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Lead Stories
Receiver in Ponzi Scheme May Sue School to Recover Gifts
School received more than $1.1 million from partnership and intervening foundation
Corporation Is Not Successor To Unincorporated Association
Court says attempt to incorporate association is invalid without adequate notice, unanimous consent of members
Court Refuses to Reform Will To Create CRAT and Save Taxes
Attorney, not told the extent of the donor’s estate, followed instructions to draft simple, inexpensive instrument
Ready Reference
IRS Announces One-Time Relief For Small Nonprofits Failing to File
Deadline extended until October 15 to retain exempt status automatically lost by not filing tax returns
To the Point
Should the suggested donation be considered a charitable contribution or should we treat it as a quid pro quo donation?
We run a free medical clinic but are considering the potential of charging patients. As a first step we may ask patients for suggested donations when serving them with medical care. We would not require a donation for service. Should the suggested donation be considered a charitable contribution or should we treat it as a quid pro quo donation?
Lessons from Litigation
Tax Matters