The Tax Cuts and Jobs Act passed by Congress in 2017 (the Act) contains a provision making qualified transportation fringes (QTFs) nondeductible to taxpayers (IRC Section 274(a)(4)).
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 r
The IRS has issued long-awaited guidance regarding the calculation of unrelated business taxable income (“UBTI”) for exempt organizations under the new tax law.
One of the most frustrating internal control processes for accountants and auditors alike is the dreaded company credit card and employee expense reimbursements. You might be thinking, let’s
The Treasury Department has issued new guidance which eliminates the requirement to disclose the names and addresses of donors for a large swath of exempt organizations.
