Nonprofit Resources
Nonprofit Issues Newsletter, April 2023
April 27, 2023 - Managing uncertainty, preventing Title IV compliance findings, recent FBAR developments, and other updates and insights for nonprofits, higher education institutions, and churches.
Recent FBAR Cases Provide Important Takeaways for Taxpayers
April 27, 2023 - Two recent court cases related to FinCEN Form 114, Report of Foreign Bank & Financial Accounts (FBAR), highlight several key issues that are important for taxpayers with non-U.S. financial accounts. This article provides key takeaways.
IRS Provides Clarification on the Qualified Appraisal Requirement for Cryptocurrency Contributions
February 27, 2023 - Although cryptocurrency may be traded on an exchange with readily available market quotations, the IRS’s position is that cryptocurrency is not a security and gifts of cryptocurrency must be substantiated by a qualified appraisal.
Key Federal Tax Figures for 2023
January 18, 2023 - Our 2023 Key Federal Tax Figures summary is designed to be a helpful reference tool throughout the year. Download or print your free copy.
Webcast for Nonprofits: 2022 Nonprofit Tax Year-End Review
December 15, 2022 - Watch this recorded webcast for a summary of the most important changes taking place in exempt organization tax. We focus on areas that are changing and areas that remain unchanged — all with an eye toward what 2023 will bring.
New Report Cites Continued Pandemic Relief Refund Delays at the IRS
September 20, 2022 - A recent report found that due to continued processing delays at the IRS, many entities have not yet received pandemic relief benefits, including those related to the Employee Retention Credit (ERC) and Sick and Family Leave Credits.
IRS to Provide Automatic Penalty Relief for Certain 2019 and 2020 Returns
September 8, 2022 - The IRS announced that it will provide automatic penalty relief for certain 2019 and 2020 returns filed no later than September 30, 2022.
Nonprofit Issues Newsletter, August 2022
August 25, 2022 - Topics include effective goals for nonprofit boards, data on the impact of inflation, lessons learned from data breaches, and more.
New IRS Sign-in Process for Form 990-N Filers
August 24, 2022 - Starting in August 2022, the IRS has implemented a new sign-in process for nonprofit entities that file Form 990-N, Electronic Notice for Tax-Exempt Organizations (e-Postcard).
Educators Can Deduct Up to $300 in Out-of-Pocket Classroom Expenses in 2022
August 24, 2022 - For 2022, the maximum expense deduction eligible educators may take for qualifying out-of-pocket classroom expenses has increased to $300. This is the first time the educator expense deduction has increased since it was enacted in 2002.