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Janna Goudarzi, MST
Nov 6, 2018

Exempt organizations (EOs) may be required to provide information on its activities conducted outside the United States on a number of information forms, including Form 990.  These reporting requirements don’t just apply to EOs with foreign offices or overseas programs, and penalties for failure to comply can be severe in some cases.  Therefore, it is important for EOs to be aware of the potential foreign filing requirements and assess its potential compliance risk.

Lisa Heller, CPA
Nov 1, 2018

The IRS has issued long-awaited guidance regarding the calculation of unrelated business taxable income (“UBTI”) for exempt organizations under the new tax law. Although it is considered interim guidance, taxpayers may rely on the guidance given here until proposed regulations are issued.

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