{"title":"Case Illustrates When Reliance on Professional Advice is Not Reasonable","authors":"","doi":"10.1002/npc.30924","DOIUrl":"10.1002/npc.30924","url":null,"abstract":"<p>An individual, with others, organized and operated a for-profit business by the name of Cash Management Systems. CMS sold and promoted “tool plans”—arrangements by which employers reclassify some of their employees' pay as “reimbursements” for tools the employees own and use on the job. The purpose of these plans is to enable employers to avoid substantial employment taxes. Pursuant to these plans, employers divide employee pay between wages and reimbursements, according to a proprietary formula owned by CMS. CMS charged fees to administer tool plans on behalf of its employer/clients.</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88870424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"IRS Inventories Expiring Charitable Tax Benefits","authors":"","doi":"10.1002/npc.30925","DOIUrl":"10.1002/npc.30925","url":null,"abstract":"<p>In a September 17 press release, the IRS reminded individuals and businesses of tax benefits, involving charitable contributions, that are expiring at the end of 2021 (IR-2021-190). These temporary tax law changes originated with the Coronavirus Aid, Relief, and Economic Security (CARES) Act and were extended by the Taxpayer Certainty and Disaster Tax Relief Act of 2020.</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73348639","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Recent IRS Private Letter Rulings","authors":"","doi":"10.1002/npc.30923","DOIUrl":"https://doi.org/10.1002/npc.30923","url":null,"abstract":"","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92371003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Excess Benefit Transaction Not Found","authors":"","doi":"10.1002/npc.30919","DOIUrl":"10.1002/npc.30919","url":null,"abstract":"<p>The IRS issued three rulings in conjunction with the restructuring of a public charity, including a finding that transactions between the organization and an affiliated entity will not result in excess benefit transactions (Priv. Ltr. Rul. 202133014).</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83560986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Private Foundations' Uses of DAFS","authors":"","doi":"10.1002/npc.30926","DOIUrl":"10.1002/npc.30926","url":null,"abstract":"<p>One of the provisions of the Accelerating Charitable Efforts Act (summarized in the August 2021 issue) would prevent private foundations from using grants to donor-advised funds to qualify for their mandatory payout requirement.</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83533851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Once Again: Individuals Cannot Sue to Revoke Tax Exemption","authors":"","doi":"10.1002/npc.30903","DOIUrl":"10.1002/npc.30903","url":null,"abstract":"<p>The US Court of Appeals for the Fourth Circuit, by decision dated July 12, held, among other outcomes, that an individual does not have standing to challenge an organization's tax-exempt status as a charitable entity (<i>Allen</i> v. <i>Beirich et al</i>.).</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83717484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pastor Fails to Qualify for Self-Employment Income Tax Exemption","authors":"","doi":"10.1002/npc.30902","DOIUrl":"10.1002/npc.30902","url":null,"abstract":"<p>The US Court of Federal Claims, by decision dated July 7, held that a pastor failed to qualify for exemption from self-employment income taxes because he did not, indeed could not, comply with the requirement to file an application for the exemption (<i>Arensmeyer</i> v. <i>United States</i>).</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89520429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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