Unrelated Business Income from Alternative Investments State Considerations
This item outlines possible tax compliance issues that nonprofit organizations should consider, particularly the focus from state taxing jurisdictions on unrelated business income generated by alternative investments
Published on October 01, 2011
Qualified Sponsorship Payments and Advertising Income Analyzing Unrelated Business Taxable Income
Determining whether receipts qualify as sponsorship payments or advertising income can be quite burdensome for most nonprofit organizations. The item describes how to properly structure unrelated business taxable income so as not to adversely affect the organization’s cashflow
Published on December 01, 2010
State Taxation of Exempt Organizations Unrelated Business Income
How an exempt organization computes UBTI for state income tax purposes varies from state to state
Published on June 01, 2013
Coordinating Charitable Trusts and Private Foundations for the Business Owner Complying With UBIT and Self-Dealing Rules
This item details some charitable giving options for owners of closely held businesses, the applicable unrelated business income and self-dealing rules, and best practices for taxpayers who have these charitable desires and restrictions
Published on April 01, 2014
Transfers Between Controlled Entities Can Provide Surprises Under Sec. 512(b)(13)
Many tax-exempt organizations are growing into complex multi-entity groups including both nonprofit corporations that are tax exempt under Sec. 501(c) and for-profit entities, which are taxed accordingly.
Published on April 01, 2009
IRS Issues Interim Report on the Colleges and Universities Compliance Project
The IRS recently issued an interim report on the Colleges and Universities Compliance Project that was initiated by the Exempt Organizations (EO) function of the Tax Exempt and Government Entities (TE/GE) division.
Published on October 01, 2010
Disclosure of Nonincome Tax Contingencies Under ASC 450 for Not-for-Profit Entities
This item focuses on the importance of properly accounting for and considering the impact of nonincome taxes as they apply to not-for-profit (NFP) entitles.
Published on April 01, 2011
New Form 990 Aims for Transparency, Accountability, and Oversight
Editor: Frank J. O'Connell, Jr., CPA, Esq. While transparency, accountability, and oversight do not appear to be tax issues per se, recent legislative focus and IRS enforcement in this area have heightened the need for tighter controls within the nonprofi
Published on September 01, 2007
The Rising Popularity of SMLLCs in Tax and Business Planning
This article discusses some common situations in which the single-member LLC has become an entity of choice and identifies some potential pitfalls regarding the use of SMLLCs.
Published on August 01, 2007
Preaching Tax Compliance
Sec. 501(c)(3) restricts charities from influencing legislation or intervening in any political campaign or from benefiting insiders through private inurement. Ministers must tread carefully to prevent their preaching from crossing into politics.
Published on April 01, 2008