An NTEE code is a three-character series of letters and numbers that generally describes a type of organization. The new Form 1023 requires the 3-character NTEE Code that best describes the activities of the organization. Appendix D of the Instructions for Form 1023 contains a list of NTEE Codes. More information and a more detailed […]
Entries Tagged as 'Uncategorized'
National Taxonomy of Exempt Entities (NTEE) Code
December 29th, 2020 · Comments Off on National Taxonomy of Exempt Entities (NTEE) Code · exempt status, Form 1023, Uncategorized
Tags:classification·NTEE
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: […]
Tags:Exempt organizations·Notification Requirement·Section 506·tax-exempt status
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 […]
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 […]
Tags:Franchise Tax
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. […]
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 […]
Tags:Conformity legislation·Form 199-N·Franchise Tax Board·Title Holding Companies
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 […]
Tags:1099 Reporting
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 […]