Nonprofit Resources
Cell Phone Tower Rental and UBIT: Data from Our Annual Survey
One-third of the respondents in our annual Higher Education Tax Reporting Trends Project survey said they receive rental income from cell phone towers. This can be a tricky when it comes to unrelated business income tax.
Important Changes in the New House Tax Bill
November 7, 2017 - The Tax Cuts and Jobs Act (H.R. 1) contains a wide variety of changes for both business and individual tax rates. Here's a summary of key proposed changes.
2017 Higher Education Tax Reporting Trends Project
The 2017 Higher Education Tax Reporting Trends Project provides data on cell phone tower rentals, minister’s housing allowance, logo apparel sales and more, along with insight on the potential tax implications.
Estimated Inflation-Adjusted Key Tax Figures for 2018
September 15, 2017 - Various tax news outlets have released inflation-adjusted estimates to key tax figures for 2018. This is useful information for planning as we approach 2018.
What to Know About Taxation of International Students Receiving Financial Aid
If your institution has international students who receive financial aid, there are specific income tax requirements you need to be aware of.
Four Questions to Ask About Executive Compensation at Your Organization
Nonprofit organizations need to attract and retain qualified leadership. But many nonprofit leaders are unaware of the intricacies of the IRS requirements for executive compensation — and of the significant penalties that can arise if the IRS deems compensation “excessive.”
Should Your Organization Accept that Gift?
We’ve all heard the adage “Never look a gift horse in the mouth,” but that is not sound advice for nonprofits. Some gifts may have implications or costs that could have negative consequences for your organization.
Generate Revenue Enhancement Opportunities for Your Organization
Many nonprofit organizations are considering alternative revenue sources as a way to bring in extra funding. As with most initiatives, the key is to plan diligently.
Report Gift Cards on Form W-2 for Employees
The IRS recently clarified the rules for reporting gift cards given to employees on Form W-2. Check out this example and an explanation of the rules.
IRS Extends Due Date for Some ACA Reporting Requirements
November 22, 2016 - The IRS has extended one of the due dates for 2016 information reporting requirements under the Affordable Care Act to give employers, insurers, and other providers additional time to gather and prepare the necessary information.