Nonprofit Issues Newsletter, October 2017
Benchmarking data on funding sources, best practices for succession planning, updates on charitable donation substantiation compliance, and more.
IRS Focused on Charitable Donation Substantiation Compliance
Recent Tax Court cases have demonstrated the IRS's increase in strict compliance with the substantiation requirements for charitable donations.
IRS Confirms ACA Penalties Still Apply, So ACA Reporting on Forms 1094 and 1095 Continues Too
Amidst the White House and legislative activities aimed at repealing the Affordable Care Act, many employers are questioning whether the ACA penalties will be enforced for prior year violations and if its reporting requirements still apply to the current year. The IRS confirmed that the ACA continues to be the law of the land.
Estimated Inflation-Adjusted Key Tax Figures for 2018
September 15, 2017 - Various tax news outlets have released inflation-adjusted estimates to key tax figures for 2018. This is useful information for planning as we approach 2018.
Webcast for Nonprofits: 2017 Nonprofit Tax Year-End Review
December 14, 2017 - Get up to speed on the most important nonprofit tax developments in 2017, and take a look at what next year may hold.
Nonprofit Issues Newsletter, June 2017
This issue covers ASU 2016-14 implementation issues, four steps for next level cybersecurity, taxation of international students receiving financial aid, and more.
Webcast for Nonprofits: Demystifying Planned Giving Techniques
August 24, 2017 - In this webcast, Ted Batson explains common planned giving techniques with the goal of removing some of the mystery surrounding the alphabet soup used in planned giving.
Webcast for Nonprofits: Alternative Investments – Handling Accounting, Auditing and Tax Concerns
September 28, 2017 - This fast-paced webcast reviews what alternative investments are and explains key accounting, auditing, and tax issues to be mindful of.
IRS Focuses on Employment Tax Issues During Tax-Exempt Organization Audits
Based upon the IRS’ continued focus on employment tax issues, it is imperative that tax exempt entities review their policies and processes and invest in initiatives and resources to ensure compliance.
What to Know About Taxation of International Students Receiving Financial Aid
If your institution has international students who receive financial aid, there are specific income tax requirements you need to be aware of.