The Nevada Independent’s Post

Ministry leaders accessed Brotherhood Mutual’s Legal Assist’s FAQ more than 48,000 times in 2023. Out of nearly 100 topics, these were viewed the most: 1. Does our ministry need to obtain a permit before serving or selling food? 2. Are ministries allowed to remove disruptive people? 3. Do we have to report all injuries, even those that are insignificant? 4. What should ministry leaders know about donor-directed donations? 5. As a church board member, what issues should I be aware of? 6. What should our ministry know about bylaws? 7. Does our ministry need permission to use people’s pictures? 8. What are the potential tax ramifications for leasing parking lots? 9. Does the Fair Labor Standards Act apply to our ministry? 10. Should our church have armed security guards? To view more of the top trending issues of 2023, visit: https://lnkd.in/gfBnwbde

#transparency #integritymatters It is well overdue for transparency in political donations in both state and federal politics. As for paying out thousands of dollars to rub shoulders with politicians one has to remember there is 'no such thing as a free lunch'. It is a 'messy mix' when you get money, lobbying and influence in one room. The potential for conflicts of interest increases in these environments. https://lnkd.in/gxjpyRUM

What is this: "On amendment No. 242: The House bill provided that in computing the gross income of a nonresident alien individual there should be treated as income from sources within the United States interest on bonds of residents, corporate or otherwise. but excepted interest received from foreign traders or foreign. trade corporations and interest on deposits in banks, banking associations, and trust companies paid to persons not engaged in business within the United States and not having an office or place of business therein. The Senate amendment strikes from this exception the interest received from foreign traders or foreign-trade corporations, since the action of the conferees in respect to foreign traders (explained in connection with amendment No. 5) makes this exception meaningless, and extends the exception of bank deposits to include deposits made with private bankers, and adds to the exception interest received from a resident alien individual or resident foreign corporation when it is shown to the satisfaction of the com-: missioner that less than 20 per cent of the gross income of such resident payor has been derived from sources within the United States. The House recedes." ? How long did you know? 4:19 pm CST Oct. 11, 2024 Co-President Charity Colleen "Lovejoy" Crouse

In March, the Northern District of Alabama ruled in favor of National Small Business United (NSBA), a non-profit that challenged the constitutionality of the Corporate Transparency Act (CTA). The ruling prohibits the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) from forcing NSBA to comply with new CTA regulations – but does the ruling apply to other organizations? https://hubs.la/Q02FgXYR0 The vast majority of organizations remain unaffected by the ruling – and must still comply with the CTA. For deeper analysis, read recent guidance from the American Bar Association, "National Small Business United v. Yellen and Its Implications for the Corporate Transparency Act." #CorporateTransparencyAct #LegalCompliance #EntityManagement

While reading this article, two thoughts crossed my mind: 1. Beneficiary designations on your IRA are crucial to get right. That is who is getting your money if the proverbial beer truck hits. 2. Be nice to your kids as they will likely be taking care of one of you in your old age. This fact is abundantly clear in my family over the past few years. Reach out if you want to see a copy of the article and are getting paywalled.

It is mind blowing to me that the IRS is now offering a BETTER settlement to syndicated conservation easements in audit than is available to those in Court. If an easement is still in audit, that means it was almost certainly done AFTER the IRS issued Notice 2017-10 describing the elements the IRS viewed as abusive. So folks who knew that the IRS didn’t like these transactions and why, but decided to do them anyway, are getting the best deal? And folks who were trying to decipher the IRS’s issues with easements through its litigating positions (floating homesites? Amendment clauses? improper allocation of extinguishment clauses?) are worse off? Don’t get me wrong, I am glad the IRS is looking for a way to settle these cases. But by making the settlements progressively better for taxpayers (as opposed to worse, like the IRS did in the OVDP context) the IRS makes it very difficult to evaluate the settlement. Even if it is better than the expected outcome in litigation, it isn’t necessarily better than the next round of settlements that may come out. If the IRS really wants to get the 1,000+ cases in Tax Court settled, it should offer the same settlement to everyone, and not give preferential treatment to those who decided to do these transactions only after the IRS identified them as abusive!

Check out our Antitrust team's alert on the FTC's noncompete ban. Note that the rule does not apply to nonprofit entities, such as nonprofit hospitals, as they fall outside of the jurisdiction of the FTC Act. Keep in mind, however, that not all entities claiming tax-exempt status are automatically exempt. The FTC applies a two-part test to determine if the purported nonprofit is within the scope of the Act, focusing on the source and destination of the entity's income. The FTC also does not have authority over banks (but does for affiliates), and there is a sale of business exception. Suits have already been filed challenging the ban. More to come on that front. #Antitrust #FTC #NoncompeteBan #NonprofitEntities #StayInformed

Please support if you can and are willing; every penny counts to go up against established parties. https://gofund.me/392f8c2c #Erewash My SIXTH pledge is about 2 items; the first, I would work in my role as an MP to STOP the sell-off of Royal Mail to overseas investors; the Royal Mail is a National strategic asset And the second is to endure fair recompense to the Victims of the #PostOfficeScandal and for payments to be made without delay https://lnkd.in/eFX5EJkJ Some affected were sub-postmasters who owned the property, others were leaseholders, and some were staff. If I were setting up a scheme, it would look like the following, but, of course, I would speak to all parties involved to refine the idea. It would be 1) Freeholders - the current value of the property (as a trading office, even if that is no longer the case) less wherever they got for the fire sale after losing the Post office, plus 10 years salary (Claimants have a duty to mitigate their losses, so that seems reasonable) plus £350,000 standard compensation plus £1000 per day they spent in prison or police custody, halved if on tag and community work ordered paid at £100 per 8 hours completed. 2) Leaseholder - the current value of the property (as a trading office, even if that is no longer the case) less wherever they got for the fire sale after losing the Post office and minus how much rent they would have paid, plus 10 years salary (Claimants have a duty to mitigate their losses, so that seems reasonable) plus £275,000 standard compensation plus £1000 per day they spent in prison or police custody, halved if on tag and community work paid at £100 per 8 hours completed. 3) Staff (Manager of Agency Branches (now referred to as Franchise Partners) 10 years salary (Claimants have a duty to mitigate their losses, so that seems reasonable) plus £150,000 standard compensation plus £1000 per day they spent in prison or police custody, halved if on tag and community work paid at £100 per 8 hours completed." Convictions overturned. #JFSA #PostOffceScandal  #PostOfficeInquiry #royalmail #postoffice

KEY POINT: Trump promises tax cuts and perks to wealthy business owners who make $25 million donations to Trump’s campaign. KEY EXCERPT: By frequently tying the fundraising requests within seconds of promises of tax cuts, oil project infrastructure approvals and other favorable policies and asking for sums more than his campaign and the GOP can legally accept from an individual, Trump is also testing the boundaries of federal campaign finance laws, according to legal experts.

Do you remember this #1984 Vice-Presidential nominee? She was the first woman nominated as vice-president of the United States by a major political party. Despite initial enthusiasm following her nomination, this political ticket was defeated in the fall, carrying only Minnesota and Washington, D.C. Who was she? She began her nomination run #40Years ago when @SaundersTax started in business helping taxpayers with a #LessTaxingLife and #MoreProsperousSolutions. #smallbusiness #entrepreneurs #nonprofit #skilledtrade #businessowner #tax #taxprep #taxplanning #accounting #payroll