Charitable organizations must abide by certain rules in order to solicit contributions in New York. Effective March 21, 2019, there will be two new requirements for charities engaging in solicitation. While the changes are minor, charitable organizations soliciting in New York will need to make adaptations to their solicitations to comply with these rules.
The late, great Yogi Berra summed up the effects of inflation when he famously said, “A nickel ain’t worth a dime anymore!” Although inflation can be detrimental to your pocketbook, certain annual inflation adjustments to many federal tax provisions benefit taxpayers by allowing the tax laws to keep pace with inflation.
A recent United States Court of Appeals for the Eighth Circuit decision against UnitedHealth Group (“United”) regarding a health plan overpayment recovery practice known as “cross-plan offsetting” has generated concerns for employers with self-insured group health plans.
The early ‘70s saw a spate of so-called “disaster movies,” which involved burning skyscrapers, dysfunctional airports and, perhaps the most memorable of all, a cruise ship hit by a mammoth rogue wave that turned the ship over, forcing the passengers to make their way up to the hull.
In the waning days of 2018, the IRS released final regulations on the new partnership audit rules under the Bipartisan Budget Act of 2015 (BBA). While these rules are typically thought of in the for-profit context, they can have a significant impact on exempt organizations whose investment portfolios include alternatives.
