TRUSTED ADVISORS TO NONPROFITS

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?

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. 

NONPROFIT LAW NEWSFEED

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

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

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

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.

Embattled veterans nonprofits face new complaint with IRS

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.

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

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.

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

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.

Atheists Renew Attack on Church Form 990 Exemption

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

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

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

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

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

Calif. Tax Agency Moving Forward With Post-Wayfair Plan

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

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

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

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

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

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

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.