Nonprofit Law Matters

Matt Clausen

Posts by Matt Clausen

Reinstatement Reloaded: Revenue Procedure 2014-11 Provides Help for Organizations Whose Tax-Exempt Status Was Automatically Revoked

Posted in AG, IRS, FTB, & Property Tax Proceedings, Private Foundations, Public Charities, Unions, Associations, Clubs & Other Tax-Exempt Organizations

Since 2010, hundreds of thousands of tax-exempt organizations have lost their exempt status for failing to file the applicable return (Form 990, 990-PF, 990-EZ, or 990-N) three years in a row.  While exempt organizations of all types have been affected, many were smaller Section 501(c)(3) charities that never had an annual filing obligation prior to… Continue Reading

Some Restrictions Apply: Donating Restricted Stock

Posted in Charitable Gift Planning

Congratulations!  Your startup is finally going public/being acquired/experiencing some other “liquidity event,” and those shares you have been earning are actually going to be worth something!  Your taxable income is probably going to spike this year, and you may be thinking about offsetting it with a large donation to your favorite public charity.  Your most… Continue Reading