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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:

Virginia unitary business report applies to some exempt organizations

INSIGHT ARTICLE

Virginia unitary business report applies to some exempt organizations

Some exempt organizations will be subject to Virginia’s informational reporting requirement for unitary businesses, due July 1, 2021.

  • Julia Barlow, Amol Jain
  • |
  • May 18, 2021
IRS extends May 17, 2021 due date for victims of Tennessee storms

TAX ALERT

IRS extends May 17, 2021 due date for victims of Tennessee storms

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Tennessee storms, wind, tornadoes, and flooding.

  • Alina Solodchikova, Evan Stone
  • |
  • May 14, 2021
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