TRUSTED ADVISORS TO NONPROFITS

Wagenmaker & Oberly provides legal counsel to NONPROFIT ORGANIZATIONS across the nation with offices in Chicago and Charleston.

WE VALUE

your mission, community, and time.

WE DELIVER

high-quality services, cost-efficient representation, and trust.

Helping Others Grow: The Nuts and Bolts of Fiscal Sponsorships

Has your nonprofit ever been involved with getting a new nonprofit activity launched through receiving funds for a specific project, allowing such funds to be spent for the project, and perhaps even seeing the project blossom into its own Section 501(c)(3) organization?   These arrangements are commonly known as “fiscal sponsorships.”  Fiscal sponsorships may take a variety of forms, but generally they involve innovation, some degree of control and supervision, and an accompanying agreement to address relationship details.  Here’s what responsible nonprofit leaders need to know about fiscal sponsorships, if their organization will serve as a fiscal sponsor or if they are the beneficiary recipients of such arrangements.

NONPROFIT LAW NEWSFEED

House Passes Tax Bill: What’s Next, and What You Should Do

Nonprofit Quarterly  Early Thursday afternoon, the US House of Representatives passed the GOP tax reform bill by a party line 227-205 vote Thirteen Republicans joined 192 Democrats in opposi

Updates for Tax-Exempt Organizations from the Senate Markup to the Tax Cuts and Jobs Act

The National Law Review  Over the last several days, there have been significant developments relating to the Tax Cuts and Jobs Act, the pending tax reform legislation in Congress On Thursda

Potential Impact of House Tax Reform Bill on Nonprofit Tax-Exempt Organizations

The National Law Review  On November 2, 2017, Republicans in the US House of Representatives unveiled their tax reform bill (the “Bill”), entitled the “Tax Cuts and Jobs Act” The Bill propos

IRS Revokes Hospital’s Tax Exemption

Accounting Today  The Internal Revenue Service revoked an unidentified hospital’s tax exemption in February for failing to conduct a community health needs assessment, in a sign of possible

Tax Reform Affects Exempt Organizations

Adler & Colvin Nonprofit Law Matters -  The House Ways and Means Committee on Thursday introduced its highly anticipated tax legislation, called the Tax Cuts and Jobs Act, which proposes

Attorney General Jeff Sessions Announces Department of Justice has Settled with Plaintiff Groups Improperly Targeted by IRS

Dept of Justice Press Release  Attorney General Jeff Sessions announced today that the Department of Justice has entered into settlements, pending approval by the district courts, in two cas

Ninth Circuit Tees Up Latest Challenge to Citizens United and McCutcheon

Blog of the Public Policy Legal Institute  Last night the U.S.

Attorneys General Step In to Police Bad Nonprofit Actors

Nonprofit Quarterly  Two lawsuits were filed this week by New Mexico Attorney General Hector Balderas against two nonprofits, Ayudando Guardians and Desert State Life Management, which exist

Michigan Property Tax Exemption for Charitable Institutions is Again Construed Broadly by the State Supreme Court

The National Law Review  Property owned and occupied by charitable institutions solely for their charitable purposes is exempt from Michigan property tax.

Lesson From Tax Court: The Downside of Easy Tax Exemption Approval

TaxProf Blog  These would seem to be fat times for organizations that want tax-exempt status.

House Passes Tax Bill: What’s Next, and What You Should Do

Nonprofit Quarterly  Early Thursday afternoon, the US House of Representatives passed the GOP tax reform bill by a party line 227-205 vote Thirteen Republicans joined 192 Democrats in opposi

Updates for Tax-Exempt Organizations from the Senate Markup to the Tax Cuts and Jobs Act

The National Law Review  Over the last several days, there have been significant developments relating to the Tax Cuts and Jobs Act, the pending tax reform legislation in Congress On Thursda