The 1998 Nonprofit Counsel Summaries
January 1998
-
UCC Case Finally Decided: Fund-Raising Company Held to be Insider, Private Inurement Found [United Cancer Council, Inc. v. Commissioner; but see April 1999 issue]
-
IRS Provides Relief For Certain Charitable Remainder Trusts [Notice 97-68]
-
Charitable Deduction Denied for Noncompliance With Appraisal Rules [Hewitt v. Commissioner]
-
Social Welfare Organizations and Political Organizations: A Commentary
February 1998
-
Associate Member Dues Held Taxable [TAM 9751001]
-
Reorganization Preserves Exemptions, Avoids Unrelated Income Taxation [PLR 9751020]
-
IRS Approves Consolidation of Exempt, Non-Exempt Entities [PLR 9750056]
-
IRS Issues Inflation Adjusted Items For 1998 [Rev. Proc. 97-57]
-
Joint Committee Staff Estimates Tax Expenditures [JCS-22-97]
March 1998
-
Private Inurement Not Found In Case of Insider Theft [Variety Club Tent No. 6 Charities, Inc. v. Commissioner]
-
Interfund Transfers Held Not Deductible in Computing UBTI [Women of the Motion Picture Industry v. Commissioner]
-
IRS Issues 1998 Procedural Rules
-
Documents As To Exempt Status Held Properly Withheld By IRS [Lehrfeld v. Richardson]
April 1998
-
Whole Hospital Joint Venture Ruling Issed [rev. Rul. 98-15]
-
Private Foundation's Grant to Donor-Advised Fund Approved [PLR 9807030]
-
Hospital-Sponsored Fitness Center Retains Exemption [TAM 9803001]
-
Executive's Overnight Stay at Foundation's Facilities Not Self-Dealing [PLR 9805021]
May 1998
-
The Whole-Hospital Joint Venture Ruling: Summary and Analysis [Rev. Rul. 98-15]
-
IRS Finds Violation of Rule Banning Political Campaign Activity [TAM 9812001]
-
IRS Issues Guidance on Gain Taxation From Remainder Trusts [Notice 98-20]
-
IRS Survey of Exempt Organization Practitioners Underway
June 1998
-
Where We Are: A Survey of Pending and Impending Developments
-
Travel and Tour Activities Proposed Regs Issued
-
IRS Finds Royalty Payments in Sublicensing Context [PLR 9816027]
-
Reasonableness of Compensation: An Important Case Plods Along [Leonard Pipeline Contractors, Ltd. v. Commissioner]
July 1998
-
Charitable Giving Data for 1997 Released
-
Grant That May Enhance Disqualified Person's Property Value Held Not Self-Dealing [PLR 9819045]
-
Retirement Proceeds to Charity Are Deductible and Are Income In Respect of a Decedent [PLR 9818009]
-
Gifts to Social Club Held Eligible for Gift Tax Annual Exclusion [PLR 9818042]
-
Gains From Sales of Timber Interests by Foundation Ruled Not Taxable [PLR 9815056]
August 1998
-
Be On Lookout for Intermediate Sanctions, Form 990 Dissemination, and Other Regulations
-
Religious Liberty and Charitable Donation Protection Act Becomes Law
-
Rental of Storage Facilities Held Unrelated Business [TAM 9821067]
-
Educational Organization Held Able to Sell Materials in Related Business [PLR 9821063]
-
Organization Conducting Contests Held to Receive Related Income, Excludable Rent, and Royalty Income [PLR 9821049]
-
Charitable Deduction for Debt Forgiveness Fails Because of Inadequacy of Underlying Obligation [Bond v. United States]
-
Private Foundations: Two Media Views
September 1998
-
Intermediate Sanctions Proposed Regulations Issued
-
Tax Court Finds Private Inurement in Hospital Assets Sale Case [Anclote Psychiatric Center, Inc. v. Commissioner]
-
IRS Restructuring Bill Signed Into Law
-
Education Savings Legislation Vetoed
October 1998
-
Intermediate Sanctions Proposed Regs: Impact on Health Care Organizations
-
Intermediate Sanctions Proposed Regs: Impact on Fund-Raising
-
Proposed Regulations Concerning State Tuition Programs Issued
-
The Religious Liberty and Charitable Donation Protection Act
November 1998
-
House Passes Tax Bill
-
Senate Committee Directs IRS to review Exemption for Fitness Organizations
-
Intermediate Sanctions Proposed Regs: The Rebuttable Presumption of Reasonableness
-
IRS Rules on Deductibility of Property Given Subject to Option [TAM 9828001]
-
Utah Charitable Solicitation Act Upheld Against Constitutional Law Challenge [American Target Advertising, Inc. v. Giani]
-
Distribution of Tickets to Shareholders Held Not to Be Private Inurement [TAM 9835001]
-
Changes in Activities Did Not Cause Loss of Exemption [TAM 9835003]
December 1998
-
105th Congress Passes Tax Legislation, Adjourns
-
Intermediate Sanctions Proposed Regs: Is IRS Overreaching?
-
Intermediate Sanctions Proposed Regs: Some Deficiencies
-
Retirement Proceeds to Foundation Not Taxable as Investment Income [PLR 9838028]
-
Health Care Joint Venture Held to be Related Activity [PLR 9839039]