Some nonprofits are getting a welcome reprieve in deadline extensions for their Form 990 and federal single audit reports. IRS Form 990 and Similar Forms The Internal Revenue Service (IRS) [...]
In what’s being called ‘Phase III’ of a stimulus plan that’s continually evolving in the fight against COVID-19, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was ratified on [...]
Of the many provisions outlined in the original language of the Tax Cuts and Jobs Act (TCJA), few raised significant resistance like the new tax on qualified transportation fringe (QTF) [...]
The Taxpayer First Act (HB 3151) cleared the way for reforms aimed at improving the tax return process for taxpayers. However, it also introduces some new protections and requirements for [...]
If your organization has revenues and losses from unrelated business income (UBI), your tax picture could change drastically under the new tax laws. Starting with tax years beginning after Dec. 31, [...]
Businesses and nonprofits should expect changes when it comes to parking benefits. The Tax Cuts and Jobs Act (TCJA) has amended Section 274 to limit or remove tax deductions for employers [...]