Nonprofit Resources
2019 Higher Education Tax Reporting Trends Project Now Available
March 28, 2019 - Last year's many tax changes could continue to have an impact throughout 2019 and beyond. In this new resource, we've surveyed higher education institutions across the nation on top tax-related issues and distilled the data down to the pertinent points and considerations for you.
2019 Higher Education Tax Reporting Trends Project
The 2019 edition of our annual white paper features survey results and insight related to the parking tax, Qualified Opportunity Zones, and more. Download your free copy of this informative white paper.
Seventh Circuit Rules the Clergy Housing Allowance is Constitutional
March 15, 2019 - The Seventh Circuit has ruled that the clergy housing allowance is constitutional. We will probably know within the next 90 days or so whether the Supreme Court will agree to hear an appeal.
Nonprofit Issues Newsletter, February 2019
Learn about the advantages of adopting a business mindset for your nonprofit, effective information governance, leadership transition considerations, and other key nonprofit issues.
Impact of Wayfair Supreme Court Decision on Nonprofit Organizations
In June 2018, the U.S. Supreme Court held that states can require a retailer to collect and remit sales tax even if the retailer lacks an in-state physical presence. See what the implications may be for your organization.
Discrepancies Between ASU No. 2016-14 and Form 990
ASU No. 2016-14 contains changes to NFP financial reporting standards that generally do not correspond to the presentation in the current Form 990.
Nonprofit Issues Newsletter, December 2018
How predictive analytics is transforming fundraising, valuing gifts-in-kind donations, guidance on new UBIT rules, and more.
IRS Issues Interim Guidance on “Parking Tax”
December 13, 2018 – The IRS and Treasury have released much-anticipated guidance on the “parking tax” under Internal Revenue Code (IRC) section 512(a)(7). As we suspected, paying a third party for employee parking and reimbursing employees for parking is taxable.
Qualified Charitable Distribution Trap for IRA Checkbook Holders
There's a potential pitfall for IRA owners whose account is with a custodian that provides the owner with a checkbook they can use to write checks on their IRA account. Here's what your organization should know about this issue.
IRS Provides Guidance on New UBTI Rules
The IRS has provided some much-needed guidance on the provision in the new Tax Cuts and Jobs Act that requires calculation of unrelated business taxable income (UBTI) separately with respect to each unrelated trade or business. While the IRS still intends to issue proposed regulations on this issue, these guidelines will help exempt organizations compute their UBTI in the short-term.