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Schedule B Donor Disclosures: Onward for SCOTUS Ruling

January 15, 2021

Many nonprofit leaders and tax practitioners have eagerly awaited news of whether the United States Supreme Court would consider a legal challenge to California’s requirement that 501(c)(3) public charities annually submit a list of their major donors to the California Attorney General, as contained in their IRS Form 990 Schedule B return. On January 8, 2021, the Supreme Court granted a petition for writ of certiorari in Thomas More Law Society v. Becerra, consolidating that case with Americans for Prosperity Foundation v. Becerra. In these troubled times of increasing polarization, protests, and “cancel culture” tactics, these cases represent extremely important constitutional freedom issues that will substantially affect public charity operations and associated privacy rights of their donors.

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Tax Exemption

NONPROFIT LAW NEWSFEED

Colleges Paying Top Dollar for Coaches Will Pay Extra to IRS

01/22/2021

Bloomberg. Highly paid college sports coaches and hospital executives are among the nonprofit employees the Internal Revenue Service is targeting in the final version of a tax-law regulation.

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Find Out If You Can Really Write Off That Holiday Donation

01/22/2021

AOL. Your charitable giving can benefit you, too, if you take a charitable contribution deduction.

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Oregon Democratic Sen. Wyden: IRS should investigate whether tax-exempt groups fueled Capitol riot

01/19/2021

The Washington Times Sen. Ron Wyden wrote to IRS Commissioner Charles Rettig to request an investigation of whether tax-exempt organizations had any direct involvement in planning or inciting the riot at the U.S. Capitol last week. 

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IRS Revamps Application for 501(c)4 Tax-Exempt Status

01/15/2021

Accounting Today The Internal Revenue Service issued a revised Form 1024-A application Tuesday for tax-exempt status under Section 501(c)4 of the Tax Code, along with instructions permitting it to be filed electronically. The move is part of the agency’s ongoing efforts to expand the range of forms that can be filed electronically.

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Cares Act 2021 Tax Incentives

01/14/2021

AOPA Foundation Tax incentives brought about by the CARES Act for 2020 are extended to the 2021 tax year. One provision expanded benefits to those supporting qualified non-profits like the AOPA Foundation.

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Oklahoma senator introduces Religious Freedom Act

01/12/2021

 The Lawton Constitution State Sen. George Burns, R-Pollard, has filed a measure that would modify the Oklahoma Religious Freedom Act to ensure government entities cannot close churches, religious institutions or houses of worship. The measure is a response to the closure of churches and houses of worship across the nation during the COVID-19 pandemic.

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The Bill that could change Religious Freedom as you know it

01/11/2021

Deseret News Amid growing conflict between religious liberty and other civil rights, a diverse coalition of pastors, policymakers and advocacy groups is calling for an overhaul of America’s most notable religious freedom law outside of the Constitution.

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Nonprofit Groups Put New Independent Expenditure Law to the Test

01/07/2021

New Mexico In Depth After a decade-long effort, New Mexico lawmakers passed new campaign reporting requirements in 2019 to force nonprofit groups, which can spend money on political campaigns without registering as political committees, to disclose their spending as well as the names, addresses, and contribution amounts of their donors who fund such “independent expenditures.” 

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Philanthropists Push for Charitable Giving Reforms

12/29/2020

Barron's A group of high-profile philanthropists and foundations, along with estate and gift tax experts, have come together to push for reforms to charitable giving laws that would increase the amount of money available for nonprofits.

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Selby Gardens, Property Appraiser Remain at Odds

12/28/2020

YourObserver.com After years of being exempt from local property taxes, Marie Selby Botanical Gardens is facing nearly $1 million in taxes and assessments on its bayfront campus near downtown Sarasota.

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Colleges Paying Top Dollar for Coaches Will Pay Extra to IRS

01/22/2021

Bloomberg. Highly paid college sports coaches and hospital executives are among the nonprofit employees the Internal Revenue Service is targeting in the final version of a tax-law regulation.

READ MORE

Find Out If You Can Really Write Off That Holiday Donation

01/22/2021

AOL. Your charitable giving can benefit you, too, if you take a charitable contribution deduction.

READ MORE