“Synagogues and nonprofits become eligible for grants to upgrade energy efficiency in the new infrastructure bill” The Forward reports on provisions in the infrastructure bill signed by President Biden on November 15 that will allow houses of worship and nonprofits to apply for grants to increase the energy efficiency of their buildings. Read more here. h/t Religion Clause here.
Category: 501(c)(3)
“Five Ways Designated Giving Can Get Your Church in TroubleFive Ways Designated Giving Can Get Your Church in Trouble”
“Five Ways Designated Giving Can Get Your Church in Trouble.” Church Answers has a quick list of problems, legal, practical, and pastoral, here.
FREE WEBINAR: “The 5 Most Misunderstood Aspects of Unrelated Business Income for Churches”
On February 26 at noon E.S.T., ChurchLaw&Tax is sponsoring a free webinar about Unrelated Business Income for Churches. Register here.
“IRS Lowers Standard Business Mileage Rate for 2020”
“IRS Lowers Standard Business Mileage Rate for 2020” The Evangelical Council for Financial Accountability summarizes the I.R.S.’s recent announcement
here.
here.
“Two Year-End Tax Law Changes – Nonprofit Law Blog” (One’s the parking tax)
“Two Year-End Tax Law Changes – Nonprofit Law Blog” (One’s the parking tax). Nonprofit Tax Blog has an entry here.
“Becoming a Millionaire on a Pastor’s Salary”
“Becoming a Millionaire on a Pastor’s Salary” Trinity Foundation has a case study of high pastoral compensation and potential developments in the U.S. Senate here.
“The Sale of Charitable Assets to a For-Profit – Nonprofit Law Blog”
“The Sale of Charitable Assets to a For-Profit – Nonprofit Law Blog.” The Nonprofit Law Blog has some tips
here.
here.
“Are Churches Legally Required to Issue Statements for Every Contribution?”
“Are Churches Legally Required to Issue Statements for Every Contribution?” ManagingYourChurch answers a question asking whether churches must issue receipts for gifts of as little as $10 here.
“Nonprofit Embezzlement—What to Do When Lightning Strikes”
“Nonprofit Embezzlement—What to Do When Lightning Strikes” CharityLawyerBlog has a baker’s dozen steps to take after discovering an embezzlement incident here.
“How to Determine Whether or Not You Pay the ‘Parking Lot Tax'”
“How to Determine Whether or Not You Pay the ‘Parking Lot Tax’: An update on the taxation of qualified transportation fringe benefits” The 2017 Tax Cuts and Jobs Act included a provision that requires charities to treat transportation benefits as unrelated business income. The I.R.S. issued long-awaited guidance on that provision in Notice 2018-99. ChurchLaw&Tax has an overview here.