Not-for-Profit Blog

A brief look at the IRS release related to mandatory electronic filing of Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code, by private foundations.

This blog takes a quick look at the Supreme Court’s decision wherein California cannot implement the nonprofit donor disclosure rule (which required charities to file with state regulators the federal form disclosing the names of major donors) – and …

A tax-exempt organization that has $1,000 or more of gross income from an unrelated business must file Form 990-T. Form 990T has been completely redesigned with many of the changes relating to the new regulations under TCJA.

This article offers an overview of the changes for 2020 of which filers of Form 990-PF need to be aware.

This content takes a look at some of the changes to the 2020 Form 990.

Many not-for-profit organizations provide grants in the form of scholarships. A scholarship will be tax free to the recipient if the following criteria are met. It’s important to understand which scholarships are excludable from taxable income for th…

The IRS continues to make progress towards paperless filings; the latest change impacts both Forms 990 and 990-EZ. If a Form 990 or 990-EZ is being filed for a tax year beginning on or after July 2, 2019, it must be filed electronically (with limite…

Discussion of the proposed regulations surrounding a not-for-profit’s reporting of contributed non-financial assets or “gifts-in-kind” – i.e., land, buildings, materials and supplies, food, clothing, etc.

Notes on claiming a refund or credit in conjunction with the repeal of the unrelated business income tax (“UBIT”) on qualified transportation benefits.