Tax Season: What You Need to Know

By jcallahan | February 7, 2013

Dean Mead tax attorney Jane Callahan recently provided legal advice on year-end charitable giving and the proper documentation required for tax deductions in a Seminole Chronicle article. Callahan, who represents charities and other tax-exempt organizations, frequently counsels clients on these issues.

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Charities’ Expanded Use of LLCs

By jcallahan | August 7, 2012

Charitable organizations now have more flexibility to use single member limited liability companies (“LLCs”).  In Notice 2012-52, the IRS stated that contributions to a single member LLC that is wholly owned by a section 501(c)(3) organization will be treated as a contribution by the donor to the parent charitable organization.  As an example of the…

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Florida Charities, Get Ready for UPMIFA!

By jcallahan | June 15, 2012

The Florida Uniform Prudent Management of Investment Funds Act (“Florida UPMIFA”) will go into effect on July 1, 2012.  Florida UPMIFA applies to most charitable organizations and funds held for charitable purposes.  The new law has requirements for managing and investing charitable use funds other than program-related assets.  Florida UPMIFA also provides methods for charities…

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