Ted serves as Tax Counsel and Professional Practice Leader – Tax, CapinCrouse and Partner, CRI Advisors, LLC†. A certified public accountant and licensed attorney, Ted advises exempt organizations of all sizes on a wide range of tax matters, including representation before state and federal tax authorities and assistance with firm audit or advisory engagements to formulate advice and counsel on important operating and tax issues. In addition to tax advisory services, Ted leads the firm’s tax preparation practice, including IRS Forms 990 and 990-T and related state forms. Note: Although licensed to practice law in Indiana, Ted's services through CapinCrouse do not involve the practice of law and consequently do not result in the creation of an attorney-client relationship.
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).
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.
December 14, 2021 - Now is a good time to remind your donors who do not itemize their deductions that they could receive a charitable contribution deduction of up to $600 on cash donations made to qualifying charitable organizations by the end of 2021.
January 12, 2021 - The SBA and Treasury have released new PPP guidance and loan application forms. Here are the latest developments for nonprofit organizations to be aware of.
December 23, 2020 - A number of coronavirus provisions in the Consolidated Appropriations Act of 2021 are important to nonprofit organizations, including churches, schools, and private higher education institutions. Here's a summary.
July 24, 2020 - The IRS has provided guidance on how employers are to report qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act.
July 24, 2020 - The IRS will send letters to taxpayers experiencing a delay in the processing of Form 7200, which is used to claim employer tax credits for paid sick leave and expanded Family Medical Leave Act benefit payments as provided in the Families First Coronavirus Response Act.
June 4, 2020 - The Paycheck Protection Flexibility Act of 2020 makes several important changes to the PPP loan program, including extending the minimum loan maturity and expanding the loan forgiveness Covered Period.
May 29, 2020 - This article discusses new information found in the PPP loan forgiveness interim final rules and changes to our understanding resulting from the publication of these new interim final rules.
May 18, 2020 - The SBA has released the Paycheck Protection Program Loan Forgiveness Application and accompanying schedules and instructions. Here's an overview.