The Revenue Act of 1913, also known as the Underwood Tariff Act, established the federal income tax exemption for business leagues. This exemption continues today in Section 501(c)(6) of the [...]
Corporate sponsorship generally is a beneficial arrangement for the charities, think tanks, and other tax-exempt organizations, as well as the corporations sponsoring them. Generally, the [...]
The California Department of Justice, Office of the Attorney General, recently released an Audit of Donor Advised Fund (DAF) sponsors registered with its office. The OAG fund the Audit necessary [...]
The Fine Line Between Permissible Education and Campaigning Activities by Charitable Organizations
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Charitable organizations, such as think tanks, which work on the border between education and politics, may have tax-exempt status under 501(c)(3) of the Internal Revenue Code (IRC). Those [...]
Charitable organizations are exempt from federal taxes under Internal Revenue Code (IRC) §501(c)(3) if they meet certain requirements. First, the organization must be organized and operated [...]
Political action committees (PACs) and super PACs are increasingly important and influential forces in local, state, and federal elections. Organizations that wish to engage in political [...]
The State of California Department of Justice (DOJ) issued proposed regulations to implement the new charitable crowdfunding law, Assembly Bill No. 488, on May 27, 2022. This bill places [...]
California’s deadline for small businesses to either participate in the CalSavers Retirement Savings Program or offer their own retirement plans for their employees is upon us. The three-year [...]
While both social welfare organizations and charitable organizations enjoy tax-exempt status under the Internal Revenue Code (IRC), that status originates from different sections of the IRC. As a [...]
CA Attorney General Announces Stipulated Judgment Against Nonprofit that Violated Charitable Trust Laws
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California Attorney General Rob Bonta recently announced that the state had entered into a Stipulated Judgment against ZeroDivide and its directors and officers. The settlement arose from a suit [...]