Edward Beckwith

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Donors and Charities Benefit Under New Tax Legislation

Photo of Edward BeckwithBy Edward Beckwith and William J. Culbertson on Posted in Tax
While most provisions of the Internal Revenue Code (“Code”) do not automatically expire, there are dozens that do. Included among the expiring provisions have been several intended to enhance charitable giving. Each has been hostage to the late-year legislative ritual of frequent short-term extensions, which has created significant uncertainty for donors, charities, and their advisors. … Continue Reading

Best Practices for Charitable Organizations: New York Overhauls Nonprofit Corporation Law

Photo of Edward BeckwithBy Edward Beckwith, William J. Culbertson and Joseph Verciglio on Posted in Trust Administration
New York Governor Andrew Cuomo recently signed into law the Non-profit Revitalization Act of 2013.  The provisions of the Act are generally effective on July 1, 2014.  A copy of the Act can be found at http://open.nysenate.gov/legislation/bill/A8072-2013. The Act will require nonprofit corporations governed by the New York Not-for-Profit Corporation Law and wholly charitable trusts … Continue Reading

Public Concerns Lead IRS to Offer Expedited Process for New Social Welfare Organizations

Photo of Edward BeckwithBy Edward Beckwith on Posted in Tax
A wide array of organizations can qualify to be recognized as exempt from federal income taxes.  Most noted of late are those organizations which are structured to “promote social welfare” and which can seek tax-exempt status under section 501(c)(4) of the Internal Revenue Code (“IRC”).   While the operative statutory language states such organizations must be … Continue Reading
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