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18 Montgomery McCracken Attorneys Listed in The Best Lawyers in America© 2018

August 15, 2017

Montgomery McCracken is pleased to announce that 18 of the firm’s attorneys have been recognized in the 2018 edition of…

Four Ways Foundations Find Themselves in Trouble

February 4, 2014

Nonprofit Quarterly

Private and family foundations are subject to more stringent tax laws and regulations than ever before. Understanding the nuances of…

Top Ten Policies and Practices for Nonprofit Organizations

December 17, 2013

 Top Ten Policies and Practices for Nonprofit Organizations The emphasis since the enactment of Sarbanes-Oxley on governance practices of all…

Complying with the Clery Act — Important Tips and Updates

September 24, 2013

The Annual Security Report required by the Clery Act is due October 1, 2013.  Crime statistics for 2012 are to…

Revised Uniform Unincorporated Nonprofit Association Act Provides Clarification for Rules of Conduct

September 4, 2013

For years we have counseled groups of unincorporated individuals carrying on nonprofit activities to incorporate in order to obtain a…

New Philadelphia Tax Ordinances Will Impact Charities

August 15, 2013

Law360

(August 15, 2013, 11:50 AM ET) – In June 2013, the Mayor of the City of Philadelphia signed into law…

City of Philadelphia Tax Ordinances Aimed at Charities

August 13, 2013

In June 2013, the Mayor of the City of Philadelphia signed into law two ordinances that “clarify” the business income…

Board Service a Serious Commitment

February 6, 2013

Don Kramer and Jennie Sikes discuss strategies for attracting top talent. Donald W. Kramer and Virginia P. Sikes, attorneys with…

New Rules Provide Flexibility in Treatment of Replacement Costs for Building Components

December 18, 2012

Generally, taxpayers are permitted to deduct currently (or “expense”) the cost of repairs to property, but must capitalize the costs…

Montgomery McCracken’s This Year in Nonprofit Law in its 22nd Year

December 4, 2012

On November 28, Montgomery McCracken, along with Don Kramer’s Nonprofit Issues® presented the 22nd Annual This Year in Nonprofit Law,…

What Makes Up the Fiscal Cliff?

September 12, 2012

Much is in the news recently about the Fiscal Cliff.   Commentators say the US economy will dive unless Congress reverses…

The Clery Act – A Strong Reminder About Compliance in Light of the Penn State Tragedy

July 17, 2012

The Freeh Report on Pennsylvania State University – an independent investigative report commissioned by Penn State’s Board of Trustees, in…

New Tax on Investment Income Scheduled for 2013

June 27, 2012

In 2010, Congress enacted a new tax on investment income of individuals, estates and trusts that applies beginning in 2013. …

Tax Court Denies Deductions for Contributions of Conservation Easements

May 4, 2012

In several recent cases the United States Tax Court has denied or reduced charitable contribution deductions for contributions of conservation…

Guidelines For Lobbying Activities

May 3, 2012

Attached is a powerpoint presentation titled “Guidelines For Lobbying Activities” presented by Virginia Sikes at a client training. Download PDF for full…

Montgomery McCracken Attorneys Kramer, Sikes and Emerson, Presenters at PBI Nonprofit Institute

May 2, 2012

Montgomery, McCracken, Walker & Rhoads, LLP attorneys Donald W. Kramer, Virginia P. Sikes and Karl E. Emerson were presenters for the…

Montgomery McCracken Nonprofit Lawyers Advise on How to Steer Clear of Nonprofit Law Pitfalls

April 25, 2012

Montgomery, McCracken, Walker & Rhoads, LLP attorneys Karl E. Emerson, Donald W. Kramer, and Virginia P. Sikes were course planners…

IRS Provides Program for Voluntary Reclassification of Independent Contractors as Employees

November 9, 2011

The IRS and employers have dramatically different interests in the classification of workers.  From the perspective of potential liability for…

IRS Provides Guidance on Economic Substance Doctrine

August 24, 2011

Penalties apply to transactions without economic substance. In July, the IRS gave direction to its examiners on when they can…

Expanded Form 1099 Reporting Repealed

May 10, 2011

Expanded Form 1099 Reporting Repealed. On April 14, 2011, the President signed into law a repeal of the expanded Form…

Individuals Must Report Foreign Financial Assets

December 23, 2010

Individuals Must Report Foreign Financial Assets Beginning in 2011, any individual who holds an interest in “specified foreign financial assets”…

Client Alert from Tax Practice

October 4, 2010

Codification of Economic Substance Doctrine Brings Increased Penalties for Aggressive Tax Transactions The 20% accuracy related penalty now applies to…

Tax Updates on Health Reform and Foreign Financial Interests

July 29, 2010

  High Income Taxpayers Shoulder Burden of Health Reform Beginning in 2013   To pay for the new health reform…

Co-venturing Can Create Benefits for Business and Charity But May Be Regulated By Disclosure Laws

June 25, 2010

Charities and for-profit businesses can often cooperate on promotional efforts that increase the sales of the business and generate substantial…

Montgomery McCracken Attorneys – Speakers at 8th Annual Nonprofit Institute Conference

June 18, 2010

Philadelphia, PA _ June 14, 2010 – Montgomery McCracken’s Nonprofit Organization practice attorneys Karl Emerson, Donald W. Kramer and Virginia…

Commercial Co-Venturing Tax Issues for the 501(c)(3)

May 18, 2010

Prepared for the 8th Annual Nonprofit Institute Conference. Download PDF for full article

Top Ten Policies and Practices for Nonprofit Organizations

November 30, 2009

Reprinted from Don Kramer's Nonprofit Issues

Increased emphasis on transparency and accountability requires more formal attention to governance and administration. The emphasis since the enactment of…

Terminating a Private Foundation

November 6, 2009

A presentation to The Philadelphia Foundation

A presentation prepared and presented by Virginia P. Sikes, a speaker at The Philadelphia Foundation’s First Friday for Professional Advisors….

New Schedule A Reflects Change in Public Support Rules

September 16, 2009

Don Kramer's Nonprofit Issues

Test is now based on five-year rolling average and reporting is on same basis as other accounting www.nonprofitissues.com The new…

Legal Issues for Community Foundations: Understanding the Separate Rules that Apply to Community Foundations

August 4, 2009

Virginia P. Sikes prepared and presented “Legal Issues for Community Foundations: Understanding the Separate Rules that Apply to Community Foundations.”…

Real Estate and Sales Tax Exemption in Pennsylvania for ‘Purely Public Charities’

May 6, 2008

Nonprofit Seminar, Pennsylvania Bar Institute

Virginia P. Sikes presented “Real Estate and Sales Tax Exemption in Pennsylvania for ‘Purely Public Charities’” at the Pennsylvania Bar Institute’s…