Taxes August 4, 2026
Form 990: Classifying a School That Hasn’t Opened Yet: Obtaining IRS Approval and What Happens If the IRS Disagrees
An organization with concrete plans can obtain a favorable determination while it is still pre-operational.
Taxes June 11, 2026
IRS Intends to Issue Proposed Regulations for Executive Compensation at Tax-Exempt Groups
The Treasury Department and the IRS said last week they plan to issue proposed rules addressing the tax on excessive compensation and excess parachute payments to top executives of tax-exempt organizations under the One Big Beautiful Bill Act.
Nonprofit June 4, 2026
Expanded Section 4960 Rules Create New Financial Planning Challenges for Nonprofits
Executive compensation planning is becoming more closely tied to broader financial risk management.
Financial Reporting May 28, 2026
Expanded Section 4960 Rules Create New Financial Planning Challenges for Nonprofits
The One Big Beautiful Bill Act expands IRC Section 4960, widening the 21% executive compensation excise tax to include all employees earning over $1 million.
Taxes May 11, 2026
AICPA Pushes IRS for Code Section 4960 Excise Tax Transition Relief
The American Institute of CPAs requests transition relief and comprehensive guidance regarding Section 4960 of the tax code, amended last year by the One Big Beautiful Bill Act, that imposes an excise tax on applicable tax-exempt organizations.
Taxes April 28, 2026
Form 990 Revisions Aimed at Cracking Down on Fraud by Tax-Exempt Groups, Treasury and IRS Say
The Treasury Department said on April 23 that the IRS is planning revisions to Form 990 intended to discover misconduct at tax-exempt organizations and hold fraudsters accountable.
Taxes April 22, 2026
Whistleblowers Called On to Help IRS Uncover Federal Funds Misuse
The tax agency on April 17 issued a Whistleblower Alert, a new way for the IRS to spotlight high-risk areas and reach people who may have direct knowledge of noncompliance.
Taxes April 6, 2026
IRS: Business Tax Accounts Expand to Partnerships, Tax-Exempt Groups, and Government Entities
The IRS's online self-service platform for businesses is now available to partnerships; federal, state, and local governments; Indian tribal governments; and tax-exempt organizations, the tax agency said April 6.
Taxes December 8, 2025
How Much Should the IRS Know About Your Charitable Giving? It’s More Than You May Realize
Even if you never claim a tax deduction, the federal government may still know which charities you support.
Taxes November 20, 2025
Trump’s Library Foundation Got Special Treatment From the IRS During the Government Shutdown
The Donald J. Trump Presidential Library Foundation filed its request for tax-exempt status to the IRS on Oct. 10 and got an approval letter just 10 days later, according to tax records.
Financial Reporting October 31, 2025
Registration Opens for November 17 FASB Webinar for Private Companies and Not-for-Profits
The webinar, FASB Update for Private Companies and Not-for-Profit Organizations, will take place on Monday, November 17, 2025, from 1:00 to 3:05 p.m., EST.