Update: New Exemption Application Not Required When Organization Changes Its Form or State of Incorporation

In the new Revenue Procedure 2018-15, effective for tax years beginning on or after January 1, 2018, the IRS has indicated that it will generally not require a new exemption application from a domestic Internal Revenue Code (“IRC”) Section 501(c) organization that changes its form or place of organization. Under prior guidance (Rev. Ruls. 67-390 […]

Mergers – Due Diligence Items

  I had a nice opportunity today to talk with the folks at La Piana Consulting, a national firm dedicated to strengthening nonprofits and foundations, about nonprofit mergers from a legal perspective.  La Piana Consulting was founded by David La Piana, a leading expert on strategic restructuring – including mergers, joint ventures, consolidations, and joint […]