On July 17, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) announced the terms of an expansion of the Main Street Lending Program to include loan
Continue Reading Main Street Loans to Be Extended to Nonprofits

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Claire Arritola focuses her practice on U.S. federal income tax matters, with a focus on corporate and partnership transactions. She assists private equity funds, private and public companies, REITs, individuals and tax-exempt organizations. Claire also provides advice and assistance to organizations seeking to obtain or maintain their tax exempt status on the IRS application process, corporate governance issues, unrelated trade or business income issues, and joint ventures.
On July 17, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) announced the terms of an expansion of the Main Street Lending Program to include loan…
Continue Reading Main Street Loans to Be Extended to Nonprofits
On June 5, 2020, the IRS issued proposed Treasury Regulations under section 4960 of the Internal Revenue Code of 1986, as amended (the Code).
Background
Section 4960 was added to
…
Continue Reading IRS Issues Proposed Regulations on Excess Nonprofit Executive Compensation
Political activities of charities and other types of exempt organizations frequently rise in prominence in presidential election years. Not only is the IRS sensitive to political activities in a presidential…
Continue Reading Section 501(c)(3) Organization Prohibited Political Activities
The Tax Cuts and Jobs Act included a provision increasing taxes on tax-exempt organizations. New Internal Revenue Code Section 512(a)(7) required that tax-exempt organizations include in computing unrelated business taxable…
Continue Reading 2019 Tax Act Effects on Tax-Exempt Organizations; Required Section 501(c)(4) Notices
On Dec. 20, 2017, the House and Senate passed the Tax Cuts and Jobs Act, H.R.1, and this bill is on its way to President Trump for signature. When signed…
Continue Reading GT Alert – Highlights of the Tax Cuts and Jobs Act