April 1-15, 2010

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Lead Stories

Director’s Advances to Charity Lost in Bankruptcy

Court denies nearly $1 million in “loans” not documented and made without authority

Court Can’t Reduce Penalties On Nonprofits Filing Late Tax Returns

Tax Code gives courts no discretion to override amounts set by statutory formulas

Dissolved Foundation Lacks Standing to Contest Use of Gift

Court says grant did not create either constructive or resulting trust
To the Point