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Higher Education

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FASB Proposes Improvements to Not-For-Profit Grant and Contribution Accounting

Several stakeholder groups, including the AICPA, FASB NFP Advisory Committee and others, have raised concerns over the difficulty encountered by many not-for-profit ... read more >

Year-Round Pell: Application and Calculation

Effective July 1, 2017, eligible students are able to receive “up to 150 percent of the student’s Pell Grant scheduled award” with a ... read more >

The IRS May Reject Faulty Paper Filed Exempt Organization Returns

Electronically submitted tax returns that are incomplete or incorrect are rejected automatically by the IRS. However, faulty paper-filed returns do not ... read more >