New Upcoming Webinars Coming Soon!

Learn how FIN 48 will affect your exempt organization
(April 22, 2008)
FASB Interpretation No. 48 – Accounting for Uncertainty in Income Taxes. FIN 48 requires the management of tax exempt organizations to examine and record in the financial statements, the uncertainty that a tax position will be sustained if examined by the taxing authorities. The goal of FIN 48 is to identify uncertain tax positions taken on income tax returns of the audit client, and determine the impact of that uncertainty to the current, non-current or deferred tax accounts on the organization’s financial statements.

Lobbying and Political Activities of Tax Exempt Organizations
(March 11, 2008)
As this year ramps up for the November elections not-for-profit organizations need to be aware of the tax requirements they face regarding lobbying and political activities.

Join us as Jim Sweeney, National Tax Leader with RSM McGladrey explains how lobbying and political activities will specifically affect 501(c)(3), 501 (c)(4) and 501(c)(6) organizations.

Building Green to Save Some Green
(March 6, 2008)
Green Building Basics and Cost Comparisons of Green Buildings and Non-Green Buildings

Leverage entity level controls to reduce fraud and better manage risk
(February 19, 2008)
Learn how to leverage entity level controls to reduce fraud and better manage risk in your not-for-profit organization.

IRS Provides Public Comments Regarding Form 990
(February 4, 2008)
On February 1st, 2008 there is a joint national meeting of the three United States TE/GE Liaison Councils with National IRS Exempt Organization Division officials in the greater Washington, D.C. Metro area.

New “Final Draft” of Form 990 Released for 2008
(January 22, 2008)
On June 14, 2007, the IRS, released the long-awaited rework draft, and completely redesigned Form 990. During the summer of 2007, the Internal Revenue Service (IRS) took public comments about the Draft. It received nearly 700 responses that totaled approximately 3,000 pages of comments. Now, the IRS has released the “final draft” of Form 990 for 2008 (filed in 2009, for tax years beginning in 2008). Although we now have a “final draft” of new Form 990, the instructions for the form have yet to be released. This “final draft” version contains a “core form” of 11 pages and 16 additional Schedules that may or may not be required to be filed by every exempt organization. There were numerous changes made to the initial draft issued in June 2007.

New Regulations Affecting 403(b) Plans of Tax Exempt Employers
(December 18, 2007)
In July 2007, the IRS published long-awaited final regulations for 403(b) plans, the first 403(b) regulations issued since 1964. The new regulations will more closely align 403(b) plans [available only to certain not-for-profits, churches, and public school systems] with the 401(k) plans available to “for profit” plan sponsors.

Contract Surety Bonds: Understanding Today's Market
(November 27, 2007)
As you strive to serve your customers and build your reputation, you need to be certain you have every edge in securing surety bonding. With the many changes impacting the surety industry in recent years, it is critical for you to understand the latest trends and legal issues affecting the surety market and the significance of the relationship between the contractor and producer.

Tax-Exempt Financing: Overview of the Municipal Market
(November 15, 2007)
In order to stay competitive, healthcare and higher education organizations will see significant increases in their capital planning over the next two to five years. Not-for-profit institutions have many different options when it comes to ways in which to finance their capital projects. One of the most cost effective ways to meet these capital needs is through the tax-exempt municipal market.

Exempt Organization Executive Compensation Issues
(October 23, 2007)
The IRS, in the form of a recent compensation study, harsh intermediate sanctions penalties, increased compliance on Form 990, and now a much more “transparent” separate Schedule J, has demonstrably upped the ante with regard to your exposure on the subject of officer, director, trustee, or key employee compensation. As you already know– every organization has officers, directors, trustees, and key employees so this change will affect you!