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.
Key Federal Tax Figures for 2019
January 17, 2019 - Download or print our 2019 Key Federal Tax Figures summary for reference during the year.
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.
Webcast for Nonprofits: 2018 Nonprofit Tax Year-End Review
December 20, 2018 - It has been an interesting year for exempt organization (EO) tax issues. In addition to new rulings and announcements and EO tax form changes, the fallout from tax reform has taken center stage. Join us as we summarize the most important of the many changes and look toward 2019.
Top 3 “No” Responses from our Annual Higher Education Tax Survey
A look at the three survey questions in the 2018 Higher Education Tax Reporting Trends Project with the highest percentage of “no” answers.