Nonprofit Law Matters

Jorge Lopez

Posts by Jorge Lopez

Board of Equalization Restructured: What You Need to Know

Posted in AG, IRS, FTB, & Property Tax Proceedings

On June 15, 2017, the California legislature passed Assembly Bill 102 (the “Bill”), which substantially restructures the State Board of Equalization (“BOE”), affecting two key functions most significantly:  (a) collecting and administering various state taxes and fees, and (b) administering tax appeals.  The Bill, largely a response to a scathing report by the California Department of… Continue Reading

PATH Act Provides Certainty Regarding Gifts to 501(c)(4), 501(c)(5) and 501(c)(6) Tax-Exempt Organizations and Makes Permanent Certain Tax “Extenders”

Posted in Charitable Gift Planning, Unions, Associations, Clubs & Other Tax-Exempt Organizations

On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (the “PATH Act”).  The PATH Act contains several provisions of note for tax-exempt organizations.  This post focuses on two:  (1) gift tax consequences of contributions to 501(c)(4), (c)(5), and (c)(6) organizations, and (2) permanent enactment of certain… Continue Reading

Mexico’s Anti-Money Laundering Law Affects U.S. Donors

Posted in Grantmaking & Social Investing, International Charitable Transactions & Operations, Private Foundations, Public Charities

A number of our clients have asked about Mexico’s Ley Federal para la Prevención e Identificación de Operaciones con Recursos de Procedencia Ilícita (Mexico’s Anti-Money Laundering statute or the “AMLL”), which became effective July 17, 2013.  The AMLL identifies specific transactions that require a Mexican entity that engages in these activities to identify and verify the identity… Continue Reading