Nonprofit Resources
What to Consider Before Accepting a Real Estate Contribution
A gift of real estate can be very generous. If your nonprofit is offered a real estate contribution, you might be tempted to jump at the opportunity. But it's crucial to carefully consider these gifts to avoid any unpleasant surprises and negative consequences.
U.S. Supreme Court to Consider Online Sales Tax; More Info on 529 Account Changes
A look at two nonprofit tax issues: an upcoming Supreme Court case could change the rules governing the taxability of online and mail-order sales, plus more information about changes to Section 529 accounts.
Section 529 Accounts Are Now Available for Private School Tuition – Part Two
Because 529 accounts are defined in the Internal Revenue Code, it is not automatic or required that the states recognize changes made at the federal level.
IRS Releases Updated 2018 Withholding Tables
January 12, 2018 - The updated income tax withholding tables account for changes made by the new tax bill enacted at the end of 2017. Employers should begin using them as soon as possible.
Section 529 Accounts Are Now Available for Private School Tuition – Part One
Under the new tax law, amounts in a Section 529 College Savings Account may be used to pay up to $10,000 of the cost of primary and secondary private school tuition and related fees, books, supplies, and equipment.
Section 529 Accounts Are Now Available for Private School Tuition
January 10, 2018 - Under the new tax law, Section 529 College Savings Account plans are now available for elementary and secondary school tuition, including private and religious schools.
IRS Extends Deadlines for Issuing Forms 1095-B and 1095-C
The IRS recently announced an extension for the due dates for furnishing Forms 1095-B, Health Coverage, and 1095-C, Employer-Provided Health Insurance Offer and Coverage, to individuals.
Tax Reform Summary: What Nonprofits Should Know
What to know about the final text of the Tax Cuts and Jobs Act (H.R. 1).
IT’S OFFICIAL – Tax Bill Passes
December 21, 2017 - The House and Senate have passed the Tax Cuts and Jobs Act (H.R. 1), and President Trump is expected to sign it this week.
Important Tax Reform Updates for Nonprofits
December 19, 2017 - The Tax Cuts and Jobs Act (H.R. 1) reached a new stage on December 15. There are several elements that nonprofits should be aware of.