Be proactive, but very careful

Author: Joe Giso

Topics: lobbying, advocacy, politicking, tax-exempt, non-for-profit, Joe Giso, compliance

What Businesses and Individuals Need to do to Avoid Tax Issues Related to the Patient Protection and Affordable Care Act

Topics: individual tax, tax, tax-exempt, Bernard Kaplan, compliance, business tax, Health care, Supreme Court ruling

Affected Companies Can Register to Claim an Exemption Using Form 637

Author: Michael Corrente

Topics: Michael Corrente, life sciences, taxable medical devices, Form 637, excise tax, tax-exempt, IRS

Supplement is Critical to Performing Single Audits

Author: Dyan Reinhold, CPA

Topics: Dyan Reinhold, tax-exempt, non-for-profit, audit, compliance, OMB, A-133, single audit

U.S. Department of Treasury Releases Model Intergovernmental Agreement on Foreign Asset Reporting

Agreement Works to Prevent Tax Evasion

The U.S. Department of the Treasury has issued a model intergovernmental agreement to implement the information reporting and withholding tax provisions of the Foreign Account Tax Compliance Act (FATCA). The provisions are intended to combat offshore tax evasion, and they require foreign financial institutions (FFIs) to report to the IRS information about certain financial accounts.  

Topics: FATCA, Kristen Shepley, tax, tax-exempt, IRS, FSA Assessment, Foreign asset reporting

Exploring Financial Statement Presentation Standards to Improve Communications with Stakeholders

Topics: tax-exempt, non-for-profit, audit, financial reporting, Patrick Quinn

Applications Now Being Accepted

Deadline: October 25, 2012 noon.

Author: Michael Corrente

Topics: Michael Corrente, Tax incentive, life sciences, Massachusetts, tax-exempt

Easier to Figure Out Tax Consequences, or More Complex?

Author: Gary Hayes, CPA

Topics: tax-exempt, IRS, Gary Hayes, reporting stock sales, new cost basis rules

The IRS’ Exempt Organization Division (EO) released its work plan for FY 2012, a comprehensive plan that touches upon areas from Form 990 compliance to employment-tax research. According to the IRS, these efforts are in addition to the division’s permanent determinations and examinations responsibilities.

Topics: tax-exempt, IRS, Form 990, Exempt Organization Division