A Common Form 990 Risk Nonprofits Often Overlook: “Small” Revenue Streams
When nonprofit organizations think about Form 990 compliance risks, attention is often focused on large…
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Treasury and IRS Issue Proposed Regulations on the Clean Fuel Production Credit (Section 45Z)
The Department of the Treasury and the Internal Revenue Service have issued proposed regulations providing…
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IRS Expands Simple Payment Plans to Business Taxpayers
The IRS has expanded eligibility for Simple Payment Plans, formerly known as Streamlined Installment Agreements,…
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IRS Extends SECURE 2.0 Amendment Deadline for IRAs and Certain Employer Plans
The IRS has issued Notice 2026-09, providing welcome relief for retirement plan sponsors and financial…
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What Board Members Often Don’t Realize About Form 990 Disclosures
For many nonprofit leaders, Form 990 is viewed primarily as a tax filing. In reality,…
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IRS Filing Season Is Open: What Nonprofit Leaders Should Be Doing Now
With the IRS now accepting 2025 tax year filings, nonprofit organizations are officially in filing…
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IRS Issues Guidance on Permanent 100% First-Year Depreciation Under the One, Big, Beautiful Bill
The U.S. Department of the Treasury and the Internal Revenue Service have released Notice 2026-11,…
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IRS Reopens Group Exemption Letter Requests: What Nonprofit Associations Need to Know
The Internal Revenue Service has formally reinstated and updated the process for requesting group exemption…
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IRS Issues Revenue Procedure 2026-10 on Retroactive QEF Elections
The Internal Revenue Service has released Revenue Procedure 2026-10, providing additional procedural guidance for taxpayers…
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IRS Announces Opening of the 2026 Filing Season: What Taxpayers and Organizations Should Do Now
The Internal Revenue Service has announced that the 2026 federal filing season will officially open…