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January 15, 2019

Illinois Tax Credit Program to Benefit Participating Taxpayers, Schools, and Students

Non-public schools have an opportunity to receive funds through the Illinois “Invest in Kids” Act, effective January 1, 2017. The Act offers an innovative way for qualified Illinois private schools to receive additional funding, for supporters of these schools to claim an income tax credit against their tax liability, and for Illinois students to receive scholarships. How can your non-public school take advantage of this opportunity?

Tax Exemption

December 19, 2018

Reflections on Serving Nonprofits

At year’s end, we often reflect on lessons learned and experiences shared, and also on those people and the things for which we are grateful. In a break from our usual fare, what follows is a more personal reflection from our law firm’s attorney Jonathan Hwang on some aspects of the unique nature and culture of Wagenmaker & Oberly.

Nonprofit Corporate Law/Religious Organizations/Social Enterprises/Tax Exemption

December 14, 2018

Congress Seeks to Restrain IRS on “Dark Money” Schedule B Donor Disclosures

Are tax-exempt organizations required to disclose their major donors on their IRS Form 990 Schedule B’s, or not? In July 2018, the IRS issued Revenue Procedure 2018-38, answering “no” for Section 501(c)(4) and other tax-exempt organizations, but leaving the disclosure requirement intact for Section 501(c)(3) organizations and Section 527 political action committees (known as PACs).

Fundraising/Nonprofit Corporate Law/Tax Exemption

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Illinois Tax Credit Program to Benefit Participating Taxpayers, Schools, and Students

Reflections on Serving Nonprofits

Congress Seeks to Restrain IRS on “Dark Money” Schedule B Donor Disclosures

Illinois Tax Credit Program to Benefit Participating Taxpayers, Schools, and Students

Reflections on Serving Nonprofits

Congress Seeks to Restrain IRS on “Dark Money” Schedule B Donor Disclosures

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