Nonprofit Resources
Gift Week: Gift Acceptance Policies
Why your nonprofit organization needs a gift acceptance policy.
Gift Week: De Minimis Fringe Benefits
Learn what counts as de minimis fringe benefits to employees and how to handle them from a tax standpoint.
Gift Week: Charitable Contribution Acknowledgments
Learn when a nonprofit should provide a receipt or acknowledgement to a donor, and what that should entail.
Gift Week: Vehicle Donations
A taxpayer donates a used van to a 501(c)(3) public charity. Does the charity need to file a Form 1098-C for the van and send a copy to the donor?
Gift Week: Business Gift Limits
Incidental costs, such as engraving on jewelry, or packaging, insuring, and mailing, are generally not included in determining the cost of a business gift for purposes of the $25 limit.
Nonprofit Tax UBIT Update: Educational Periodicals
Learn how the unrelated business income cost allocation rules of Section 1.512(a)-1(f) of the Income Tax Regulations apply to educational periodicals.
Tax Considerations for Members of Religious Orders
Services performed as a member of a religious order in the exercise of duties required by the order are considered ministerial services by the IRS. Learn more about the tax considerations for members of religious orders.
How to Ensure Your Church Bookstore is Tax-Exempt
Church bookstores can be wonderful resources for attendees and the church. It’s important to be aware, however, that your church bookstore may generate what the IRS considers unrelated business income (UBI), which is taxable. This article will help you understand the requirements for operating in a tax-exempt manner and how to remain in compliance.
Six Simple Suggestions for Improving Financial and Operational Efficiency
There is a noticeable and consistent trend for church business administrators or the finance and accounting teams to be over-worked, overwhelmed, and in some cases a little underappreciated. God designed ministries to function in a way that allows them to serve people effectively. These suggestions can help alleviate some common problems in ministry and enable your organization to operate more efficiently.
Medical Premium Refund for Small Organizations
The new health reform legislation includes a tax benefit for eligible small employers who buy medical insurance for their employees. The potential of a refund makes this worth looking into.