Nonprofit Resources
Foreign Account Reporting Requirements (FBAR)
Although foreign bank account reporting (FBAR) reporting was legally required as far back as 1970, few Americans knew about it or took it seriously. This has changed in the last few years because of the Treasury Department’s aggressive search for violators and the draconian penalties that apply.
15 Questions Nonprofit Board Members Should Be Able to Answer
If you serve as a nonprofit board member, we recommend that you review the organization’s Form 990 and be informed enough to answer these 15 questions.
Tax Considerations for Special Events
Special events can be a good source of revenue for your organization, and annual events can grow into a strong, long-term source of funds. The key is that it takes planning. This article covers the potential tax ramifications you need to consider.
Higher Education Tax Briefs: Key Developments to Be Aware Of
The 2015 Higher Education Tax Reporting Trends Project takes a look at several interesting and important higher education tax developments.
Insight on Form 990 Data from Our Annual Higher Education Survey
Take a look at some of the Form 990 data we gathered during the 2015 Higher Education Tax Reporting Trends Project, including average total employees, average current salaries, and average total expenses.
Can Teachers Qualify for Minister’s Taxation?
Learn the key factors to consider when determining whether a teacher qualifies as a minister for tax purposes, and the hazards of misclassification.
Key Higher Ed Tax Reporting Data from Our Annual Survey
For the sixth year, we’ve surveyed colleges, universities, and seminaries across the U.S. on key tax issues and compiled the data into our Higher Education Tax Reporting Trends Project white paper. Here’s a look at some of the survey findings.
Contribution Documentation Checklist
This charitable contribution checklist will point organizations and donors to issues that need to be addressed for a donor to properly claim a contribution deduction.
Same-Sex Marriage Decision & the Exempt Status of Religious Organizations
The U.S. Supreme Court’s recent decision creating a constitutional right to same-sex marriage raises difficult questions about how the court will resolve conflicts between this new right and the legal and tax accommodations provided to religious organizations.
What Nonprofits Need to Know About Corporate Sponsorships
The corporate sponsorship rules provide a closely defined safe harbor of activities or actions on which no tax will be due.