Nonprofits & Charities

The War on Terror and Charitable Giving

It is not often that the GWOT affects the world of T&E law, but  the Supreme Court’s June 21 6-3 opinion in Holder v. Humanitarian Law Project, 561 U.S. ____ (2010) is an exception to the general rule. The opinion upheld the Patriot Act provision providing for fines and up to 15 years’ imprisonment for persons [...]

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Don’t Let Your Nonprofit Be a “Day Late and a Dollar Short” For Failure to File Its Form 990

KYEstates has previously noted that when the mainstream media covers matters of interest to the T&E Community, results can be spotty in quality or usefulness.  Last week, the New York Times published an exception to this rule – a very important article warning that up to 400,000 nonprofit organizations (i.e., up to one-fourth of the nation’s nonprofits) are [...]

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KYEstates Announces The “Glom On” Prizewinner; Kentucky Enacts UPMIFA

KYEstates issued a high-stakes challenge here in our discussion of the taxpayer FLP win in Estate of Petter v. Comm’r, T.C. Memo. 2009-280, 2009 WL 4598137 (U.S. Tax Ct. 2009).  We said: Count not your day a loss: you have now read the phrase glommed onto in a Federal court’s opinion.  Find that phrase in another [...]

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Nonprofit Directors in T&E Community: Take Note of Incentive Funds

T&E Community – although KYEstate$ focuses on T&E law matters, when we learn information useful to our readers, we will pass it along.  Many KYEstate$ readers serve as directors of nonprofit boards, or work in fundraising or planned giving for nonprofits, and that’s why we think this Business First article will be interesting.  The article [...]

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"Glom On" To This Good News About Defined Value Clauses and IDGT Sales

KYEstates strives to provide fair and balanced commentary. No, truly, we do. Image: U.S. Tax Court Website So, when we are biased, we’ll let you know. Please be advised that KYEstates is biased in favor of the taxpayer. For that reason, KYEstates is happy to report on the facts, arguments, and taxpayer victory in Estate of [...]

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