Nonprofit Resources
IRS Examination of Churches
Learn about a recent ruling on who has the authority to approve an IRS examination of a church under section 7611.
IRS Issues Guidance on Failure to Meet Required Minimum Distribution Standards for 403(b) Plans
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.
A Template for Successful Nonprofit Mergers and Acquisitions
Nonprofit mergers and acquisitions can be beneficial for both organizations involved, but they require a significant investment of time and effort. If your organization is considering joining with another entity, these four phases will help guide you through the necessary steps.
Tax-Free Reimbursement and Deductibility of Moving Expenses Suspended Under the New Tax Act
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.
Business as Mission: A Good Fit for Your Mission?
For the last few decades, many North American Christian missionary-sending organizations have become increasingly interested in the concept of sending missionaries with a "businessperson" label. The challenges and impediments to the success of this alternative missionary wave have typically come within three categories.
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.
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.
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).
Do You Review Your Employee Retirement Plan Annually?
An annual review of your organization's employee retirement plan can help you meet your fiduciary responsibilities and avoid mistakes.