Challenges to a charity’s tax-exempt status have been increasing in recent months as politically motivated actors use disinformation to attempt to have the Internal Revenue Service (in the U.S.) or the Charity Commission (in the UK) strip the charitable status from nonprofits with which it disagrees.
Mind the Gap: When It Comes To Nonprofits the Tax Code and Sanctions Regime Are In Conflict
External Link: When U.S. sanctions laws are applied to U.S. charities, funds can be frozen indefinitely, despite tax rules that require they be distributed for charitable purposes when a charity shuts down. In the Oct.
Charities Partially Exempted from New Beneficial Ownership Rule
In issuing its final rule on beneficial ownership, the Financial Crimes Enforcement Network (FinCEN) exempted charities and nonprofit entities from the ownership prong of the requirement, but not the control prong. The rule, Customer
UK Charity Commission: Tackling Abuse and Mismanagement
Charities and their work can provide important protection against extremism and terrorism, according to the UK Charity Commission's annual report on Tackling Abuse and Mismanagement. "Civil society, of which charities are a key part, is also
Review of Legislative History Shows Treasury’s Position on Frozen Charitable Funds Without Basis
Representatives of the U.S. nonprofit sector have been seeking release of frozen charitable funds for charitable purposes since 2006 when 20 organizations sent a letter to the Department of Treasury asking for release of the funds for