Securing Grants: Decrypting OMB’s Latest Uniform Guidance for a Secure Funding Future

Learn more about the recent revisions issued by The Office of Management and Budget (OMB) to the Uniform Guidance, with a notable emphasis on cybersecurity.

Form 990-Series: A Guide for Tax-Exempt Organizations

Tax-exempt organizations operating on a calendar year-end (December 31) are reminded to prepare their Form 990-series returns or secure an extension before the May 15th deadline. Timely submission is essential to uphold tax-exempt status and ensure compliance with IRS regulations.

2024-05-01T11:45:20-04:00May 1, 2024|Categories: Not-for-Profit|Tags: |

Fiscal Year 2025 Budget Proposal Contains Items Affecting Exempt Organizations

The Biden administration's budget proposal includes items affecting donor advised funds and private foundations.

Uncovering Unclaimed Property: A Comprehensive Guide

Over $70 billion in unclaimed property is held by states across the U.S., affecting one in seven Americans, according to NAUPA. Individuals, businesses, and nonprofits can reclaim these assets, ranging from uncashed paychecks to dormant accounts, by searching the NAUPA website or state-specific unclaimed property databases.

2024-02-29T14:46:40-05:00February 29, 2024|Categories: Not-for-Profit|Tags: |

IRS Issues Proposed Regulations on Donor Advised Funds

The IRS has proposed new regulations for Donor Advised Funds (DAFs), impacting how they are defined and managed. These regulations clarify the roles of donors and donor-advisors, introducing specific criteria for identifying DAFs and broadening the scope of liability for taxable distributions.

2024-02-27T12:15:37-05:00February 16, 2024|Categories: Not-for-Profit|Tags: |

IRS Announces Temporary E-Filing Delay for Forms 990-T and 1120-POL

Learn about the temporary e-filing delay for Forms 990-T and 1120-POL until March 17, 2024 which impacts returns with due dates falling between January 15, 2024, and March 15, 2024.

2024-02-29T13:31:35-05:00January 26, 2024|Categories: Not-for-Profit, Tax: Exempt Organizations|Tags: , |
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