analysis of Tax Reform 2.0 from a Social Enterprise Perspective
On July 24, 2018, the House Ways and Means Committee released its framework for legislation relating to the Tax Cuts and Jobs Act of 2017. Dubbed “Tax Reform 2.0” the House plan would build on TCJA by accomplishing four main objectives: Make … read more
