News
50/50 Raffles Now Permitted Under California Law
Governor Jerry Brown just signed SB-549 into law in California which will permit charities associated with professional sports teams to conduct 50/50 raffles. What are some of the requirements of this new law and how can other exempt organizations conduct 50/50 raffles? More Info
IRS TE/GE Council (Pacific Coast)
On June 8, 2015, by virtue of Brian’s participation of the TE/GE Pacific Coast Council, Brian was part of a quarterly conference call with Tammy Ripperda of the Internal Revenue Service. Tammy is the head of the Exempt Organizations division of TE/GE. As usual, Tammy was quite engaging and open, providing updates on the following EO matters. More Info
Exempt Organizations Tax/Legal Update in the Lone Star State
Summary of Brian’s EO Tax Update presentation to the Texas CPA Society More Info
Potentially Shining a Brighter Light on California Charities
New CA legislative proposal re oversight of charitable entities More Info
On the TE/GE Scene
Brian Yacker gives us an update from the new IRS TE/GE Commissioner, Sunita Lough at the IRS TE/GE Annual Joint Meeting in Baltimore, Maryland. More Info
Proposed FASB Changes to EO Reporting
Recently, the Financial Accounting Standards Board proposed changes to existing reporting requirements surrounding the net assets of exempt organizations. FASB is aiming to add clarity to exempt organization financial statements by eliminating the three classifications of net assets. More Info
Challenging the IRS’ (Non) Filing Requirements for Churches
Churches and some religious organizations are exempted from much of the reporting that all other public charities are required to undertake. Recently, there have been some challenges to this standard. More Info
Ask the Experts Webinar – Watch It Here
On February 12, 2013, YH Advisors conducted a complimentary live webinar which gave participants a chance to ask the exempt organization experts any question they might have regarding charities and nonprofit organizations. View the webinar here! More Info
Have a question? We can help.
info@yhadvisors.com
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