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Nonprofit Tax Services
RSM’s tax professionals take a proactive approach to managing the tax aspects important to nonprofit organizations. We continually scrutinize new and pending federal, state and local, and international tax laws that impact nonprofits, alerting you to changes as they occur, or before they occur. This holistic strategy allows you to respond in a timely fashion and also to implement internal changes for favorable tax outcomes.
In an increasingly fluid tax environment, providing constant communication is a focus of our tax practice. We develop timely electronic alerts, periodic newsletters and in-depth thought leadership that helps your nonprofit organization stay current on existing and proposed tax legislation. In addition to providing continual communication and advice, our practice is fully integrated and comprehensive to assist in areas such as:·
- Tax compliance
- IRS representation
- Tax-exempt status reviews
- Unrelated business income
- Compensation and employee benefits
- Analysis and calculations of your organization’s lobbying/political activities
- Mergers, acquisitions and restructuring
- ASC 740 (FIN 48) reviews
- Post-issuance bond compliance reviews
- Reverse audits
- State and local tax services
- International tax services
Find out more about RSM’s federal, state and local, and international tax services.
Most recent tax alerts for exempt organizations:
Following the President’s memo on August 8, Treasury releases very short Notice 2020-65 delaying the deadline for employee FICA tax.
These proposed regulations apply to the extension of time to rollover participant loans provided by the Tax Cuts and Jobs Act (TCJA).
Amendments to section 162, 164, and 170 regs. formalize safe harbors for payments to charitable organizations in exchange for SALT credits.
An executive order was issued directing the deferral of payroll tax payments. Follow up guidance from the Treasury Department is expected.
New legislation allows nonprofit employers to pay 50% of their unemployment reimbursing payment obligations to states.
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Get updates on regulatory developments and issues affecting tax exempt organizations.
National Practice Leader
A bi-monthly publication dedicated to providing ideas and education to tax exempt organizations.
Provides organizations with valuable benchmarking information on a real-time basis.