The Internal Revenue Service (“IRS”) defines virtual currency as “a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.” Virtual currency is not backed by a government-issued legal tender. Convertible virtual currency such as Bitcoin—by far the most popular—may be used to pay for

Welcome to The Tax-Exempt Organizations Bulletin!  This Bulletin delivers news and commentary on the unique legal issues affecting the nonprofit sector.

Our Tax-Exempt Organizations Practice Group is comprised of attorneys who work exclusively with nonprofits, as well as attorneys from the firm’s other practice groups, such as trusts & estates, real estate, corporate, IP, litigation,