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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:

Treasury issues skinny guidance on employee payroll tax deferral

TAX ALERT

Treasury issues skinny guidance on employee payroll tax deferral

Following the President’s memo on August 8, Treasury releases very short Notice 2020-65 delaying the deadline for employee FICA tax.

  • Anne Bushman, Bill O’Malley
  • |
  • August 31, 2020
IRS issues rollover rules for qualified plan loan offset amounts

TAX ALERT

IRS issues rollover rules for qualified plan loan offset amounts

These proposed regulations apply to the extension of time to rollover participant loans provided by the Tax Cuts and Jobs Act (TCJA).

  • Bill O’Malley
  • |
  • August 18, 2020
Final regs. address payments to charities in return for SALT credits

TAX ALERT

Final regs. address payments to charities in return for SALT credits

Amendments to section 162, 164, and 170 regs. formalize safe harbors for payments to charitable organizations in exchange for SALT credits.

  • Alexandra Mitchell, Tracy Watkins, Morgan Souza
  • |
  • August 11, 2020
Executive order directs the deferral of certain payroll tax payments

TAX ALERT

Executive order directs the deferral of certain payroll tax payments

An executive order was issued directing the deferral of payroll tax payments. Follow up guidance from the Treasury Department is expected.

  • Anne Bushman, Katie Beaver
  • |
  • August 10, 2020
Unemployment reimbursement relief for nonprofit employers

TAX ALERT

Unemployment reimbursement relief for nonprofit employers

New legislation allows nonprofit employers to pay 50% of their unemployment reimbursing payment obligations to states.

  • Eric Oscarson, Tim Ellenwood
  • |
  • August 06, 2020

Subscribe to Exempt Organization Tax Alerts

Get updates on regulatory developments and issues affecting tax exempt organizations.


Contact

Bob Billig
Partner
National Practice Leader
866.239.8790


Capabilities

Muse Newsletter
A bi-monthly publication dedicated to providing ideas and education to tax exempt organizations.

RSM MarketPrism
Provides organizations with valuable benchmarking information on a real-time basis.


Events/Webcasts

LIVE WEBCAST

Nonprofit Industry Webcast Series 2020

  • September 23, 2020

LIVE WEBCAST

App in a day

  • July 23, 2020

RECORDED WEBCAST

Impact of section 4960 proposed rules on taxable and exempt entities

  • July 01, 2020

RECORDED WEBCAST

What is the board’s role in financial reporting oversight?

  • June 25, 2020

RECORDED WEBCAST

Excel budgeting made easier for Dynamics GP users

  • June 24, 2020