Not For Profit/Exempt Organizations Blog

Category Archives: Tax

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U.S. District Court Finds Mayo Clinic Qualifies as an “Educational Organization”; Awards $11.5M UBTI Refund

By Richard M. Corn, Amanda H. Nussbaum, David Miller, Stuart Rosow and Carrie Slaton on Posted in IRS, Not-for-Profit, Tax, Tax-Exempt Organizations
Introduction Tax-exempt organizations, while not generally subject to tax, are subject to tax on their “unrelated business taxable income” (“UBTI”).  One category of UBTI is debt-financed income; that is, a tax-exempt organization that borrows money directly or through a partnership and uses that money to make an investment is generally subject to tax on a … Continue Reading

Proskauer’s 26th Annual Trick or Treat Seminar

By Amanda H. Nussbaum, Jean Bertrand, Katrina McCann, David Miller and Jurate Schwartz on Posted in Employee Benefits, Labor, Not-for-Profit, Tax
Proskauer’s 26th Annual Trick or Treat Seminar was held virtually on Friday, October 29th and discussed timely topics and best practices specifically tailored to the not-for-profit community. The seminar discussed: Workplace challenges: Mandatory vaccinations, HERO act and other considerations Tax proposals impacting nonprofit organizations Employee benefits update Amanda Nussbaum welcomed everyone and introduced the presenters.… Continue Reading
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