No Update to Form 990-T in the Near Future

IRS Form 990-T, Exempt Organization Business Income Tax Return has existed essentially unchanged since it first appeared in 1951. In a report issued in ... read more >

What Do the New DOL Overtime Regulations Mean for Not-for-Profit Organizations?

President Obama has recently proposed new overtime pay regulations that would change when an employer is required to pay overtime pay to salaried employees. ... read more >

Not-for-Profit Reporting Model - Part 6: Measuring and Disclosing Liquidity

The Financial Accounting Standards Board (FASB) issued an exposure draft on the financial statement presentation of not-for-profit (NFP) entities this ... read more >

Not-for-Profit Reporting Model - Part 5: Investment Return Accounting Changes

The proposed Accounting Standards Update on the Presentation of Financial Statements of Not-for-Profit Entities put forth by the Financial Accounting Standards ... read more >

What Items Should a Nonprofit Board Review Annually?

On an annual basis, there are a number of issues involving governance and management that a nonprofit’s board of directors should review. Among the ... read more >

IRS Advisory Committee Revisiting the Form 990

The IRS Advisory Committee on Tax-Exempt and Government Entities (ACT) released its 2015 report on June 17, 2015 detailing recommendations for consideration ... read more >

Form 990 Automatic Six-Month Extension and FinCEN Report 114 Change in Due Date Passed by the House and Senate

On July 28, 2015, U.S. Representative Bill Shuster (R-PA) introduced Legislation Bill H.R.3236 - Surface Transportation and Veterans Health Care Choice ... read more >

Attention 403(b) Plan Sponsors! Relief May Be On The Way!

The Internal Revenue Service (IRS) Advisory Committee on Tax Exempt and Government Entities (ACT) recently released its 2015 Report of Recommendations. ... read more >

Financial Outlook Improves for Colleges and Universities

A U.S. Higher Education In-Depth Sector Report issued July 6, 2015 by Moody’s Investor Services states that during 2014 the higher education sector ... read more >