Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as 'Uncategorized'

Extended Due Date for Notification by Social Welfare Organizations of Intent to Operate

January 20th, 2016 · Comments Off on Extended Due Date for Notification by Social Welfare Organizations of Intent to Operate · Federal Income Taxes, Uncategorized

Social welfare organization must provide a notification to the IRS of their intent to operate.  This notification requirement is found in new Section 506, which was added to Internal Revenue Code by the Protecting Americans from Tax Hikes Act of 2015 (the “PATH Act”) which was enacted on December 18, 2015. Under the PATH Act: […]

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Representing Non-Profit Organizations: Ethics Considerations and Rules of Professional Conduct – Program Materials

February 11th, 2015 · Comments Off on Representing Non-Profit Organizations: Ethics Considerations and Rules of Professional Conduct – Program Materials · Uncategorized

Thursday, February 12, 2015, 10:00 am to 12:00 am Presentation: Representing Non-Profit Organizations: Ethics Considerations and the Rules of Professional Conduct, Conference Call for Nonprofit Organizations Committee of State Bar of Bar California Nonprofit Organizations Committee. The call in number is 855-520-7605 and the conference code is 7547908615. For materials, please see the following link.

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Flexible Purpose Corporations and Benefit Corporations – Resources

February 8th, 2012 · Comments Off on Flexible Purpose Corporations and Benefit Corporations – Resources · California nonprofit law, Uncategorized

Two new corporate entities in California became possible because of legislation sign in October, 2011; the new entities exist as of January 1, 2012. Flexible Purpose Corporations were enacted into law with SB 201.  See the following link. Benefit Corporations were enacted into law with AB 361.  See the following link. These new entities have […]

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Tribute to R. Bradbury (Brad) Clark

September 6th, 2011 · Comments Off on Tribute to R. Bradbury (Brad) Clark · Uncategorized

R. Bradbury (Brad) Clark, a valued Life Member of the State Bar of California Business Law Section Nonprofit Organizations Committee, passed away on July 13 at age 87.   The Nonprofit Organizations Committee and the Tax Section’s Tax-Exempt Organizations Committee have adopted a Joint Resolution as a tribute to our friend and colleague.   Please see the […]

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Franchise Tax Board Guidance – Technical Advice Memorandum 2011-14 (Exemption/Lack of Records; Revivor; Payment of Taxes; Information Returns; Minimum Franchise Tax).

August 31st, 2011 · Comments Off on Franchise Tax Board Guidance – Technical Advice Memorandum 2011-14 (Exemption/Lack of Records; Revivor; Payment of Taxes; Information Returns; Minimum Franchise Tax). · Uncategorized

At the recent meeting of the Business Law Section Nonprofit Organizations Committee, Ron Maddox reviewed Technical Advice Memorandum 2011-14.  The questions are stated below and with summary answers.  The full memorandum is available on the FTB website at the following link. 1.  May the Franchise Tax Board (FTB) grant an exemption from California franchise or […]

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State Approval of Nonprofit Board Member Compensation

July 7th, 2011 · Comments Off on State Approval of Nonprofit Board Member Compensation · Uncategorized

The Massachusetts Senate on June 20, 2011 has passed a bill (H3516) that requires public charities to obtain state approval before compensating nonprofit board members.  Lawmakers must reconcile the Senate bill with a House version. The events leading to this legislation started with newspaper articles that questioned the compensation paid to nonprofit health care executives.  […]

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Franchise Tax Board Comments: Exemption of Title Holding Companies; Proposition 26 and Conformity Legislation; Form 199-N

May 16th, 2011 · Comments Off on Franchise Tax Board Comments: Exemption of Title Holding Companies; Proposition 26 and Conformity Legislation; Form 199-N · Uncategorized

The following is an excerpt from minutes of the January 18, 2011 joint meeting of the Nonprofit and Unincorporated Organizations Committee of the Business Law Section and the Exempt Organizations Committee of the Tax Section of the State Bar of California: Ms. Rosen introduced Diane Deatherage, Program Specialist II, from the Franchise Tax Board, and […]

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1099 Repeal Legislation

April 15th, 2011 · Comments Off on 1099 Repeal Legislation · Uncategorized

Wonderful news this April 15, 2011! President Obama on April 14 signed the Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011 (HR 4).   This Act repeals an objectionable Form 1099 reporting requirement.   This former record-keeping provision was included in the Patient Protection and Affordable Care Act (P.L. 111-148).  It […]

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Charities Regulators Conference at Columbia Law School

April 13th, 2011 · Comments Off on Charities Regulators Conference at Columbia Law School · Uncategorized

On March 24-25, 51 charities regulators from 35 states gathered at Columbia Law School for a conference: At the Intersection of Technology, the Charitable Sector and State Regulators, co-sponsored by the Charities Regulation and Oversight Project of the National State Attorneys General Program and the National Attorneys General Training & Research Institute (NAGTRI).  The conference was […]

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Attorney General Comments: Commercial Coventurers; Good Standing and RRF-1/Tax Return Compliance; Corporation Code Section 5227

April 8th, 2011 · Comments Off on Attorney General Comments: Commercial Coventurers; Good Standing and RRF-1/Tax Return Compliance; Corporation Code Section 5227 · Uncategorized

The following is another excerpt from minutes of the January 18, 2011 joint meeting of the Nonprofit and Unincorporated Organizations Committee of the Business Law Section and the Exempt Organizations Committee of the Tax Section of the State Bar of California: Ms. Cherie Evans introduced Kelvin Gong, Supervising Deputy Attorney General, Registry of Charitable Trusts, […]

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