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Wagenmaker & Oberly provides legal counsel to NONPROFIT ORGANIZATIONS across the nation with offices in Chicago and Charleston.

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“Millionaire” Employment Tax: Could This Be Your Nonprofit?

November 12, 2018

How much is too much compensation for nonprofit executives? Many nonprofits face the opposite challenge, with below-market pay provided to key leaders who are willing to make financial sacrifices.  A new tax law nonetheless aims to curb abuses of Section 501(c)(3) organizations offering either very high salaries or too generous severance pay upon departure. The penalty?  A 21% excise tax on the amount deemed to be excessive compensation. Nonprofits thus may continue with such compensation largesse, but only if they pay Uncle Sam too. 

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Nonprofit Corporate Law

NONPROFIT LAW NEWSFEED

Former Charity CEO Pleads Guilty To Multi-Million-Dollar Political Corruption Scheme

11/16/2018

Department of Justice  The former CEO of a charity headquartered in Springfield, Missouri has pleaded guilty to her role in a multi-million-dollar political corruption scheme that involved b

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Sign supporting DeSantis prompts petition calling for end of church's tax exempt status

11/15/2018

First Coast News  An online petition demands a Jacksonville church lose its tax exempt status after the church posted a sign urging onlookers to vote 'No' on all amendments and 'Yes' on Republican gubernatorial candidate Ron DeSantis.

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Embattled veterans nonprofits face new complaint with IRS

11/14/2018

NBC News  A former staffer at a Virginia-based charity alleges in a new whistleblower complaint that his former employer is bilking donors out of millions of dollars — money intended to help homeless veterans.

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Pastor’s Sign Outside Florida Polling Place Warns Not to Vote for Democrats and then Praise Jesus

11/09/2018

Tampa Bay Times  The Grace of God Church on Rowan Road has been a polling location without issue here for at least a decade, said Pasco County Supervisor of Elections Brian Corley.

That is until Tuesday morning, when the Rev. Al Carlisle decided to take a stand and posted a small handmade sign outside in marker.

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FEC releases new guidance for disclosure of certain donors to political nonprofits

11/08/2018

The Washington Post  Political nonprofit groups must publicly disclose the names of donors who have given more than $200 toward advertisements or other initiatives that call for the election or defeat of a candidate, according to new guidance from the Federal Election Commission.

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Atheists Renew Attack on Church Form 990 Exemption

10/30/2018

ECFA  The Freedom From Religion Foundation (FFRF) is back in court to challenge another longstanding exemption in the U.S. tax code for churches.

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Religious Groups, Atheists Clash Over Tax-Free Housing for Clergy

10/24/2018

Wall Street Journal  CHICAGO—A lawyer for religious groups on Wednesday defended in federal court a 64-year-old tax break that grants priests, rabbis and imams tax-free housing allowances—co

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7th Circ. To Mull Soundness Of Clergy Housing Tax Exemption

10/24/2018

Law 360  The Seventh Circuit on Wednesday will hear arguments on whether a housing tax exclusion for members of a clergy is unconstitutional, and opponents of the measure will have to overco

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Calif. Tax Agency Moving Forward With Post-Wayfair Plan

10/23/2018

Law 360  California is seeking comment from tax professionals, businesses, municipalities and other groups on the best way to enact remote seller provisions in the nation’s most populous sta

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6th Circ. Rejects Country Club's Event Losses As Tax Offset

10/22/2018

Law 360  The Sixth Circuit on Monday rejected an Ohio country club’s bid to offset tax on about $45,000 in investment income with losses incurred for nonmember events, saying the events were

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Former Charity CEO Pleads Guilty To Multi-Million-Dollar Political Corruption Scheme

11/16/2018

Department of Justice  The former CEO of a charity headquartered in Springfield, Missouri has pleaded guilty to her role in a multi-million-dollar political corruption scheme that involved b

READ MORE

Sign supporting DeSantis prompts petition calling for end of church's tax exempt status

11/15/2018

First Coast News  An online petition demands a Jacksonville church lose its tax exempt status after the church posted a sign urging onlookers to vote 'No' on all amendments and 'Yes' on Republican gubernatorial candidate Ron DeSantis.

READ MORE