Tax Exempt Organizations Articles
Three Tax Law Changes Affecting Nonprofits
Posted by Robert Torella on March 02, 2020
The Taxpayer Certainty and Disaster Tax Relief Act includes three significant tax law changes that can affect not-for-profits. These groups include private foundations, telephone and electric coops, and charities that offer staffers transportation benefits. Some provisions may be effective this year and some are retroactive.
New E-Filing Requirements for Tax-Exempt Organizations
Posted by Cathleen Karpik on January 16, 2020
Under a little-noticed provision buried deep in the Taxpayer First Act, tax-exempt organizations will be required to file certain information returns and related forms electronically. Your not-for-profit organization should be prepared for this change that goes into effect for tax years beginning after July 1, 2019.
IRS and Treasury Release Second Set of Opportunity Zone Guidance
Posted by Cory Van Deusen V on June 14, 2019
On April 17, 2019, the IRS and Treasury issued its much anticipated second set of proposed regulations under Internal Revenue Code, Section 1400Z-2, Special rules for capital gains invested in opportunity zones.
2018 Year-End Tax Planning for Businesses
Posted by Sherry DelleBovi, Michael Grimaldi, Mark Janulewicz, Brian Kern, Michē Needham, David Schlein, Cory Van Deusen V on January 03, 2019
Business tax planning is very complex. Careful planning involves more than just focusing on lowering taxes for the current and future years. How each potential tax saving opportunity affects the entire business must also be considered.
Watch Out for these Tax Issues When Planning for Your Business in 2018
Posted by Cory Van Deusen V on August 14, 2018
The Tax Cuts and Jobs Act makes sweeping changes, but some of the new provisions won't necessarily be relevant to your situation. Here's a quick reference guide to the major changes under the new law to help you understand what's changing.
Many Taxpayers Will Pay No Tax on Long-Term Gains and Dividends
Posted by David Schlein on August 09, 2018
Do you have long-term capital gains or qualified dividends? If so, there's good news: After the Tax Cuts and Jobs Act (TCJA), you might still qualify for the 0% federal income tax rate on these types of income.
Capital Gains Rates Before and After the New Tax Law
Posted by David Schlein on June 08, 2018
The tax brackets for long-term capital gains and qualified dividends are changing under the new tax law. For 2018 through 2025, these brackets aren't linked to the ordinary-income tax brackets for individuals.
Go Green, Save Green: Tax Breaks for Saving Energy
Posted by Kerry Roets on May 18, 2018
Spring reminds us to consider implementing changes to help reduce the amount of energy we consume, but “going green” isn't just good for the Earth — certain energy-saving expenditures also may qualify for generous tax breaks that are good for your pocketbook, too.
The Outlook for Charitable Donations Under the New Tax Reform Law
Posted by Donna Gonser on April 19, 2018
Donations are estimated to drop as much as $13.1 billion as the result of changes made under the new tax reform law.
Year-End Tax Planning (CCH) • November 2017
Posted by Cory Van Deusen V on November 30, 2017
Highlights of the 2017 Tax Planning Year include: Tax Reform – Different Paths; Rate Cuts – 2017 or 2018?; Standard v. Itemized Deductions; Depreciation Strategies; Life-Cycle Considerations; and Timing Strategies.