The Fiscal Cliff and Nonprofits

The impending “fiscal cliff” which has been the hot topic in the news recently, has the potential to not only hit the wallets of all taxpayers, ... read more >

Proposed Revisions to Single Audit Requirements


By Trevor Warren

In March 2012, the Office of Management and Budget (OMB) issued for comment proposed guidance titled: Reform of Federal Policies Relating to Grants and ... read more >

NFP Governance: Auditor Rotation

Auditor rotation is being heavily debated in the accounting world. Due to requirements outlined in the Sarbanes-Oxley Act public companies are required ... read more >

Cancellation of Student Loan Debt Is/May Not Always Be Taxable


By John Kohler

Generally, when debt is forgiven, it is considered to be a taxable event to the individual who originally incurred the debt. In certain situations, some ... read more >

Survey Released to Small Tax-Exempt Organizations by IRS


By Beth Mellon

The IRS recently announced that a questionnaire has been issued by the Exempt Organization Division to a sample of randomly selected tax-exempt organizations. ... read more >

Not-for-Profit Contributions: Annual Checkup

As we approach the end of the calendar year and individual and corporate donors are making contributions for tax-planning purposes, it’s the perfect ... read more >

Notes from the AICPA Oil and Gas Conference

I had the pleasure of attending the National Oil & Gas Conference in Denver this past week. This conference was unlike most national conferences presented ... read more >

Group Ruling Questionnaire


By Tod Wilson

The IRS is asking a group of 2,000 501(c)(3) central organizations with group exemptions to complete an on-line questionnaire in order to help the IRS ... read more >

Software Piracy and the Business Software Alliance


By Jackie Emert

The Business Software Alliance (the "BSA") is a nonprofit, self-funded alliance that advocates for enforcement of anti-piracy laws. The BSA is ... read more >

It's Here: Form 1099-K Business Income Matching


By Dennis Mowrey

In September, the IRS launched its first information return–matching program for corporate entities filing Forms 1120, 1120S and 1065. This program ... read more >