May 6, 2011
Although many have characterized the IRS's changes to the 2010 Form 990 as merely cosmetic, Form 990 filers need to be aware of key changes as they prepare to file their returns. We have highlighted several significant changes. Read More
Dec. 22, 2010
Congress Passes the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 Read More
April 29, 2010
Since 2007, tax-exempt organizations (other than churches), regardless of the size of their gross receipts, have been required to file yearly forms with the IRS. If a tax-exempt organization fails to file these forms for 3 consecutive years, the organization's tax-exempt status will be automatically revoked. So if you are a calendar-year tax-exempt organization that has not filed your required form for 2007, 2008, and 2009 by May 16, 2010, you will lose your tax-exempt status. Read More
April 14, 2010
On March 23, President Obama signed into law the Patient Protection and Affordable Care Act (the “Health Reform Act”), and a week later signed the Health Care and Education Reconciliation Act of 2010 (the “Reconciliation Act”), which amends certain provisions of the Health Reform Act. Read More
Jan. 28, 2010
2010 has brought with it with several changes in Federal estate tax law – the temporary repeal of the Federal estate and generation-skipping transfer (GST) taxes, the imposition of modified carry-over cost basis for assets held by a decedent, and the reduction in the gift tax rate to 35%. Read More