{"title":"Status of American Health Care Act","authors":"","doi":"10.1002/npc.30940","DOIUrl":"https://doi.org/10.1002/npc.30940","url":null,"abstract":"","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74050596","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":"The Year Ahead: Major Tax Changes for Nonprofits in 2022","authors":"Eric Lyerly","doi":"10.1002/npc.30938","DOIUrl":"https://doi.org/10.1002/npc.30938","url":null,"abstract":"","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85938150","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":"Supreme Court's Same‐Sex Marriage Opinion and Its Implications","authors":"","doi":"10.1002/npc.30939","DOIUrl":"https://doi.org/10.1002/npc.30939","url":null,"abstract":"","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77616452","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":"Tax Reform Legislation Signed Into Law","authors":"","doi":"10.1002/npc.30941","DOIUrl":"https://doi.org/10.1002/npc.30941","url":null,"abstract":"","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77398699","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}
Bloomberg Law's Daily Tax Report, on April 5, drew attention to an article in the April 3 issue of Health Affairs journal, finding that nonprofit (and government) hospitals are providing lower levels of charity care than for-profit hospitals. Using 2018 Medicare hospital cost reports, the Health Affairs authors compared charity care provision across 2,709 nonprofit hospitals, 1,024 government hospitals, and 930 for-profit hospitals. Nonprofit hospitals are said to have spent $2.30 of every $100 in total aggregate expenses incurred for charity, while the charity care expenses for government hospitals was $4.10/$100 and for for-profit hospitals was $3.80/$100.
{"title":"Charity Care Debate Flares","authors":"","doi":"10.1002/npc.30937","DOIUrl":"https://doi.org/10.1002/npc.30937","url":null,"abstract":"<p>Bloomberg Law's <i>Daily Tax Report</i>, on April 5, drew attention to an article in the April 3 issue of <i>Health Affairs</i> journal, finding that nonprofit (and government) hospitals are providing lower levels of charity care than for-profit hospitals. Using 2018 Medicare hospital cost reports, the <i>Health Affairs</i> authors compared charity care provision across 2,709 nonprofit hospitals, 1,024 government hospitals, and 930 for-profit hospitals. Nonprofit hospitals are said to have spent $2.30 of every $100 in total aggregate expenses incurred for charity, while the charity care expenses for government hospitals was $4.10/$100 and for for-profit hospitals was $3.80/$100.</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137701496","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}
It is hard to believe that an underfunded and understaffed IRS, already devoting considerable enforcement resources in the charitable context with focus on syndicated conservation easements, has the capacity to meaningfully crack down on what appears to be immense tax evasion in the virtual currency setting. But recent developments indicate that the IRS is doing just that.
{"title":"Virtual Currency Tax Evasion: IRS Moving in the Charitable Area","authors":"","doi":"10.1002/npc.30931","DOIUrl":"https://doi.org/10.1002/npc.30931","url":null,"abstract":"<p>It is hard to believe that an underfunded and understaffed IRS, already devoting considerable enforcement resources in the charitable context with focus on syndicated conservation easements, has the capacity to meaningfully crack down on what appears to be immense tax evasion in the virtual currency setting. But recent developments indicate that the IRS is doing just that.</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137701506","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}
The Tax Court of New Jersey, by decision dated March 4, held that an administrative office building owned by a religious and charitable corporation is entitled to real estate tax exemption because the office operations directly further the entity's exempt purposes (Ocean Grove Camp Meeting Association of the United Methodist Church v. Township of Neptune).
新泽西州税务法院在3月4日的一项裁决中认为，由宗教和慈善公司拥有的行政办公大楼有权享受房地产税豁免，因为该办公室的运作直接促进了该实体的免税目的(联合卫理公会教会Ocean Grove Camp Meeting Association of The United Methodist Church v. Township of Neptune)。
{"title":"Administrative Office of Religious Organization Held Eligible for Real Estate Tax Exemption","authors":"","doi":"10.1002/npc.30930","DOIUrl":"https://doi.org/10.1002/npc.30930","url":null,"abstract":"<p>The Tax Court of New Jersey, by decision dated March 4, held that an administrative office building owned by a religious and charitable corporation is entitled to real estate tax exemption because the office operations directly further the entity's exempt purposes (<i>Ocean Grove Camp Meeting Association of the United Methodist Church v. Township of Neptune</i>).</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137701505","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}
A nonprofit organization was established to provide education related to “health, balanced, effective living, and happiness in the form of one-on-one counseling, public lectures and seminars for established groups, including churches, yoga centers, fitness centers, health food stores, and bookstores.” During this entity's initial years of operations, it will primarily fund the continuing education of its founder, president, and director, who is engaged in full-time studies at an institution to become certified in a health care profession. This funding will encompass airfare and other transportation, an apartment and furnishings, tuition, school supplies, and training seminars. Plus, this individual will be paid a salary while studying.
{"title":"How's This For Private Inurement?","authors":"","doi":"10.1002/npc.30934","DOIUrl":"https://doi.org/10.1002/npc.30934","url":null,"abstract":"<p>A nonprofit organization was established to provide education related to “health, balanced, effective living, and happiness in the form of one-on-one counseling, public lectures and seminars for established groups, including churches, yoga centers, fitness centers, health food stores, and bookstores.” During this entity's initial years of operations, it will primarily fund the continuing education of its founder, president, and director, who is engaged in full-time studies at an institution to become certified in a health care profession. This funding will encompass airfare and other transportation, an apartment and furnishings, tuition, school supplies, and training seminars. Plus, this individual will be paid a salary while studying.</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137701497","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}
The IRS approved a private foundation's set-aside program, reflecting the “tremendous impact the COVID 19 shutdown” in a state “has had on all current construction projects” (Priv. Ltr. Rul. 202053017). The purpose of the requested set-aside “is to ensure that these projects will be properly managed, monitored and brought to a satisfactory and quality conclusion in a successful and timely manner.” The foundation asserted it would not be prudent to pay the contractors the total amount prior to the completion of the entire job.” It observed that, due to the pandemic, the “timelines for when these projects will be completed is uncertain.” The final successful argument was that this set-aside approach will allow the foundation to “maximize control over the projects, with the goal of a achieving a better and successful result.”
{"title":"Pandemic Provides Basis for Successful Set-Aside Requests","authors":"","doi":"10.1002/npc.30933","DOIUrl":"10.1002/npc.30933","url":null,"abstract":"<div>\u0000 <p>The IRS approved a private foundation's set-aside program, reflecting the “tremendous impact the COVID 19 shutdown” in a state “has had on all current construction projects” (Priv. Ltr. Rul. 202053017). The purpose of the requested set-aside “is to ensure that these projects will be properly managed, monitored and brought to a satisfactory and quality conclusion in a successful and timely manner.” The foundation asserted it would not be prudent to pay the contractors the total amount prior to the completion of the entire job.” It observed that, due to the pandemic, the “timelines for when these projects will be completed is uncertain.” The final successful argument was that this set-aside approach will allow the foundation to “maximize control over the projects, with the goal of a achieving a better and successful result.”</p>\u0000 </div>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/npc.30933","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90104185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The IRS announced, on March 30, that emergency financial aid grants made by higher education institutions, federal or state agencies, or other scholarship-granting organizations to students because of an event related to the COVID-19 pandemic are not included in the students' gross income (IR-2021-70).
{"title":"IRS Issues Guidance as to Pandemic-Related Aid Grants","authors":"","doi":"10.1002/npc.30935","DOIUrl":"10.1002/npc.30935","url":null,"abstract":"<div>\u0000 <p>The IRS announced, on March 30, that emergency financial aid grants made by higher education institutions, federal or state agencies, or other scholarship-granting organizations to students because of an event related to the COVID-19 pandemic are not included in the students' gross income (IR-2021-70).</p>\u0000 </div>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/npc.30935","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77732080","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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