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.
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.
Webinar Recording | “Greatest of All-Time” Internal Revenue Code Sections
After 38 years serving hundreds of U.S. taxpayers, Tax Partner Sean O’Connell shares his “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.
“Greatest of All-Time” Internal Revenue Code Sections
After 38 years serving hundreds of U.S. taxpayers, Tax Partner Sean O’Connell shares his “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.
Nonprofit Advertising and Sponsorship Rules
Nonprofits can run into issues when they accept advertising or sponsorship dollars if they don’t know the rules of unrelated business income tax. Knowing the difference between the two scenarios can help to minimize or manage tax liability.
Sales Tax Considerations for Exempt Organizations
The application of sales and use tax to the activity of exempt organizations is complex and nuanced. State tax and exempt organizations specialists explain what you need to know.
IRS Resources for Nonprofits
Small to medium-size nonprofits have several responsibilities to maintain their tax-exempt status and may be unaware of some of the activities that can jeopardize it. The IRS has recently released many resources to help.
IRS Makes Statements on CARES Act Employee Retention Tax Credit Risks
Last year, the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
§179D Energy-Efficient Commercial Building Deduction Expanded to Benefit Non-Profit Organizations
For businesses contemplating a commercial project, the §179D deduction, a provision from the Inflation Reduction Act, is now available for any qualifying commercial energy-efficient building.
New Form 990-N Sign-In Process
Starting August 1, 2022, Form 990-N filers – small nonprofits – are required to use a more streamlined, modern online filing system. ID.me, the IRS’s ID authentication system, will be required for new users.