Ideas & Insights

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The IRS issued guidance clarifying the definition of gross receipts for tax-exempt employers utilizing the employee retention credit.

Business challenges faced by nonprofit organizations are solved with the right accounting software and the right strategic advisors.

Section 4960 proposed rules add examples and clarity while generally following interim guidance and providing taxpayer-friendly exceptions.

Listen to RSM professionals as they discuss strategies nonprofit organizations can use to adapt in this new virtual environment.

Exempt organizations may carryback siloed NOLs to tax years beginning before 2018 and apply them to net unrelated business income.

Final regulations promulgated under section 6033 reduce Form 990, Schedule B reporting for certain exempt organizations.

Deadlines postponed for certain employment taxes, employee benefit plans, IRAs, HSAs, MSAs and other time-sensitive actions.

Recent IRS guidance allowing certain taxpayers to fax tentative refund claims is inapplicable to Form 990-T filers.

The IRS issued FAQs surrounding the federal income tax consequences to students receiving emergency financial aid grants under the CARES Act

The IRS released a proposed revenue procedure intended to update existing rules with respect to obtaining and maintaining a group exemption.

RSM helped the Association of American Law Schools enhance its key budgeting processes, increasing efficiency and visibility into finances.

Treasury and the IRS release long-awaited guidance to exempt organizations under section 512(a)(6) for separately computing UBTI.

IRS updated guidance includes exempt organizations in extensions for filing, payment of taxes, and other time-sensitive actions.

FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.

Global risks can take on many forms. Therefore, how do nonprofit organizations prioritize and prepare for them?

Because of COVID-19 concerns, the IRS is extending pending deadlines for employers to adopt updated 403(b) retirement plan documents.

The CARES Act provides broad support and relief for tax-exempt organizations affected by the coronavirus pandemic.

Extensions for tax returns and payments due to the Coronavirus pandemic are largely inapplicable for most exempt organizations.

Discussion of how tax-exempt organizations can provide assistance to those impacted by the coronavirus pandemic.