GRF News

Nonprofit Tax Principal to Present at AICPA’s Not-for-Profit Industry Conference

May 30, 2012

Richard Locastro, CPA, JD, nonprofit tax principal at Gelman, Rosenberg & Freedman CPAs will present at the American Institute of CPAs’ 2012 Not-for-Profit Industry Conference at the Marriott Wardman Park Hotel in Washington, DC. Mr. Locastro’s session, “I Have to Report That, Right?” will highlight IRS reporting requirements for the myriad of transactions that nonprofit organizations engage in every day, which can seem confusing and overwhelming. He will discuss proper payroll, Form 1099 and other reporting requirements for a host of transactions, and answer questions such as:

  • Can an employee really get a Form W-2 and a Form 1099?
  • Do I have to report or withhold on gambling winnings?
  • A donor gave us an airplane – now what do we do?
  • We gave our contest winner money to pay for her college costs – that’s a scholarship, isn’t it?

Mr. Locastro will present from 7:00 am to 8:15 am on Friday, June 22.

Gelman, Rosenberg & Freedman is also a conference sponsor for the AICPA Not-for-Profit Industry Conference. If you plan to attend, please stop by our exhibit booth and introduce yourself.

In the years that I have been working with Robert Albrecht, he has proven to be one of the most productive, reasonable and reliable auditors I have ever worked with. He takes his time analyzing the audit conditions at HQ and mission level before the audit to ensure that the time spent at our facilities is productive and can be 100% dedicated to the important task of finishing a reliable, complete audit in a timely manner

Luis M. Garcia |  Director of Finance
Action Against Hunger (ACF) International