Nonprofit Resources
Reporting Health Plan Coverage to Employees & the IRS
Beginning with the calendar year 2015, many employers are now required to provide employees with significantly more information about their health plan coverage. This article describes which employers will have this additional reporting obligation, and the types of information they will need to provide.
Unrelated Business Activities, FIN 48, and Uncertain Tax Positions
Over the past few years, the IRS has continually stated that they are ramping up compliance in the area of unrelated business income tax reporting for exempt organizations.
Five Ways to Make an Audit Easier
We’ve put together five tips to help make an audit less painful and provide you with maximum benefit.
New White Paper Looks at the Current Top 5 Higher Ed Issues
The Spring edition of our 2015 Higher Education Update provides information and insight on the top issues currently being discussed in higher education.
Not-for-Profit Financial Reporting 3.0: New FASB Exposure Draft
Even with the challenge of learning a new framework and educating others, this may be an update to welcome.
New AICPA Not-For-Profit Section to Provide Key Resources
The AICPA has created a new Not-For-Profit Member Section designed to provide information and resources to those who work in and for this industry.
Important Update on Employer Health Insurance Premium Reimbursement/Payment Plans
February 20, 2015 - For many years, employers were able to directly pay for, or reimburse employees for, the premiums of health insurance policies purchased by an employee without the employee being taxed. This favorable treatment changed effective January 1, 2014. Employers offering premium reimbursement plans are not complying with the Affordable Care Act (ACA), and may be subject to substantial penalties.
Board Review and Approval of Form 990-series Returns
The governing boards of many higher education institutions are not aware of the information being reported on Form 990-series returns.
2014 Higher Education Tax Reporting Trends Project
The 2014 edition of our annual higher education survey includes data and insight on the tax reporting implications for traveling performance music groups, hiring nonresident alien students, overseas activities, displaying art on campus, and more.
Nonprofit Tax UBIT Update: Educational Periodicals
Learn how the unrelated business income cost allocation rules of Section 1.512(a)-1(f) of the Income Tax Regulations apply to educational periodicals.