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. He also serves on the Church Law & Tax Senior Editorial Advisory Board and is a member of the Missio Nexus Mission Finance and Administration Planning Committee. 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.
March 20, 2020 - President Trump has signed the Families First Coronavirus Response Act into law. The Act includes numerous provisions relevant to nonprofit organizations and their employees.
There's a potential pitfall for IRA owners whose account is with a custodian that provides the owner with a checkbook they can use to write checks on their IRA account. Here's what your organization should know about this issue.
Churches should be aware of a recent Tax Court ruling on voluntary donations to ministers.
Are the musicians your church pays to perform for worship services and other church events employees, or independent contractors? An incorrect classification can result in significant negative financial consequences for both the church and the musician.
While planned gifts can be complex, taking the time to understand the different techniques and how they might enhance your nonprofit’s fundraising can pay off. Even small organizations can benefit from simpler options, and larger organizations may not be aware of all the techniques available.
The IRS has directed employee plan examiners to not challenge 403(b) plans for failing to satisfy the required minimum distribution standards if the plan cannot locate the participant and has taken certain steps.
Previously, employers could for or reimburse moving expenses for new or relocating employees on a tax-free basis. However, under the new tax bill these payments are now taxable to the employee.
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.
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.
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.