California AB 1181: Gifts-in-Kind

California Assembly Bill 1181 (AB 1181), introduced by Assembly Member Monique Limón (D – Santa Barbara) on February 21, 2019, generally provides for valuation of a noncash contribution received by a charitable organization that is restricted by the donor from being used domestically based on its fair market value in the...

Treasury Eliminates Donor Information Disclosures by 501(c)(4) and 501(c)(6) Organizations

The Treasury Department announced a change in the regulations making it no longer necessary for 501(c)(4) and 501(c)(6) organizations to disclose the identities of their donors on their annual information returns to the IRS. More specifically, tax-exempt organizations described by section 501(c), other than section 501(c)(3) organizations, are no...

Erin Bradrick Awarded Outstanding Young Lawyer Award by ABA

The American Bar Association Nonprofit Organizations Committee of the Business Law Section has announced the 2018 Outstanding Nonprofit Lawyer Award recipients.  NEO Law Group is very proud to share that Erin was awarded the Outstanding Young Lawyer Award for distinguished service by a young attorney in the nonprofit sector. Congratulations, Erin! From...