Monthly Archives

June 2012

501(c)(3)
June 23, 2012

Chart for Types of Tax-Exempts; Discussion of Private Foundations

    Chart of Tax-Exempt Organizations http://www.muridae.com/nporegulation/documents/exempt_orgs.html   Internal Revenue Manual Discussion of Private Foundations http://www.irs.gov/irm/part7/irm_07-026-003.html    
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Conduit Bonds
June 21, 2012

Conduit Bonds law review

See Fordham Law Review article on Conduit Bonds: http://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=4492&context=flr    
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Conduit Bonds
June 21, 2012

FASB Staff Position 126-1 Clarifies the Definition of a Public Entity

This FASB Staff Position (FSP) clarifies the definition of a public entity in certain accounting standards to include entities that are conduit bond obligors for conduit debt securities that are traded in a public market. This FSP amends APB Opinion No. 28, Interim Financial Reporting; FASB Statements No. 69, Disclosures…
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Donations to Municipalities
June 19, 2012

Tax Deductible Donations to Municipalities

Government entities are frequently asked to provide a tax-exempt number or “determination” letter to prove its status as a “tax-exempt” or charitable entity. For example, applications for grants from a private foundation or a charitable organization generally require this information as part of the application process. In addition, donors frequently…
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Conduit Bonds
June 5, 2012

Conduit Municipal Bonds Promote Public/Private Partnerships

Hybrid profit/non-profit enterprises may be the new model for public/private joint enterprise. A low profit, limited liability (“L3C”) company and a Benefit Corporation, defined only slightly differently, are new legal structures which provide for profit-plus-social enterprise. The Internal Revenue Code (“IRC”) offers new regulations meant to guide persons investing in…
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