The deductibility of most charitable gifts hasn’t changed since passage of the Tax Cuts...
The Tax Implications on Your Not-for-Profit’s Donors
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Emily Smikal
Claiming a Refund or Credit of UBIT or Adjusting Form 990-T
Internal Revenue Code (IRC) Section 512(a)(7) was recently retroactively repealed by the...
Protect Yourself by Filing Your 2019 Tax Return Early
The IRS announced it is opening the 2019 individual income tax return filing season on...
Repealed: UBIT on Transportation Fringe Benefits
A much-hated tax on not-for-profit organizations is on the way out. At the end of 2019,...
Save on Taxes with Your 401(k) Plan
You can reduce taxes and save for retirement by contributing to a tax-advantaged...
Here are the Gift Tax Exclusion Rules…
As we head toward the gift-giving season, you may be considering giving gifts of cash or...
“Kiddie Tax” Rates Can Hurt Your Family – Here’s Why
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents...
The Tax and Non-Tax Benefits of Hiring Your Children This Summer
If you’re a business owner and you hire your children (or grandchildren) this summer,...
Your Year-End Tax and Financial To-Do List
With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial...
The TCJA Prohibits Recharacterization, 2017 Conversions Still Eligible
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free...