IRS Releases Publication on Sales and Other Dispositions of Assets | Planned Giving Design Center

IRS Releases Publication on Sales and Other Dispositions of Assets | Planned Giving Design Center: "*

Planned Giving Design Center, LLC
Wed
21
Apr
2010
IRS Releases Publication on Sales and Other Dispositions of Assets



The IRS has released Pub. 544, Sales and Other Dispositions of Assets, for use in preparing 2009 tax returns. In addition to calculating gain and losses from the sale of assets, of interest to charitable gift planners is the discussion of gain from bargain sales."

The Post and Courier - Bills aim to clarify S.C. gambling law - Charleston SC - postandcourier.com

The Post and Courier - Bills aim to clarify S.C. gambling law - Charleston SC - postandcourier.com: "The issue of selective enforcement under the centuries-old gambling ban has been up for debate since a raid on a Texas Hold 'em game at a Mount Pleasant home in 2006. The same law bans charity raffles."

Pick. Click. Give. edges toward permanence - Juneau Empire

Pick. Click. Give. edges toward permanence - Juneau Empire: "NCHORAGE - An innovative program designed to make philanthropic giving easier for Alaskans is one step closer to permanence.

A bill passed by the Alaska State Legislature on Friday will extend the PFD Charitable Contributions Program, known as Pick. Click. Give., by removing the three-year sunset provision that was included in the original 2008 authorization."

Estate Tax Could Come Back With Sharp Bite - Forbes.com

Estate Tax Could Come Back With Sharp Bite - Forbes.com: "Next year many more families may need to worry about federal estate tax and at the same time could have fewer ways to minimize its bite. In fact, the past decade may come to be looked upon as the golden era of wealth transfer."

New York Streamlines Process for Supporting Local Charities - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

New York Streamlines Process for Supporting Local Charities - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "New York Streamlines Process for Supporting Local Charities

Efforts to finance New York nonprofit groups could become much more streamlined as the administration of Mayor Michael Bloomberg prepares major changes in the way the city awards $4-billion in contracts every year, The New York Times reports."

St. Louis officials weigh asking nonprofits to chip in for services - STLtoday.com

St. Louis officials weigh asking nonprofits to chip in for services - STLtoday.com: "Nonprofit organizations for decades have been immune to property taxes, with the understanding that the revenue cities lose is balanced against the resources and community service that the groups provide.

But now, facing a $45 million gap in the budget next year, some St. Louis leaders are considering an option that could test the relationship with the city's most prestigious institutions — sort of like, hat in hand, hitting up a well-to-do relative for help on a house payment."

Heard on the Web: Tax Break for Donations Could Get Extended | Planned Giving Design Center

Heard on the Web: Tax Break for Donations Could Get Extended | Planned Giving Design Center: "As reported by Tom Herman of the Wall Street Journal, Congress is moving closer to extending the life of a popular law that has encouraged many older investors to donate to charity from their Individual Retirement Accounts."

Center for Nonprofit Advancement: D.C. Council Holds Hearing on New Nonprofit Corporation Law

Center for Nonprofit Advancement: D.C. Council Holds Hearing on New Nonprofit Corporation Law: "Monday, April 5, 2010
D.C. Council Holds Hearing on New Nonprofit Corporation Law
A D.C. Council Committee held a public hearing last week on a bill (B18-500) to overhaul the city’s laws governing the incorporation and operation of a variety of business organizations, including nonprofit corporations."

CRS Updates Report on Charitable IRA Distributions | Planned Giving Design Center

CRS Updates Report on Charitable IRA Distributions | Planned Giving Design Center: "On March 10, 2010, the Senate passed H.R. 4213, the Tax Extenders Act of 2009 that would extend tax-free distributions from Individual Retirement Accounts (IRAs) for charitable purposes first enacted by the Pension Protection Act of 2006. The Congressional Research Service has now updated its fact sheet to reflect the latest provisions."

Sans estimates, city nonprofits have no landing strip for PILOT : The Temple News

Sans estimates, city nonprofits have no landing strip for PILOT : The Temple News: "nstead, nonprofits usually issue payments in lieu of taxes. The PILOT problem in Philadelphia, the Daily News reported earlier this month, is last year, “agreements with 17 [nonprofit] institutions brought in only $686,922,” and city colleges and universities – including Temple, the University of Pennsylvania, St. Joseph’s University and Drexel – donated zilch even though all of the institutions use city services."

Nonprofits criticize push to expand right-to-know law | SeacoastOnline.com

Nonprofits criticize push to expand right-to-know law | SeacoastOnline.com: "CONCORD — A bill in the House to expand the state's right-to-know law is drawing strong opposition from nonprofit organizations around the state."

The Associated Press: House votes for faster tax breaks for Chile gifts

The Associated Press: House votes for faster tax breaks for Chile gifts: "House votes for faster tax breaks for Chile gifts

(AP) – 20 hours ago

WASHINGTON — The House has passed a bill that would allow taxpayers to write off charitable donations to Chile earthquake relief efforts when they file their 2009 taxes this spring."

Journal Tribune: York County's Only Daily Newspaper > Editorial > Service fee on nonprofits is indefensible

Journal Tribune: York County's Only Daily Newspaper > Editorial > Service fee on nonprofits is indefensible: "The recent proposal in Biddeford to charge a service fee to some non-profit organizations on income they raise from residential rentals is one of those rare suggestions that sounds initially reasonable but, after some thought, flat out ridiculous."

massnonprofit.org ::

massnonprofit.org ::: "March 9, 2010 — Massachusetts nonprofits with 100 or more employees eligible to participate in 403(b) retirement must implement stricter administrative practices or face possible fines of up to $50,000 under a new federal law regulating nonprofit retirement plans."

Seth Korman: Why Religious Groups and Charities May Soon Be Able to Lobby, Campaign, and Endorse Candidates

Seth Korman: Why Religious Groups and Charities May Soon Be Able to Lobby, Campaign, and Endorse Candidates: "Yet the Supreme Court's recent decision in Citizens United v. FEC alters this parity, and affords corporate America 'electioneering' rights, or the privilege to endorse and advocate for political candidates in the months, weeks, and days before an election.

This creates an apparent dichotomy: Both for-profit corporations and nonprofit 501(c)(3)s are creatures of the state, artificial entities created to further commercial and socially valuable interests. Yet now the former can lobby and advocate, whereas the latter must remain on the political sidelines."