Nonprofit Resources
Section 529 Accounts Are Now Available for Private School Tuition – Part Two
Because 529 accounts are defined in the Internal Revenue Code, it is not automatic or required that the states recognize changes made at the federal level.
IRS Releases Updated 2018 Withholding Tables
January 12, 2018 - The updated income tax withholding tables account for changes made by the new tax bill enacted at the end of 2017. Employers should begin using them as soon as possible.
Section 529 Accounts Are Now Available for Private School Tuition – Part One
Under the new tax law, amounts in a Section 529 College Savings Account may be used to pay up to $10,000 of the cost of primary and secondary private school tuition and related fees, books, supplies, and equipment.
Section 529 Accounts Are Now Available for Private School Tuition
January 10, 2018 - Under the new tax law, Section 529 College Savings Account plans are now available for elementary and secondary school tuition, including private and religious schools.
IRS Extends Deadlines for Issuing Forms 1095-B and 1095-C
The IRS recently announced an extension for the due dates for furnishing Forms 1095-B, Health Coverage, and 1095-C, Employer-Provided Health Insurance Offer and Coverage, to individuals.
Tax Reform Summary: What Nonprofits Should Know
What to know about the final text of the Tax Cuts and Jobs Act (H.R. 1).
IT’S OFFICIAL – Tax Bill Passes
December 21, 2017 - The House and Senate have passed the Tax Cuts and Jobs Act (H.R. 1), and President Trump is expected to sign it this week.
Important Tax Reform Updates for Nonprofits
December 19, 2017 - The Tax Cuts and Jobs Act (H.R. 1) reached a new stage on December 15. There are several elements that nonprofits should be aware of.
FASB ASU 2016-14: Expense Reporting Information
December 14, 2017 - FASB ASU 2016-14 will require nonprofits to report expenses by nature and function in a single location. Click to learn more.
Nonprofit Issues Newsletter, December 2017
Learn about proposed changes to accounting for contributions, the IRS 2018 work plan, protecting your organization from the risks posed by the dark web, and more.