July 2018

The Tax Cuts and Jobs Act: Implications for Tax-exempt Entities

The Tax Cuts and Jobs Act (TCJA) enacted at the end of 2017 had an immediate impact on all taxpayers, including tax-exempt entities. Nonprofits are faced with new excise taxes, changes to unrelated business taxes, and shifts in charitable giving incentives…

February 2015

REMINDER: Nonprofit Corporations Charter Renewal Due December 31, 2015

New Hampshire’s Voluntary Association Law, RSA 292:25, requires all New Hampshire nonprofit corporations to file a return with the New Hampshire Secretary of State, Corporation Division, each year that ends with a “5” or a “0” to renew their char…

November 2014

Five Things Nonprofits Should Know About: IRS Form 990

Please note that the term "nonprofit" as used here specifically means entities that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code. The 990 is more than a financial reporting form. The IRS Form 990 is an annual reporting form that tax…

September 2014

Five Things Nonprofits Should Know About: Compensation

Please note that the term "nonprofit" as used here specifically means entities holding 501(c)(3) status under the Internal Revenue Code. Deferred Compensation May Be Taxed Sooner. A for-profit organization, if it meets certain criteria, may generally esta…

July 2014

Five Things Nonprofits Should Know About: Mandatory Disclosure of Documents

Please note that the term "nonprofit" as used here specifically means entities holding 501(c)(3) status under the Internal Revenue Code. You Must Provide Certain Documents. Under Federal tax law, nonprofits must make certain documents available for public…

April 2014

Five Things Nonprofits Should Know About: Lobbying & Political Campaigns

Please note that the term "nonprofit" as used here specifically means entities holding 501(c)(3) status under the Internal Revenue Code. Why Political Campaign Activity is a Problem. 501(c)(3) entities are not allowed to participate in or intervene in any…