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Elena Faurie

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“Parking Tax” Repealed, But Still No Guidance on How to Claim Refunds

On December 20, 2019, the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (Act) repealed Internal Revenue Code Section 512(a)(7). Implemented as

Possible Tax Ramifications of Robert F. Smith’s Student Loan Payoff

Billionaire Robert F. Smith, the founder, chairman and CEO of a private equity firm Vista Equity Partners, promised to pay off the school loans of the

Relief from addition to tax for underpayment of estimated income tax for tax-exempt organizations that provide Qualified Transportation Fringe Benefits

As a result of the changes made to Internal Revenue Code (IRC) sections 274 and 512 by the Tax Cuts and Jobs Act of 2017, tax-exempt organizations must

Bill Introduced to Repeal Unrelated Business Income Tax Rules for Exempt Organizations

On June 7, Rep. K. Michael Conaway, R-Texas, introduced H.R. 6037, the Nonprofits Support Act that seeks to repeal two unrelated business income provisions

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New Revenue Procedure for Contributors Making Donation to Tax-Exempt Organizations

New Revenue Procedure 2018-32 modifies, consolidates and supersedes Rev. Proc. 81-6, Rev Proc. 81-7, Rev. Proc. 89-23 and Rev. Proc. 2011-33 in providing

Changes for PA Nonprofit Organizations

The Pennsylvania Solicitation of Funds for Charitable Purpose Act (SFCP) requires organizations soliciting charitable contributions from Pennsylvania residents

The IRS May Reject Faulty Paper Filed Exempt Organization Returns

Electronically submitted tax returns that are incomplete or incorrect are rejected automatically by the IRS. However, faulty paper-filed returns do not
Tax
Elena Faurie | 5.30.2017

IRS Compliance Campaign Use of "Soft Letters"

The IRS Large Business and International (LB&I) division is transitioning its audit process from industry, taxpayer-focused examinations to targeted

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Pennsylvania Nonprofits' Concerns and Challenges

The Lincoln Institute for Public Policy Research and the Pennsylvania Association of Nonprofit Organizations conducted their 2016 Pennsylvania Charitable

The Donald J. Trump Foundation Acknowledges Self-Dealing

On November 21, The Donald J. Trump Foundation (the Foundation) released its 2015 Form 990-PF, Return of Private Foundation to the public and uploaded

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