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Investment Activities Could Trigger Taxes for Nonprofits |
October 1, 2009
Previously published on September 2009
Investment activities that are common for most taxpayers may create complications for taxexempt entities. The United States Court of Federal Claims recently determined that two charitable trusts were liable for income taxes on profits derived from securities they purchased on margin. The Henry E. and Nancy Horton Bartels Trust v. United States, 104 AFTR 2d 2009-5117 (Fed. Cl. 2009). The decision reinforces the need for exempt organizations to carefully consider the tax implications of their financial management.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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