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.
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.
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.
If your institution has international students who receive financial aid, there are specific income tax requirements you need to be aware of.
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.
Considerations and steps for creating a gift acceptance policy that aligns with your organization's mission and provides donors and staff with a positive guide to your policies for accepting gifts.