February 13, 2021

Nonprofit

1. Unrelated Business Taxable Income The purpose of this article is to explain developments in the area of unrelated business income (“UBI”) and the unrelated business income tax (“UBIT”). This article focuses on important court decisions. The decisions have been grouped, for the most part, into three perennial areas of controversy: social clubs, advertising, and

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July 24, 2020

Nonprofit

When business owners want to give back to their community and support their philanthropic values, they sometimes ask me how much it costs to start a tax-deductible charitable donation. This article summarizes the costs (as of 2020) to creating your own 501(c)(3) nonprofit organization. What are the costs to set up a 501(c)(3) nonprofit organization?

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September 24, 2019

Nonprofit

1. Taxation of Revoked Tax-Exempt Organizations: the Synanon Case When attorney Paul Morantz discovered the hard way that a four-foot rattlesnake was residing in his mailbox one day in October 1978, he had more pressing concerns than to wonder about the possible income tax implications of the event. Although he immediately might have suspected that

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August 16, 2019

Nonprofit

What is a Merger of a Nonprofit Organization? In this video, you get answers to these questions: What is a merger of a nonprofit organization? What is a nonprofit organization? What would be an example of a nonprofit organization? Who owns a nonprofit organization? What is a 501(c)(3) organization? Can you receive donations as a

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November 13, 2018

Nonprofit

Guide for Charity Board Members This Guide is provided by the Minnesota Attorney General’s Office to assist board members with the important responsibilities they assume when elected to a nonprofit corporation’s board of directors. It is only a guide and is not meant to prescribe exactly how board members must act in all situations. Each

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