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…
[WATCH] Sales & Use Tax Best Practices in a Post-Wayfair World
With its June 2018 South Dakota v. Wayfair ruling, the U.S. Supreme Court transformed the sales and use tax landscape. Since then, RKL’s state and local tax (SALT) experts have been…
Form 990: The Board Member’s Guide [Infographic]
Serve on a nonprofit board? The annual Form 990 is a useful way to gauge financial well-being and regulatory compliance. Here’s a page-by-page guide to an efficient and effective review…
New IRS Regulations Curtail PA EITC Benefits: What It Means for Donor Businesses
As the IRS works to put tax reform into practice through regulatory language, there have been ripple effects for several popular strategies, including the federal treatment of charitable contributions made…
Four Steps to Tax Reporting for Payments to Foreign Persons
All your 1099 forms have been filed with IRS and the vendor copies have been mailed – what a relief! While 1099 reporting is commonplace for business owners, did you know…
