Taxes

Congratulations to The Lens on its Section 501(c)(3) Determination!

The Digital Media Law Project would like to congratulate The Lens, the New Orleans area's first nonprofit, nonpartisan public-interest newsroom, on obtaining a positive ruling on its Section 501(c)(3) status from the Internal Revenue Service!

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The IRS Comes Through for San Francisco Public Press

I am very pleased to be able to share the news that, after more than two and a half years, the nonprofit San Francisco Public Press has finally received recognition of its tax exempt status from the IRS under Section 501(c)(3) of the Internal Revenue Code.

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The IRS and User-Generated Content

As we have reported previously, the Digital (nee Citizen) Media Law Project has been following a trend in delays at the Internal Revenue Service relating to Section 501(c)(3) tax exemptions for nonprofit journalism organizations.

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FTC's Provocative Discussion Paper on Saving Print Media

The Federal Trade Commission—which last year created guidelines to impose ethical standards on bloggers—is now taking on the ambitious task of saving the print media in the Internet era.

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Senator Cardin Introduces Bill to Allow Newspapers to Operate as Nonprofits

United States Senator Benjamin Cardin today introduced legislation that would allow newspapers to become nonprofit organizations in what he described as "an effort to help the faltering [newspaper] industry survive."

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Officials in Deltona, Florida Seek to Use Taxpayer Money to Fund Libel Lawsuits

Reacting to online criticism of its elected officials, the city of Deltona, Florida has authorized city employees to file libel lawsuits at taxpayers' expense.  On February 16, City commissioners voted 4-3 to pass this resolution:

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The Unspoken Peril for "Citizen Journalists" Surprise! You Owe the IRS Some Gift Tax!

StinkyJournalism.org: The Unspoken Peril for "Citizen Journalists" Surprise! You Owe the IRS Some Gift Tax!

Is the “donation” of a citizen’s content (video, articles, commentaries, images) to for-profit media outlets that exceeds a fair market value of $12,000 in any single year subject to gift tax? Judging from the IRS guidelines, the answer is “yes.”

This is a surprise, and an unwelcome one.

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