Articles
IRS Launches New Search Tool to Replace EO Select Check
Private foundations looking for an upgrade over EO Select Check should look no further as the Internal Revenue Service (IRS) launched a new online tool called Tax-Exempt Organization Search (TEOS). Its objective is to help users find information on the federal tax status of grantees and potential grantees. The new online tool replaces EO Select Check, the federal search engine that has been in service since 2012.
New York State Expands Taxation of Nonresidents
New York State is on a hunt for increasing personal income taxes on nonresidents. Its method: expanding the definition of a nonresident individual’s source income. Nonresidents, of course, are the easiest of targets. They don’t vote in the state.
AICPA Requests IRS Form 990 Changes and NJ DCA Updates Registration Requirements
Recently, the American Institute of Certified Public Accountants (AICPA) formally requested the Internal Revenue Service (IRS) to consider making suggested changes to the 2018 Form 990, Return of Organization Exempt from Income Tax, that conform with new financial statement reporting changes required under the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities.
Remember SALT Issues in M&A Due Diligence Situations
Buyers of businesses are often eager to get the deal done. But tax due diligence may be worth the wait. There can be a significant impact on the market value of a target company. State and Local Tax (SALT) issues, in particular, can sometimes be deal breakers.
Cyber Roundup – May 2018
Before we get to this month’s cyber events — which many of you may consider to be “jaw-dropping” in their intensity and reach — let’s be reminded of the FBI’s list of steps that should be taken to help protect your computer from intrusion.
How the Meals and Entertainment Deduction Is Impacted by the Tax Act
The Tax Cuts and Jobs Act could very well benefit many taxpayers due to the corporate and individual tax rate reductions.
Non-Profits Subject to Excise Tax on Excessive Compensation to Employees Under New Tax Reform Act
The effects of the new tax law are wide-ranging.
PKF Worldwide Tax Update — Spring 2018 Edition
Bringing together professionals from tax jurisdictions around the world, PKF International Limited has codified recent tax changes by country for those individual and business clients with multi-national connections.
Understanding the New Tax on Excessive Compensation
The effects of the new tax law are wide-ranging and this newsletter will focus on compensation provided to certain employees by private foundations and tax-exempt organizations.
Tax Reform: New Excise Tax on Excessive Compensation Paid by Tax-Exempt Organizations
The effects of the new tax law are wide-ranging and getting out information to our clients is our goal.