On December 19, 2014, President Obama signed H.R. 5771, the “Tax Increase Prevention Act of 2014” (TIPA), into law. Generally, the bill provides for a one year extension (through 2014) of more than 50 individual, business and energy provisions, many of which have been in place for years but would have expired after 2013 if […]
Jane Callahan, shareholder in Dean Mead’s Tax department, will be the featured speaker at a special nonprofit seminar about Florida’s new Charity Reform Law on November 12th. Cross, Fernandez & Riley, LLP and Dean Mead invite you to attend a complimentary breakfast seminar featuring keynote speaker, Jane Callahan, Shareholder in Dean Mead’s Tax department. Join […]
Jane D. Callahan, shareholder in Dean Mead’s Tax department, authored a guest column that was published in the January 31, 2014 edition of the Orlando Sentinel. Callahan’s column, entitled “Church tax-exempt status enhances society: Front Burner“, can be viewed in its entirety here: http://www.orlandosentinel.com/news/opinion/os-ed-church-tax-exemption-pro-20140130,0,2565228.story?dssReturn&dssReturn. This link has been posted with permission by the publication.
Jane D. Callahan, shareholder, authored an article entitled, “Five Year-End Considerations for Nonprofits”. The article was featured in the GuideStar Blog on November 25, 2013. To read the entire article, please visit http://trust.guidestar.org/2013/11/25/five-year-end-considerations-for-nonprofits/.
Jane Callahan, Shareholder, authored an article entitled, “More Charitable Organizations Using Single-Member LLCs”. It was featured in the GuideStar Blog on August 23, 2013. The article mentions that many section 501(c)(3) tax-exempt organizations are utilizing single-member limited liability companies (SMLLCs) in their structures due to recent IRS guidance. It also highlights the pros and cons of an exempt company considering a SMLLC […]
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.
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 […]