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Complete Repeal of Taxes on Transportation Benefits
In an end-of-year push, nonprofits nationwide scored a huge victory late Friday night (12/20/2019): the comprehensive budget bill passed by Congress, and signed into law by the President, includes a complete repeal of the federal unrelated business income tax (UBIT) on nonprofits that provide transportation benefits to their employees.
Posted on: December 24, 2019
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Nonprofits Fight Sale Of .ORG Registry
Posted on: December 10, 2019
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Can a 501c3 Advocate for Impeachment of a Federal Office Holder?
Posted on: October 9, 2019
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Labor Department Issues Final Overtime Rule
Posted on: October 8, 2019
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Number of US taxpayers claiming charitable deduction shows significant drop
Posted on: July 19, 2019
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Trump Administration Drops Bid for Citizenship Question in 2020 Census
Posted on: July 3, 2019
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Voices from the Field: What the US Supreme Court’s Census Decision Means for Nonprofits
Posted on: July 2, 2019
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Impact of Five Charitable Giving Policy Proposals
Independent Sector has released an analysis of the potential impact of five distinct federal policy ideas meant to increase charitable giving.
Posted on: June 18, 2019
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Nonprofit Tax Day
Many tax-exempts will be paying taxes for the very first time this year because of provisions in the 2017 federal tax law. That law imposes tax liabilities on charities, houses of worship, and other nonprofits to generate new revenue and offset tax cuts for for-profit corporations and individuals. In this article, David L Thompson of the National Council of Nonprofits outlines notable new taxes and what groups are saying about them.
Posted on: May 17, 2019
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Federal Grant System Activates Process Improvements
The federal government recently activated its online System for Award Management (SAM), implementing a new process for grant applicants designed to reduce duplicative grant compliance efforts. SAM includes a centralized repository where nonprofits can submit common certifications once during the SAM registration or renewal process in lieu of providing them with each grant application.
Posted on: February 22, 2019
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Parking Tax
Last month, the IRS published preliminary guidance (Notice 2018-99) on the new unrelated business income tax (UBIT) on parking and transportation. The notice recommends that nonprofits use a four-step calculation to determine their taxes on parking spaces they own or lease.
Posted on: January 23, 2019
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Tax Reform Bills Have Nonprofit Sector on High Alert
After months of anticipation about the specifics of federal tax reform proposals, national nonprofit sector policy leaders expressed grave concerns about both House and Senate bills.
Posted on: November 13, 2017
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Response to “Religious Liberty” Executive Order
Both the National Council of Nonprofits and Independent Sector released statements in response to President Trump's “Promoting Free Speech and Religious Liberty” Executive Order.
Posted on: May 5, 2017
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The Importance of Nonpartisanship for the Charitable Nonprofit Sector
A statement regarding President Trump's promise to repeal the Johnson Amendment.
Posted on: February 21, 2017
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Federal Labor and OMB Regulations to Affect Nonprofits
Policy changes coming out of Washington, D.C., this spring are expected to affect the costs and operations of New Hampshire nonprofit organizations that have government grants and contracts. The policy changes involve the expected publication of the Labor Department's revised overtime regulations and potential revisions to the OMB Uniform Guidance affecting how nonprofits spend grant funds.
Posted on: May 10, 2016
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IRS Gift Substantiation Proposed Regulation Dropped
The Treasury Department and IRS announced this week that it is withdrawing the proposed Gift Substantiation regulation.
Posted on: January 8, 2016
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Senator Aims to Block IRS Proposal on Optional Donor Data
Senator Pat Roberts has introduced legislation to block a planned Internal Revenue Service regulation to allow charities to submit contributors' Social Security numbers to substantiate donations for tax purposes, Accounting Today reports. The Kansas Republican said the IRS could not be trusted to safeguard donors' personal information and might later make the optional provision of such data mandatory.
Posted on: December 16, 2015
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IRS Rule Change for Nonprofits Comments Due
Comments on proposed new rules from the U.S. Treasury Department and Internal Revenue Service are due by Wednesday, December 16th.
Posted on: December 15, 2015
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