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 April 17, 2012
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 May 31, 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 March 31, 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 January 28, 2011
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 05, 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 June 16, 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 April 20, 2010
U.S. Withholding Tax Imposed on Foreign Tax-Exempt Organizations
When a foreign charitable organization earns U.S. source portfolio income it often has a choice to make: It can claim tax-exempt status (and thus an exemption from U.S. withholding tax), or the organization may find it easier...
Published on June 01, 2010
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 May 10, 2010