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Gelman, Rosenberg & Freedman distributes industry alerts regarding new tax laws and IRS regulations that have a financial impact on nonprofit organizations, and businesses and individuals.
|Feb 4, 2016||Tax Planning Reminder - Volunteer Services Letters|
|As tax filing season approaches, donors should make sure that they have the proper substantiation to support all of their charitable deductions. As explained in this industry alert, donors who incur expenses connected with their volunteer service activities may need an acknowledgement from the charity to properly deduct such expenses.|
|Jan 29, 2016||Protecting Americans Against Tax Hikes (PATH) and Contribution Substantiation Reminder|
|As a result of recent legislation, the Protecting Americans from Tax Hike Act of 2015 (PATH Act), signed into law by President Obama on December 18th, 2015, newly created and certain existing 501(c)(4) social welfare organizations must now file a notice with the IRS. Failure to provide notice can result in penalties.|
|Aug 11, 2015||New Tax Deadlines and Extensions Signed into Legislation|
On July 31, 2015, President Barack Obama signed into legislation a bill that provided new deadlines and deadline extensions for several tax filings relevant to businesses and individuals. Below are listed the returns affected by passage of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.
|Aug 7, 2015||New Tax Deadlines and Extensions for Nonprofits Signed into Legislation|
On July 31, 2015, President Barack Obama signed into legislation a bill that provided new deadlines and deadline extensions for several tax filings relevant to nonprofit organizations. Below are listed the returns affected by passage of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.
|Jun 26, 2015||10% Ownership of Foreign Corporations - Mandatory Filing Requirement by 6/30/15|
All U.S. entities (including tax-exempt organizations) that maintain at least 10% direct or indirect ownership of stock of a foreign corporation must file a benchmark survey (Form BE-10) with the Department of Commerce Bureau of Economic Analysis. The original deadline for filing fewer than 50 BE-10 forms was May 29, 2015 but has been extended for all new filers until June 30.
Amy is more than an auditor for CFED. She is a valuable business advisor helping us navigate through complex regulations and opaque guidance.
Adnan Bokhari | Chief Financial Officer
The Corporation for Enterprise Development