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Nonprofit Law Prof Blog
Federal Court Finds Section 501(c)(4) Regulation Regarding Political Activity to be Unconstitutionally Vague
By Joseph Mead
Freedom Path, a would-be 501(c)(4)-exempt Social Welfare organization, challenged the IRS's denial of its tax exemption, as well as the lawfulness of IRS's regulation regarding political activity and related Revenue…
Larry's Tax Law
One Big Beautiful Bill Act, H.R. 1 – 119th Congress (2025-2026): Part X – One Hundred Percent Expensing Lives On
By Larry J. Brant, George E. Bonini
In this last installment of our multi-part series on the One Big Beautiful Bill Act (the “OBBBA”), my colleague, George Bonini, and I discuss three provisions of the OBBBA that…
Taft Tax Insights
Did you know that you can take 100% bonus depreciation on real property used in manufacturing?
By James Duffy
The One Big Beautiful Bill Act introduced a powerful new tax benefit for the manufacturing and production industries. Under Internal Revenue Code Section 168(n), businesses can immediately expense 100% of…
Compensation & Benefits Blog
FICA Tax: Navigating the Nonqualified Deferred Compensation Special Timing Rule
By Tyler Forni, David B. Teigman, Andrea Rattner
Compensation is generally subject to federal income tax and FICA tax when compensation is actually paid to an employee. However, nonqualified deferred compensation (NQDC) may be subject to FICA taxation…
Larry's Tax Law
A Journey Through Subchapter S / A Review of The Not So Obvious & The Many Traps That Exist For The Unwary: Part XVII – A Brief Stop at an Important Destination – Code Section 1361(b)(1)(D)
I have feverishly been reporting about provisions of the One Big Beautiful Bill Act and have left my multi-part series on Subchapter S adrift at sea. Accordingly, I want to…
Gulf Coast Business Law Blog
IRS Private Letter Ruling Recognizes a Valid Nontax Purpose for Aggregating Mineral Interests When Computing Depletion Under Section 611
By Leon H. Rittenberg III, Caroline Lafourcade, Jack Aguillard
On July 25, 2025, the Internal Revenue Service (IRS) released Private Letter Ruling 202530002, where it summarized the requirements for aggregating separate nonoperating mineral interests into a single property under…
Nonprofit Law Prof Blog
Sholk, Updated Guide to Election Year Activities of Section 501(c)(3) and 501(c)(4) Organizations
Steven H. Sholk has posted an updated version of his comprehensive, now 791-page Guide to Election Year Activities of Section 501(c)(3) and 501(c)(4) Organizations.Lloyd Mayer
Nonprofit Law Prof Blog
Decker, The Steward’s Mandate Building Church-Controlled Investment Funds Without Compromising Mission or Status
Nicolin Decker has posted The Steward’s Mandate Building Church-Controlled Investment Funds Without Compromising Mission or Status. Here is the abstract:This thesis presents the first comprehensive legal framework enabling churches to…
Nonprofit Law Prof Blog
Wilson, The Fallacies Behind The Excise Tax On “Excessive” Charity Compensation
Elaine Waterhouse Wilson (West Virginia) has posted The Fallacies Behind The Excise Tax On "Excessive" Charity Compensation, 56 Loyola University Chicago Law Journal 17 (2024). Here is the abstract:This Article…
Not For Profit/Exempt Organizations Blog
Eighth Circuit Affirms Mayo Clinic’s “Educational Organization” Status and UBTI Refund
By Amanda H. Nussbaum, Richard M. Corn, Kendall Keshtkar
On July 25, 2025, the U.S. Court of Appeals for the Eighth Circuit affirmed the District Court decision holding that the Mayo Clinic is entitled to an $11.5 million refund of certain…