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Jack Owen
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Jack Owen’s Tax-Exempt Alert JANUARY 2024

At the January 2024, Pittsburgh Planned Giving Council (“PPGC”) meeting, I discussed some updates affecting nonprofit charitable organizations. The updates affecting nonprofit charitable organizations are as follows: On December 22, 2023, the IRS issued Private Letter Ruling 202351014 about an organization operated to bring the community together for entertainment purposes.  In this ruling, an annual Read More

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Jack Owen’s Tax-Exempt Alert NOVEMBER 2023

2024 Changes in Annual Qualified Retirement Plan Benefit Limits The IRS recently announced the new annual qualified retirement plan benefit limits for 2024.  Set forth in the table below is a summary of the most relevant new limits for 2022 – 2024.  These lists are mainly of interest to those of you familiar with retirement Read More

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Jack Owen’s Tax Exempt Alert – March 2023

At the March 14, 2023, Pittsburgh Planned Giving Council (“PPGC”) members’ meeting, I discussed some updates mostly to Pennsylvania and local tax matters, with some federal mixed in. The updates affecting nonprofit charitable organizations are as follows: At the last PPGC meeting on January 10, 2023, we discussed the significant SECURE 2.0 changes as part Read More

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PA Updates to Nonprofit Corporation Law

Navigating changes to Pennsylvania’s Nonprofit Corporation Law Nonprofit organizations should be aware Pennsylvania recently made numerous changes to the Pennsylvania Nonprofit Corporation Law (“NPCL”). While most changes became effective January 3, 2023, additional changes take effect in later years. Changes affect filing requirements, reinstatement for dissolved entities and fiduciary duty standards as well as other Read More

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Jack Owen’s Tax-Exempt Alert February 2023

Property Tax Developments in Pittsburgh and Allegheny County Over the years, there have been numerous challenges to the tax-exempt status of real estate owned by Pennsylvania tax-exempt charities. This trend continues, especially in the City of Pittsburgh which has recently stated that the City will audit tax-exempt properties on a parcel-by-parcel basis. In late January, Read More

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Jack Owen’s Tax-Exempt Alert WINTER 2023

At a recent meeting of our local planned giving council, I discussed some year end surprises in new legislation commonly known as “SECURE 2.0”, a part of the Consolidated Appropriations Act of 2023 (“CAA”). While many CAA provisions affect retirement plans, a few affect charitable giving. This legislation was signed into law by President Biden Read More

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Jack Owen’s Tax-Exempt Alert NOVEMBER 2022

The IRS recently announced the new annual qualified retirement plan benefit limits for 2023. Set forth in the table below is a summary of the most relevant new limits for 2021 – 2023. These lists are mainly of interest to those of you familiar with retirement plans. If you do not understand the types of Read More

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Jack Owen’s Tax-Exempt Alert AUGUST 2022

At the July 26, 2022, meeting of the Pittsburgh Planned Giving Council, I discussed a recent Tax Court case where a donor lost a $400K plus charitable tax deduction. In Albrecht v. Commissioner, TC Memo 2022-53, the taxpayer donated Native American jewelry and artifacts to the Wheelwright Museum of the American Indian. The IRS challenged Read More

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The Universe of Tax-Exempt Entities

The Universe of Tax-Exempt Entities – How to Choose between Classifications and to How Know When and How to Structure Affiliations for Compliance. Pennsylvania Bar Institute By Morgen Cheshire, Esq. and Jack R. Owen, III, Esq.

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Jack Owen’s Tax-Exempt Alert NOVEMBER 2021

2022 Changes in Annual Qualified Retirement Plan Benefit Limits The IRS recently announced the new annual qualified retirement plan benefit limits for 2022. Set forth in the table below is a summary of the most relevant new limits for 2020 – 2022. These lists are mainly of interest to those of you familiar with retirement Read More

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