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Industry Alerts

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. 

Mar 22, 2016 Beware: Phishing Scheme Involving W-2s
 

There has been an elaborate phishing scheme this tax season that attempts to trick human resources and payroll professionals into revealing employees’ personal information, including names, email addresses and Social Security Numbers. Cybercriminals pose as executives in emails in an attempt to secure this data.

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.

Jackie’s leadership allowed me to stay focused when faced with an audit a month after returning from extended leave. She stays in contact with me throughout the year and responds immediately to any questions ... I am always impressed by the quick turnaround time. Our audit always goes smoothly.

Feng Zhang |  Finance Manager
The Arc of the United States