Equitable Taxation
Stanford Social Innovation Review
AUGUST 13, 2024
By Paolo de Renzio An excerpt from A Taxing Journey on ways civic actors can help close country-level tax loopholes
Taxation Related Topics 
BDO’s Rebekuh Eley Appointed to AICPA’s Exempt Organization Taxation Technical Resource Panel
BDO
JANUARY 20, 2015
BDO is pleased to announce that Rebekuh Eley, tax senior director in Chicago and a member of the Nonprofit & Education practice, has been appointed to serve as associate member on the American Institute of Certified Public Accountants (AICPA) Exempt Organization (EO) Taxation Technical Resource Panel (TRP).
Taxation 
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Legislative Update – March 22
MNA Association
MARCH 22, 2023
in Senate Taxation. The bill was heard in House Taxation and we await their decision. The bill will be heard in House Taxation on 03/24/2023. MNA will oppose and we encourage you to reach out to committee members. The bill will be heard 03/23/23 at 8:30 a.m. Please consider reaching out to the Committee in support.
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Congress Is Considering a Tax Bill That Doesn’t Restore the Expired Charitable Deduction. Let’s Change That.
Momentum Nonprofit Partners
JANUARY 19, 2024
billion over ten years, according to the Joint Committee on Taxation. ADDITIONAL CONTEXT Tax Committee Passes the Tax Relief for American Families and Workers Act of 2024 The House Ways and Means passed the Tax Relief for American Families and Workers Act of 2024 ( H.R.
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HOT OFF THE PRESS: A Golden Age of Philanthropy Still Beckons With a New $59 Trillion Target
iMarketSmart
JUNE 4, 2014
This estimate assumes that estate taxes would revert to 2001 taxation levels with a $1 million exemption after 2012. . “Our current estimate of wealth transfer for the 2% growth scenario is $58.1 trillion in 2007 dollars for the 55-year period from 2007 through 2061 – 12% greater than our original estimate [$40.6
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Understanding Unrelated Business Income in Nonprofits
The Charity CFO
SEPTEMBER 14, 2022
However, as detailed in Publication 598 of the Internal Revenue Service, income not directly related to their declared charitable purpose is subject to federal taxation. This is called the unrelated business income tax, or UBIT. So how do you know if your nonprofit organization has taxable unrelated business income?
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2023 Legislative Session: A Recap
MNA Association
JUNE 12, 2023
We successfully testified against six attempts to tax nonprofits, including property taxation of all healthcare organizations, unique taxes on nonprofit agricultural land, and the most perplexing of all, a bill that would charge unrelated business income tax on certain litigation expenses. Sadly, we saw more of this in 2023.
Tax Benefits Of Llc Vs. S Corp
Nonprofit Marketing Insights by GlobalOwls
FEBRUARY 1, 2023
Tax Benefits Of Llc Vs. S Corp You risk paying more taxes if you create an LLC without choosing S Corp taxation since you’ll automatically be taxed as a sole proprietorship. It may be quite cost-effective for you to choose S Corp taxation for your LLC. Some LLC owners choose S-corp taxation to reduce their self-employment taxes.
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52 Dr. Russell James’ Newest Textbook Giveaway
iMarketSmart
FEBRUARY 12, 2015
Russell James’ latest textbook: “ Visual Planned Giving: An Introduction to the Law & Taxation of Charitable Gift Planning.”. It’s an easy-to-understand, introductory book that addresses all of the major topics in planned giving law and taxation in plain english.
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Attract News Coverage for Your Cause: Free Online Advice, Today Noon ET (6/12)
Getting Attention
JUNE 12, 2012
Join me and Anne Singer , communications director at Citizens for Tax Justice and the Institute on Taxation and Economic Policy on Tuesday, June 12, at noon ET, to explore these questions and show you how to engage more supporters by increasing your media coverage.
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The Differences Between a 501(c)(3), 501(c)(4) and Other Tax Exemptions
NonProfit Hub
SEPTEMBER 8, 2015
It can engage in some political activity as long as that activity is not the primary purpose, however, those expenses might be subject to taxation. An organization may engage in some political activity as long as that activity is not the primary purpose, however, those expenses might be subject to taxation. Benefit Corporations.
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Why You Should Stop Emphasizing Tax Savings When Promoting Planned Gifts
iMarketSmart
MARCH 29, 2017
Related posts: >> eBook: The Law and Taxation of Charitable Gift Planning. >> Stop emphasizing tax benefits when you promote planned gifts. of the charitable estates in the U.S. will be non-taxable and most donors say that tax benefits are among the least influential factors in their decision making. LIKE THIS BLOG POST?
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Effective Tips to Help Make Your Payroll Processing Easier
Nonprofit Marketing Insights by GlobalOwls
FEBRUARY 9, 2021
Benefits taxation. Employees are responsible for paying these amounts to the government such as, Long-term-care benefits for the employees. Workers or work injury compensation. Other taxes that are not related to social insurance. Church tax. Solidarity surcharge. Capital assets tax. Termination of the working relationship.
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The Taxman Cometh, Part 1: The Downside of the 2017 Tax Bill for Nonprofits
The Agitator
MARCH 13, 2018
Specifically, the Joint Committee of Taxation estimates that 28 million fewer people will take a charitable deduction, falling from about 30% of taxpayers to about 5% of taxpayers. If the standard deduction is bigger than itemized, fewer people will itemize. This means fewer people will get any tax benefit from donating to charities.
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Oppose HB 391: Fees on Nonprofit Property
MNA Association
FEBRUARY 6, 2023
in House Taxation, Room 172. What you can do: 1) Most important, if you or someone in your circle has a relationship with a legislator on the House Taxation Committee , or is in that legislator’s district, please reach out today to ask for a “no” vote on this bill. Borrow as much of our language as you’d like.
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How Nonprofits Can Navigate Political Engagement and Maintain Public Trust
NonProfit Quarterly
NOVEMBER 12, 2024
Taxation with Representation of Washington , which held that the Section 501c3 prohibition of substantial lobbying was constitutional, concluding that an organization’s right to speak need not be subsidized. See Regan v.
BEPS 2. What are Pillar One and Pillar Two
Nonprofit Marketing Insights by GlobalOwls
JANUARY 18, 2024
Ensuring Fair Taxation: The overall goal of Pillar Two is to ensure that large MNEs pay a minimum level of tax on their income, irrespective of where they earn it. This is seen as a step towards fairer taxation and reducing inequality in tax burdens among different countries.
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2023 Montana Legislature: Week Two
MNA Association
JANUARY 14, 2023
MNA watches bills related to the nonprofit sector generally including Appropriations, Taxation, Charitable Giving, Workforce, Voting/Elections/Ballot Initiatives, Campaign Finance, and Lobbying. Revise Property Taxation of Nonprofit Organizations The draft of LC2300 was returned to the bill requester, Representative Essman (R) this week.
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Dr. Russell James’ Newest Textbook Giveaway
iMarketSmart
FEBRUARY 12, 2015
Russell James’ latest textbook: “ Visual Planned Giving: An Introduction to the Law & Taxation of Charitable Gift Planning.”. It’s an easy-to-understand, introductory book that addresses all of the major topics in planned giving law and taxation in plain english.
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5 Benefits of Setting up an Offshore Corporation
Nonprofit Marketing Insights by GlobalOwls
JUNE 18, 2022
It could also mean that you pay a low or nil effective rate of taxation when used as a holding company for receiving dividend income. Incorporating an offshore company often puts you in a “tax neutral” spot. This simply means that you are tax-exempt in the company of your incorporation.
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52 What to do instead of the crusty old estate planning seminars you run hoping to generate planned gifts?
iMarketSmart
APRIL 1, 2016
Recommendations. >> 10 Ways to Deliver Value to Your Major Donors and Planned Giving Prospects. >> Visual Planned Giving eBook: An Introduction to the Law & Taxation of Charitable Gift Planning by Dr. Russell James J.D., Rather, everyone likes to think about the future! LEAVE YOUR COMMENTS BELOW AND/OR SHARE IT! Tweet this!
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One month to go
MNA Association
APRIL 13, 2023
You can message the committee by choosing (H) (H) Taxation on this form. HB906 – Revise laws related to agricultural property taxation HB906 proposes that – to be eligible for an agricultural property tax rate – the owner of a parcel of 160 acres or more must be eligible for Farm Service Agency payments.
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52 Now Available: Dr. Russell James’ Visual Planned Giving Textbook, Updated for the 2018 Tax Law
iMarketSmart
JANUARY 17, 2018
Specifically designed for fundraisers seeking to expand their knowledge about charitable gift planning, here’s a quick snapshot of the great information included: An easy-to-understand introductory book that addresses all of the major topics in planned giving law and taxation, written in plain English.
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2023 Montana Legislature: Week One
MNA Association
JANUARY 9, 2023
MNA’s primary focus is on bills related to the nonprofit sector generally including Appropriations, Taxation, Ballot initiatives, Voting/Elections, Campaign Finance, and Lobbying. We are still sorting through the more than 4400 bill draft requests, of which just 336 have been introduced.
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4 forces primarily responsible for making people charitable
iMarketSmart
AUGUST 30, 2017
Skepticism about the government’s involvement in people’s economic lives – Brooks wrote that politicians and a significant number of people take credit for being charitable without spending their own money because they, instead, support policies of income distribution through taxation and this affects their private giving.
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Will Their Flag Decals Get Them Into Heaven? *
The Agitator
NOVEMBER 13, 2017
Under current law political donors to ‘independent’ political action committees can give unlimited amounts of campaign money, but they cannot take a charitable tax deduction.
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Top 10 Free Resources Thanks To Dr. Russell James
iMarketSmart
MAY 12, 2020
The course was created for fundraisers and financial advisors seeking bite sized nuggets of wisdom to expand their knowledge about charitable gift law and taxation. This series of video lectures covers everything there is to know about the law and tax aspects of charitable gift planning.
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59 Wisdom on fundraising during a downturn
Nonprofit Marketing Blog
DECEMBER 10, 2008
This is a very nice provision that allows you to avoid taxation and still claim the donation, so it’s kind of a double tax advantage.&#. Normally if you withdraw money from your IRA you pay a tax, whatever tax bracket you’re in that year. And of course if you donate it, you claim that tax donation.
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Of Myths and Markets: Moving Beyond the Capitalist God That Failed Us
NonProfit Quarterly
APRIL 19, 2023
But when they write, “The inequality capitalism creates can be readily remedied through progressive taxation” (400) on the very same page where they discuss Thomas Piketty , it would appear that perhaps they haven’t read Piketty carefully enough.
Donor-advised Funds Are Misunderstood, Bound to Be Regulated, and Not Going Anywhere
iMarketSmart
JANUARY 20, 2020
TRA69 brought to fruition: 4% tax on investment income (reduced to 2% in 1978) 5% minimum distribution of income Limit of 20% ownership of the stock holdings of a business Prohibition on the attempt to influence legislation or elections Taxation on unrelated business income Prohibitions on “self-dealing”; officers and donors could not benefit financially (..)
Navigating Business Frontiers: Unveiling Cyprus Company Formation and the Expertise of Financial Tech Lawyers
Nonprofit Marketing Insights by GlobalOwls
SEPTEMBER 5, 2023
Fintech lawyers are highly trained and experienced in advising on complex matters such as: Company formation; Taxation; Securities regulation; Anti-money laundering compliance; The best way to find out if a particular lawyer is right for your needs is by asking them direct questions about their experience and expertise.
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Nonprofit Isn’t the Only Option: Benefit Corporations, B Corps and More
NonProfit Hub
SEPTEMBER 21, 2015
Limited Liability Company : This category is not a corporation, but instead a business structure that provides the taxation status of a partnership or sole proprietorship with the limited liability of a corporation. It provides basic protection of shareholders and is a separate legal entity from the owners.
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Nonprofit Budgeting Basics for Fraternities & Sororities
Top Nonprofits
DECEMBER 16, 2022
As a 501(c)(7) social club , your fraternity or sorority is exempt from federal taxation, similar to a 501(c)(3) nonprofit organization. Let’s review the qualities of a winning budget, the components you should include, and how to leverage your budget to seamlessly manage your fraternity or sorority.
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5 Actionable Ways to Prevent Profit Leaks
NonProfit Hub
APRIL 27, 2018
The right provider can also help manage special taxation issues for nonprofits in addition to funds allocation for better visibility and accuracy. Compliance is a huge job, especially if there’s only one person trying to keep up with ever-changing laws. Data-mine your finance history.
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Why Tax Deductions for Major Gifts Matter to Wealthy Donors
iMarketSmart
OCTOBER 12, 2022
The Law and Taxation of Charitable Gift Planning: An Online Series presented by Dr. Russell James. James and others, and to sharpen your skills and become a story-based major gifts fundraising master, check out Donor Story: Epic Fundraising , the major gifts fundraising course based on Dr. Russell James’ research. Related Resources.
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How to Lower the ‘Cost’ of Philanthropy So Your Supporters Donate Major Gifts of Assets
iMarketSmart
APRIL 4, 2022
Visual planned giving in color: An introduction to the law & taxation of charitable gift planning. Laura Hansen Dean is Senior Director – Gift Design and Documentation at the University of Texas at Austin. [2] 2] Adapted from conversations with Byron Kennedy, Vice President for University Advancement at Texas Tech University. [3]
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How to Restore Community Economies: Reestablishing the Right to Associate
NonProfit Quarterly
NOVEMBER 13, 2024
Our reigning frameworks for taxation and securities don’t enable the kinds of association required. The reason we don’t have large-scale mutualism popping off everywhere is not that people don’t want it. Rather, policy prevents it in often subtle ways.
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How Communities Around the World Are Connecting Social Isolation and Health
Stanford Social Innovation Review
DECEMBER 6, 2023
On the broadest level, national government income policies on taxation or benefits can influence how much someone can take part in activities such as traveling to see friends or family or enjoying leisure pursuits. Transportation connects people with friends, family, passions, and pastimes.
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What Supreme Court’s ‘Chevron’ Decision Means To Nonprofits
The NonProfit Times
JULY 17, 2024
In rare cases, especially in areas of complexity such as in the taxation of estates and trusts, Congress authorizes Treasury and the IRS to issue so-called “legislative” regulations which normally have the legal effect of a statute. The validity of such regulations is almost always granted strong legal deference under a Chevron analysis.
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Why You Should Focus Your Fundraising Efforts on Generating Gifts of Wealth (from Assets) Not on Disposable Income (from Credit Cards, Checks, or Cash)
iMarketSmart
APRIL 11, 2022
Visual planned giving in color: An introduction to the law & taxation of charitable gift planning. Using donor images in marketing complex charitable financial planning instruments: An experimental test with charitable gift annuities. Journal of Personal Finance , 18(1), 65-73. [19] 19] For details, see James, R. Version 5.1.
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Finally, the questions you should ask that have been proven to lead to gifts from wealth
iMarketSmart
JANUARY 30, 2023
Visual planned giving: An introduction to the law and taxation of charitable gift planning. Complex plans allow a sale with no taxes where the donor keeps the right to payments from the asset. For details of all of the options listed here see James, R. link] [2] The donor can get tax benefits without changing the portfolio.
Meet the New Global Tax Haven, the United States
NonProfit Quarterly
DECEMBER 14, 2022
As the company website details, “a South Dakota Dynasty Trust is a very powerful planning tool that preserves family wealth over generations, allowing a trust to live in perpetuity (forever), therefore never subjecting the assets to federal estate taxation through a forced distribution.”
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Looking for Tax Money in All the Wrong Places: Structural Racism at the IRS
NonProfit Quarterly
APRIL 19, 2023
As with most injustices in our economic and political systems, regressive taxation has hit BIPOC and low-income Americans the hardest. Toward a More Just Tax System Beyond intervening to change the audit protocols, there is a desperate need to replace current regressive tax collection practices with a more just system.
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“Educational Purposes”: Nonprofit Land as a Vital Site of Struggle
NonProfit Quarterly
JULY 26, 2023
Because higher education institutions provide the public good of education to surrounding communities, their property holdings are exempt from taxation in all 50 states. Colleges, universities, and their medical centers are registered with the Internal Revenue Service as 501(c)(3) charitable nonprofit organizations.
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