Editor’s note: Effective December 20, 2019, nonprofit parking and transportation benefits will no longer be counted as unrelated business taxable income. This full repeal was part of the Taxpayer Certainty…
What New Substantiation and Reporting Rules Mean for Nonprofits, Donors
Nonprofits and their donors now face fewer administrative requirements around charitable contributions, thanks to new rules issued by the IRS in late July 2018. These final regulations provide guidance as…
How Tax Reform Changes Treatment of Net Operating Losses for Nonprofits
Do your nonprofit’s deductions exceed unrelated business income in a given year? If so, you are eligible to take a net operating loss (NOL) in the exceeding amount. While this…
RKL Forum Equips Nonprofits with Strategies for Sustainability
As part of our commitment to community benefit organizations, RKL hosted a half-day Not-for-Profit Change and Sustainability Forum on Tuesday, October 23. More than 70 nonprofit executives gathered at the…
Nonprofit Tax Reform Update: More Guidance on New Approach to Unrelated Business Income from Multiple Trades or Businesses
The legislative language of the Tax Cuts and Jobs Act contained many areas of ambiguity and unclear definitions, and the provisions pertaining to nonprofits were no exception. Organizations have been…