Document(s) published by this organization: 57
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|Appeals Procedures for Tax Court Cases|
Paul G. Topolka; Nexsen Pruet, LLC;
April 26, 2016, previously published on April 1, 2016The Internal Revenue Service (Service) on March 23, 2016, issued Revenue Procedure 2016-22 which clarifies and describes the practices for the administrative appeals process in cases docketed in the United States Tax Court (Tax Court).
|Quid Pro Quo: When a “Gift” is not a Gift|
Burnet R. Maybank, James P. Rourke; Nexsen Pruet, LLC;
April 26, 2016, previously published on April 8, 2016When it comes to properly documenting property and cash donations, most charities are well-versed with the IRS’ substantiation rules. But equally as important to those rules are the disclosure requirements regarding quid pro quo donations—that is, where the donor receives goods,...
|Tax Court to Exempt Orgs: Substantiate!|
James P. Rourke; Nexsen Pruet, LLC;
April 26, 2016, previously published on March 16, 2016While we’re not even three full months into 2016, the United States Tax Court already has decided two cases, which disallowed tax deductions for donors based on a tax exempt entity’s failure to properly substantiate those donations.
|Reminder about Political Activities of Nonprofits|
Suzanne G. Odom; Nexsen Pruet, LLC;
April 14, 2016, previously published on March 18, 2016The 2016 election season is red hot. So, now is the perfect time for a reminder about the political activity prohibitions applicable to public charities and private foundations.
|Freedom of Information Act Ruling|
Bob Coble; Nexsen Pruet LLC;
April 14, 2016, previously published on March 7, 2016A recent ruling regarding South Carolina’s Freedom of Information Act is one to note. It came on February 22 in DomainsNewMedia.com vs. Hilton Head Island-Bluffton Chamber of Commerce.
|Interested in a Crop-Share Lease?|
Jay R. Hoodenpyl; Nexsen Pruet, LLC;
March 21, 2016, previously published on March 14, 2016A cash land lease is a simple method of permitting one party to farm lands owned by another party. The tenant pays rent to the landowner, farms the land, and receives all of the income generated by the crop produced. For practical purposes the landowner takes no role in the tenant’s farming...
|There's Nothing Quite Like a Silver Platter: The EEOC's New Nationwide Procedures for Releasing Respondents' Position Statements Gratis|
Nikole Setzler Mergo; Nexsen Pruet, LLC;
March 18, 2016, previously published on March 10, 2016On Feb. 18, 2016, the Equal Employment Opportunity Commission (EEOC) issued its Nationwide Procedures for Releasing Respondent Position Statements and Obtaining Responses from Charging Parties, which are retroactive to all position statements submitted by employers to the EEOC on or after Jan. 1,...
|Another Win for Wellness: The Erosion of Voluntary Participation|
Suzanne G. Odom; Nexsen Pruet, LLC;
March 8, 2016, previously published on February 25, 2016Consider the following wellness program scenario: A company implements a program that incentivizes employees to take a health risk assessment and undergo biometric screening. The assessment asks questions about the individual’s medical history, diet, mental and social health, and job...
|Joint Employment Challenges Continue in 2016|
Molly Hughes Cherry; Nexsen Pruet, LLC;
February 18, 2016, previously published on February 10, 2016The legal concept of “joint employment” exists when a person is employed by two or more entities, such that the employers are responsible, individually and jointly, to the employee for compliance with a particular statute or regulation. While the legal theory is not new, the increased...
|The Consumer Financial Protection Bureau’s New Rule for Compliance with the Home Mortgage Disclosure Act|
Brooks F. Bossong; Nexsen Pruet, LLC;
February 12, 2016, previously published on January 29, 2016This past October 15th, the Consumer Financial Protection Bureau announced the purported finalization of its “new rule” for “updating the reporting requirements” under the Home Mortgage Disclosure Act HMDA.” The point of the CFPB”s new rule, as advertised by...