Trending in Legal Affairs

Tax practitioners love “safe harbors” or specific guidelines that can be followed to ensure a taxpayer or exempt organization is in compliance with applicable tax law. For charitable organizations making grants internationally, September 14, 2017 was a good day because the IRS issued Revenue Procedure 2017-53 updating previous guidance on foreign public charity equivalency determinations (“EDs”) and giving us several preferred practices related to the preparation and issuance of EDs.

Here’s a story—a hypothetical one—what if Mike and Carol Brady established a foundation for their philanthropic giving? As of late, Legal Affairs has seen an increase in inquiries both relating to and from family foundations. As such, we thought it would be ‘groovy’ to highlight some frequently asked questions, while paying homage to our favorite 70s TV family.