The Nonprofit Organizations Committee seeks to advance the practices of nonprofit and professional associations law and to help ACC members working in these areas better serve their clients. Resources provided include information on taxes and best practices for working with nonprofit organizations.
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Upcoming Teleconference Meeting
Tuesday, December 10, 2013 at 3:00 PM ET, 8:00 PM GMT
Legal Quick Hit (Webcast presentation during the meeting)
Your Nonprofit Has Gone Global: Now What Are Your U.S. and Foreign Tax Compliance and Reporting Obligations?
A global reach is increasingly necessary for many, if not most, U.S.-based nonprofit organizations. There are a host of difficult and often conflicting issues that must be addressed to keep your nonprofit out of trouble. From hosting meetings, conferences and other events overseas, to hiring local representatives, to affiliating with foreign entities, to determining appropriate corporate and tax structures for overseas operations, to bringing foreign staff, students, grantees or others to the United States, there is no shortage of significant legal and tax issues and concerns that must be considered. In addition, being a U.S. nonprofit, tax-exempt entity does not relieve the organization from certain U.S. information reporting obligations, from being subject to VAT tax, from remaining subject to restrictions on what may transfer across international borders. This Legal Quick Hit, led by a Venable attorney with extensive experience in this area, will focus on U.S. and foreign tax planning and compliance for U.S. based nonprofit organizations. For any nonprofit operating, or contemplating operating, outside of U.S. borders, this is an invaluable Quick Hit you will not want to miss. Charles K. Kolstad, Esq., Of Counsel, Venable LLP
Recent Committee Developed Resources
May 2013 QuickCounsel
This QuickCounsel, which focuses on employee bonuses, examines various 501(c) organizations and the IRS's test of compensation as well as the prohibition on private inurement.
May 2013 Wisdom of the Crowd
This Wisdom of the Crowd, compiled from responses posted on the Nonprofit Organizations eGroup, addresses issues related to nonprofit board members paying to serve and potential conflicts with their ...
Nov 2012 QuickCounselSponsored by Venable LLP
This QuickCounsel will identify somebest practices to helpnonprofits select the insurance coverage they need and increase the effectiveness of those policies.