Legal Updates for Nonprofits

New Rules for Charitable Contribution Deductions Under the CARES Act

March 27, 2020. Learn about the new $300 universal nonitemized “above the line” charitable deduction authorized in the wake of the coronavirus crisis.

New IRS Rules Require Electronic Filing of Form 1023

January 31, 2020. The IRS has revised Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, to require electronic filing. The Form 1023 instructions in the books How to Form a Nonprofit Corporation (14th edition) and How to Form a Nonprofit Corporation in California (18th edition) are not affected by these changes.

Form 1023-EZ Eliminates Earlier Effective Date Option

January 29, 2020. Nonprofits that want to request an earlier effective date for their tax exemption than the date of their exemption application can no longer use Form 1023-EZ. The books How to Form a Nonprofit Corporation (14th edition) and How to Form a Nonprofit Corporation in California (18th edition) are not affected by these changes.

What Constitutes a Quid Pro Quo or Token Gift for Charitable Contributions?

January 1, 2019. There's no need to tell donors to subtract out the value of return gifts to them that were merely "token" items--but how much is that?

IRS Releases New Form 1023

January 19, 2018. Application for Recognition of Exemption Under Section 501(c)(3)

IRS Revises Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3)

January 19, 2018. The IRS has made changes to Form 1023-EZ application.

The Tax Cuts and Jobs Act: Key Changes for Nonprofits

January 1, 2018. Here are some of the most important changes for nonprofits under the new tax law.

What Constitutes a Quid Pro Quo or Token Gift for Charitable Contributions?

January 1, 2019. There's no need to tell donors to subtract out the value of return gifts to them that were merely "token" items--but how much is that?