Nonprofit Blog

Welcome to the Nonprofit Blog hosted by the professionals at Armanino, CPAs & Consultants. This blog is set up to inform nonprofit organizations of trends, rule changes, best practices and free educational offerings that we have built to support nonprofit organizations. Our professionals bring you their insights from an accounting and organization perspective to help nonprofits reach their goals. We support our clients with advice, direction and best practices.

Friday, December 11, 2015

IRS Proposal: Nonprofits Should Collect Donor Social Security Numbers

The Internal Revenue Service (IRS) has proposed a rule change that would allow nonprofit organizations to collect social security numbers for donors contributing $250 or more and report those contributions to the IRS on a new form. This would serve as an alternative to providing “contemporaneous written acknowledgment” to the donor. If you’d like to …

Tuesday, August 25, 2015

Nonprofit State Registration: Know the Facts

Many nonprofit finance teams have questions concerning state registrations: “Why do we have to register?  Where do we need to register?  How often do we need to register?  What happens if we don’t register?”  This is why Charity Compliance Solutions, sponsors at our latest Nonprofit Symposium in San Francisco, has helped us answer five major …

Thursday, June 25, 2015

Nonprofit Symposium | Renovating the Nonprofit Approach to Finance

Now in its fourth year, Armanino’s Nonprofit Team is pleased to host our annual Nonprofit Symposium on July 15, 2015, at the Hotel Nikko in San Francisco. Recent to Cutting Edge: Renovating the Nonprofit Approach to Finance was designed specifically for finance executives of today’s leading, larger nonprofit organizations, the free, half-day forum offers education …

Tuesday, March 31, 2015

A Lesson in Status: Learn from Insurer’s Tax Woes

The Los Angeles Times reports that the nonprofit Blue Shield of California—the state’s third-largest health insurer—has been stripped of its state tax-exempt status, and may be on the hook for tens of millions in state taxes each year moving forward. The insurer’s California status was revoked in August of last year (it’s just now becoming …

Tuesday, September 13, 2011

Proposed Change to Limit Individual Charitable Deductions

President Obama submitted his American Jobs Act to Congress this week. One of the main tax items proposed is to limit the itemized deduction, which includes charitable deductions, to 28% of a taxpayers’ taxable income. This would apply to joint filers with adjusted gross income over $250,000 and single filers with adjusted gross income over …

Wednesday, August 31, 2011

California Denies Property Tax Exemption to Nonprofits

The California Board of Equalization has created quite a buzz across the non-profit community lately. Lawyers have come forth in the past two weeks stating that their clients have been denied property tax exemptions by the state of California because they did not “primarily benefit persons within the geographical boundaries of the State of California.” …

Friday, July 8, 2011

No Gift Tax Liability for Contributions to 501(c)(4)s

The IRS recently stated that it “will not use resources to pursue examination” on gift tax on contributions to 501(c)(4)s – social welfare organizations. The IRS previously threatened to apply a gift tax for contributions to these organizations. With election year quickly approaching and lots of media attention, there was concern that individuals might be …

Friday, January 7, 2011

Lodging Provided to Employees: Taxable or Not?

Do you provide lodging to an employee? Are you a school that allows the headmaster or other employee to live in a school-owned property? Are you a teaching hospital that provides housing to its residents? The IRS has definitive rules for whether or not lodging is a taxable event to the employee. Special rules exist …

Tuesday, December 14, 2010

Is the IRS About to Focus on UBIT and Political Activity?

Former IRS exempt organization director, Marcus Owens (currently principal with Caplin & Drysdale), predicted at a tax-exempt conference on October 22 that the IRS’s next compliance check questionnaires are likely to address unrelated business income taxes (UBIT) and possibly political activity. If your organization has not had a recent “check-up” in these areas, do so …