Holding on to your nonprofit’s exempt status April 11, 2019 - If you think that, once your not-for-profit receives its official tax-exempt status from the IRS, you don’t have to revisit it again, think again. Whether your organization is a Section 501(c)(3), Sec. 501(c)(7) or other type, [...]
Why you shouldn't wait to file your 2018 income tax return 2/18/19 The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you [...]
We are Tax Reform Advisors February 6, 2019 The Tax Cuts and Jobs Act (TCJA), passed in December 2017, has been highly advertised as a simplification to the income tax preparation and filing process. In fact, the TCJA is the largest tax overhaul since the 1986 Tax Reform Act and [...]
Catch-up retirement plan contributions can be particularly advantageous post-TCJA November 27, 2018 - Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) up to the regular [...]
Nonprofit Tax Reform Issues September 7, 2018 Along with all the changes affecting individuals and for-profit businesses, nonprofit organizations were handed their own corner of tax reform when the Tax Cuts and Jobs Act (TCJA) was passed in late 2017. While changes related to employer matters are [...]
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