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Tax services for the nonprofit and education industry

RSM’s tax professionals take a proactive approach to managing the tax aspects important to exempt organizations. We develop timely alerts, periodic newsletters, and in-depth thought leadership to help your organization stay current on existing and proposed tax legislation and work with you to evaluate the impact on your organization

RSM’s nonprofit and education industry tax professionals provide assistance to educational institutions, religious organizations, museums and other cultural institutions, athletic organizations, and other public charities, private foundations, social welfare organizations, trade associations, political action committees, and their managers, advisors, and contributors. Our comprehensive practice is fully integrated to assist you and your organization with all areas of tax law:

  • Federal tax services
    • Tax return compliance
    • Representation before the IRS (exams, PLRs, closing agreements)
    • Tax-exemption and unrelated business income studies
    • Compensation and employee benefits
    • Mergers, acquisitions and joint ventures
    • Lobbying and political activities
    • ASC 740 (FIN 48)
  • State and local tax services
    • Enterprise nexus studies
    • Reverse audits (tax overpayments and refund opportunities)
    • ASC 450 (FAS 5)
    • Taxability analysis
  • International tax services
    • Reporting and withholding requirements
    • Structuring for foreign operations

Related Insights:

Shuttered Venue Operator Grant Portal to open 4/24/21 at 12:30 pm EDT

TAX ALERT

Shuttered Venue Operator Grant Portal to open 4/24/21 at 12:30 pm EDT

After technical issues caused the SBA to shut down the SVOG Portal earlier this month, the Portal will relaunch with a revised application.

  • Alexandra Mitchell, Chad Wernimont, Ryan Corcoran
  • |
  • April 23, 2021
Treasury removes United Arab Emirates from international boycott list

TAX ALERT

Treasury removes United Arab Emirates from international boycott list

The Treasury has removed the United Arab Emirates from the list of countries requiring cooperation with an international boycott.

IRS provides guidance on deductions for food or beverages

TAX ALERT

IRS provides guidance on deductions for food or beverages

Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act.

  • Karen Field, Katie Beaver
  • |
  • April 09, 2021
IRS TE/GE division releases new compliance initiatives

TAX ALERT

IRS TE/GE division releases new compliance initiatives

Eight new initiatives, affecting exempt orgs, employee plans and tax-exempt bonds, added to IRS Compliance Programs and Priorities website.

  • Alexandra Mitchell, Bill O’Malley, Morgan Souza
  • |
  • April 07, 2021
The IRS provides further guidance on the Employee Retention Tax Credit

TAX ALERT

The IRS provides further guidance on the Employee Retention Tax Credit

The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.

  • Karen Field
  • |
  • April 05, 2021