- Posts by Evan GautierAssociate
Evan Gautier is a corporate transactional and tax attorney. Mr. Gautier’s practice focuses on mergers and acquisitions, general corporate law including entity formation and corporate governance issues, transactional tax ...
In the midst of the ongoing Coronavirus (COVID-19) pandemic, many state and local governments are recommending or imposing restrictions on gatherings of people, including at places of business. In some cases, certain businesses such as bars and restaurants are being required to close or modify their business operations. Additionally, many individuals are staying home and avoiding public places.
As the 2020 election draws ever nearer, nonprofit organizations should consider reviewing the Internal Revenue Service (“IRS”) rules relating to permissible and impermissible political activities such as endorsing specific candidates, general advocacy, and lobbying to influence legislation. While employees of an organization may wish to “support the cause” by taking political action on behalf of the organization, and/or the organization itself may be inclined to spend funds to oppose or support certain ballot measures, organizations should take note that participation in some types political activities may jeopardize the organization’s tax-exempt status.
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Taxation issues around virtual currencies have abounded since the inception of these so called “digital dollars,” such as Bitcoin, Ethereum, and Monero. Though a single Bitcoin may no longer be valued at nearly $20,000 as it was in late 2017, the overall increase in value of many virtual currencies has created an incentive for holders of these virtual currencies to donate amounts of virtual currency to charitable organizations, for the same reasons appreciated property is often donated generally. However, until recently, there was little to no IRS guidance in place for charitable organizations receiving donations of virtual currency.
Other AALRR Blogs
- Employment Arbitration Agreements & PAGA — Choose Your Words Carefully
- Ninth Circuit’s Ruling In Frlekin v. Apple, Inc. Is A Cautionary Tale For Employers
- Further Developments Under COVID-19 and Its Continued Impact On Commercial Lease Payment Obligations
- A Postjudgment, Independent Action To Enforce Alter Ego Liability On A Contract Is Considered An Action On The Contract
- Part 5: Data Privacy in California: Responding to Consumer Requests and Enforcement by the Attorney General Begins
- The Appellate Court Takes a Bite Out of Meal and Rest Break Claims
- Los Angeles County Obtains Approval to Move Further into Stage 2; Restaurants May Resume In-Person Dining and Hair Salons and Barbershops May Reopen
- Better Luck Next Time—Supreme Court Unanimously Rejects Defense Preclusion in Lucky Brand Trademark Row
- Leading Ride Share Servicers Sued by the State of California for Continued Misclassification of Drivers as Independent Contractors
- Orange County Becomes Latest to Secure Variance and Approval from State to Accelerate Reopening Local Businesses Deeper Into Stage Two, Allowing Dine-In Restaurants and In-Store Retail to Reopen; County Officials Issue New Order and Strong Recommendations
- Christopher S. Andre
- Cindy Strom Arellano
- Dan J. Bulfer
- Eduardo A. Carvajal
- Danielle C. Cepeda
- Michele L. Collender
- Scott K. Dauscher
- Evan J. Gautier
- Carol A. Gefis
- Amber S. Healy
- Edward C. Ho
- John E. James
- Jonathan Judge
- David Kang
- Joseph K. Lee
- Lana Milojevic, CIPP/US
- Michael J. Morphew
- Shawn M. Ogle
- Jon M. Setoguchi
- Brian M. Wheeler
- Lisa C. Zaradich