Nonprofit Resources
The Importance of ACA Compliance for Churches
July 30, 2019 - The IRS will be contacting some churches about the Affordable Care Act. All church leaders should ensure their churches are compliant.
Higher Education Cybersecurity Threats on the Rise
Moody’s Investors Service reports that the risk of cyberattacks at higher education institutions is increasing. And emerging threats are creating new challenges. Here are some resources to help.
IRS to Send Affordable Care Act Inquiries to Some Churches
July 10, 2019 - The IRS said it will soon be sending inquiries to “several hundred” churches that are Applicable Large Employers (ALEs), as described in the Affordable Care Act.
Higher Education Institutions with Perkins Loans Not Required to Return Excess Cash
July 8, 2019 - The U.S. Department of Education (USDE) recently announced that it will not require a distribution of assets from institutions’ Perkins Funds for the 2018-19 award year.
IRS to Allow Schools to Publicize Nondiscrimination Policies Online
May 15, 2019 - Tax-exempt schools will now have three options for publicizing nondiscrimination policies. Here's what you need to know.
IRS Expands Employee Benefit Plan Self-Correction Program
May 8, 2019 - The IRS has expanded its Employee Plans Compliance Resolution System (EPCRS) self-correction program. If your organization is a plan sponsor, here's what you should know.
403(b) Plan Sponsors Can Self-Correct Plan Provisions through March 31, 2020
April 23, 2019 - If your nonprofit sponsors a 403(b) retirement plan with provisions that fail to meet Internal Revenue Code requirements, you can correct it. Here are the required steps.
IRS Provides Clarification on Moving Expense Reporting for the 2018 Form W-2
April 2, 2019 - The IRS has provided guidance for reporting moving expenses incurred in 2017 but paid or reimbursed in 2018 on the 2018 Form W-2.
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.
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.
