Donating Profits Doesn't Warrant Tax Exemption: 9th Circ.

By Ama Sarfo ( May 19, 2015, 6:43 PM EDT) -- The Ninth Circuit on Monday refused to re-open planned online flower retailer Zagfly Inc. 's push to obtain tax-exempt status, siding with the U. S. Tax Court, which said the company's plans to donate its business profits to charitable organizations does not warrant the exemption. . . .

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login