Archive for ‘State Tax Developments’

EO Tax Journal 2020-131

Paul Streckfus, July 8, 2020 at 5:26 am

1 Reminder to Tax-Exempt Organizations: 990s, Other Forms Due July 15; E-file Best Way to File

2 – IRS Provides Guidance on IDR Enforcement Timelines and Resumption of Exam Activity

3 Attorney General James Orders California Foundation to Cease Solicitation of New York Donations

4 Frequently Asked Questions about Taxation of Provider Relief Payments

5 – Health Organizations Seek Extension of Deadlines for Hospitals Preparing Community Health Needs Assessments (CHNA)

6 – Applicant that Receives a Majority of Its Income from Non-Member Sources on a Recurring Basis Denied (c)(7) Status (Denial 202022008) Continue…

EO Tax Journal 2020-115

Paul Streckfus, June 15, 2020 at 5:13 am

1 – Editor’s Notebook

2 – News from the National Association of State Charity Officials

3 SBA and Treasury Issue New Guidance Interpreting the Paycheck Protection Program Flexibility Act

4 – Employee Retention Credit an Option to a Paycheck Protection Loan

5 – IRS Rules Foundation Can Exclude Fair Market Value of Exempt Use Portion of Conservation Property for Minimum Investment Return under Section 4942(e) (P
LR 202024014) Continue…

EO Tax Journal 2020-85

Paul Streckfus, May 1, 2020 at 5:18 am

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 NASCO Releases Annual Report on State Enforcement and Regulation

4 Form 1023 Paper Submission Transition Period Expired April 30

5 Breaking News: Nonprofits Are Not Eligible for the Main Street Lending Program

6 Independent Sector Asks Congress to Act

7 – NCN: DOL Issues Breathtakingly Cruel Guidance Inflicting Billions in Immediate Costs onto Charitable Organizations Struggling to Serve Their Communities

8 – SBA, Treasury to Evaluate Borrowers’ Eligibility for PPP Loans Amidst Criticism of Large Companies Obtaining Funds

9 – Applicant’s Social and Recreational Activities Result in Denial of (c)(3) Status (Denial 202015019)

10 Applicant’s Extensive Agricultural Activities Result in Denial of (c)(3) Status (Denial 202015027) Continue…

EO Tax Journal 2020-82

Paul Streckfus, April 28, 2020 at 5:22 am

1 – Editor’s Notebook

2 – In the News

3 – Meeting Guidance from New York Charities Bureau

4 Applicant Operating a Cemetery for the Benefit of Members Denied (c)(3) Status (Denial 202016020)

5 Applicant Providing Death Benefits to Pre-Selected Individuals and Their Families Denied (c)(3) Status (Denial 202017030) Continue…

EO Tax Journal 2020-58

Paul Streckfus, March 25, 2020 at 5:34 am

1 – Editor’s Notebook

2 NACUBO Seek Inclusion of EOs in Coronavirus Measures

3 Charitable Giving Coalition Urges a Temporary Universal Charitable Deduction

4 Two Representatives Continue to Advocate an Above-the-Line Universal Charitable Giving Deduction

5 – New York’s Agreement with PayPal Charitable Giving Fund Continue…