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Nonprofit Tax Services

Our Approach

Associations, faith-based organizations, social services organizations, private foundations, private schools and other nonprofit entities need a tax partner with extensive experience with tax-exempt organizations. Our dedicated team of nonprofit tax experts understand that your Form 990 is more than just a tax return; it is an overview of your financials, and it outlines your mission and the achievements you’ve made throughout the year.

Services

We also understand that the Form 990 isn’t the only tax-related hurdle nonprofit organizations face. We excel at helping nonprofits address a full spectrum of tax issues including:

  • IRS Forms 990 and 990T: With more than 600 nonprofit clients, we have extensive experience with these crucial filings. Instead of just taking a check-the-box approach, we can help you use your Form 990 as a strategic tool.
  • Unrelated Business Income (UBI) Tax: The distinctions between tax-exempt revenue and the taxable realm of unrelated business income can be complicated. We’ll help you navigate the highly technical rules that separate the two.
  • Multi-entity Planning: For-profit companies aren’t the only ones that can benefit from a multi-entity corporate structure. Used properly, it can help nonprofit organizations manage risk and protect their tax-exempt status.
  • State and Local Tax Returns: Our nonprofit specialists can prepare state and local filings required for income, sales and use or property taxes with maximum efficiency.
  • Application for Exemption: We can help your organization obtain or reinstate its tax-exempt status by completing and filing Forms 1023 or 1024 with the IRS.
  • Review of Internet Transactions: Nonprofits face increasing regulatory scrutiny for their online fundraising activities. Our experts can help you prevent costly mistakes. 
  • State Charitable Registration: We can help you avoid nonprofit tax penalties by maintaining active state registration status in the states where your nonprofit solicits donations.
  • Contract Review: Our experts will help you review your organization’s royalty, affinity and sponsorship contracts to ensure you comply with the complex rules that differentiate tax-exempt and taxable income.
  • Planned Giving: Some donations can end up costing your organization more than the value of the gift. We can help you develop a strong, well-planned gift acceptance policy to prevent these types of surprises.
  • IRS Private Letter Ruling Requests: We’ll ensure that you meet the specific and strict IRS technical guidelines for submission.

Experts

Resources

2015-tax-calendar-armanino
This summary of when various tax-related forms, payments and other actions are due will help you make sure you don’t miss any important 2017 tax deadlines.

How to Detect & Reduce the Risk of Fraud

When it comes to your nonprofit, it is important to be on the lookout for the warning signs of fraud. implementing strong financial controls can help protect your organization.

What Sets Attorneys General on the Warpath Part 2: Excess Benefit Transactions

Nothing raises more ire with your state attorney general than excess benefit transactions—someone in your organization receiving more benefit from a transaction than your nonprofit.

24 Hours of Fundraising: How to Maximize Giving Days

Giving Days is a great way for nonprofits to engage donors online and establish new donor relationships that can lead to long-team sustainability. Maximize your opportunities with these t ...

What Sets Attorneys General on the Warpath Part 1: State Registration

One of the quickest ways to raise the ire of a state attorney general is to drop the ball on charitable solicitation registration.

Passing the Baton

Does your organization have key people who are nearing retirement? Is there a concrete plan to replace them? A succession plan is what your nonprofit needs to carry on its mission.

ACA Reporting Deadlines Are On the Horizon

Now is the time for affected employers to begin assembling the necessary ACA information. This article details what information is required to complete Forms 1094 ...

New Trade Law Hikes Penalties for Tax Reporting Errors

The Trade Preferences Extension Act of 2015 (TPEA) increases by as much as 150% the potential penalties for taxpayers that err in their ACA information reporting to the IRS or payees.

Highway Funding Law Brings Important Tax Law Changes

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 was signed into law on July 31; the 34th stopgap extension of transportation programs since 2009.

Working the Crowd: Crowdfunding for Nonprofits

From “ice bucket challenges” to Kickstarter campaigns, crowdfunding is redefining how many nonprofit organizations raise money.

Earned Income and the Arts: UBTI - Armanino

Funding is a challenge for arts and cultural nonprofits, yet some have found inventive revenue streams. The bad news: they could be creating unrelated business ta ...

The Lowdown on Quasi-Endowments - Armanino

When is an endowment not an endowment? If your organization is like many other nonprofits, you may be considering the possibility of a “quasi-endowment&rdqu ...

Work Opportunity Credits & Tangible Property: What Businesses Need to Know

The IRS recently released guidance on two major areas affecting businesses—the Work Opportunity Tax Credit (WOTC) and the tangible property regulations, and ...

Benchmarking Your University: Beyond the Numbers

Consider internal benchmarks to monitor and detect trends and external benchmarks to ascertain where you’re thriving or lagging behind, based on your peers. ...

Small Employers Get Transition Relief from ACA Excise Tax Penalties

The recently released ACA transition relief period for small employers (those with fewer than 50 full-time equivalent employees) includes 2014 and the first six m ...

Employers with medical reimbursement plans need to review them to ensure they don’t accumulate heavy tax penalties from noncompliance with Affordable Care A ...

nonprofit-risk-assessment-armanino

In the nonprofit world, risks are everywhere and unwary organizations can be blind-sided. Consider these key areas of exposure and ways you can protect your nonprofit.

How to Recruit Your Nonprofit’s Next High Performer

It’s an age-old challenge: finding top finance talent when everyone is fishing in the same pool, from your nonprofit peers to deep-pocketed, for-profit corporations.

Nonprofit: Bits and Pieces

There is a lot of miscellaneous news about the nonprofit industry to report, so I have broken it down into bits and pieces for you.

should-your-nonprofit-cash-in-on-cryptocurrency-armanino

A fascinating fad … or the next evolution of nonprofit fundraising?

What about Donor Restrictions?

Recently, an issue arose that brought the issue of donor restrictions into the spotlight. Sometimes nonprofits receive donations with very specific limitations. What’s an organization to do?

Nonprofits: Seeing Your Way Through Transparency

Since the IRS revised Form 990 more than five years ago to require additional disclosures, transparency has taken center stage with nonprofits.

Investing the Other 95%

You’ve met the 5% Minimum Distribution Requirement. Now, what do you do with the other 95%?

Fundraising Events and Deductibility

We’re dusting off a couple of classic Revenue Rulings (Rev. Rul.) and moving them to the front of the shelf: Rev. Rul. 67-246 and Rev. Rul. 89-51. Each provides guidance that is as relevant today as when it was iss ...

IRS Controversy Continues: So What’s the Big Deal?

Most law firms have really smart lawyers doing really good legal work but, with all the challenges, external pressures, need for change and innovation isn’t it time to consider hiring a CEO?

Nonprofits Aren't “Exempt” from ACA Penalties

If your nonprofit has not evaluated its potential costs related to the employer health care mandate (effective January 1, 2015), do not delay any longer.

Disclosure of Uncertain Tax Positions: Are You in Compliance?

As a tax-exempt organization, you might think that the subject of “uncertain tax positions” doesn’t apply to you. Think again.

When is Non-Profit Income Taxable?

Your 501(c)(3) organization generally is required to pay tax on income that isn’t related to its main purpose — even if that income keeps the not-for-profit afloat.

Nonprofits, I’m Looking Through You

Is too much transparency a bad thing? And how does any organization reveal its inner workings without inviting misunderstanding or drawing criticism?

Dueling for Dollars

Potential funders have their inboxes stuffed with appeals from worthy causes in need of funds. It is essential that an organization’s financial information create a good first impression.

IRS to Increase Investigations of Nonprofit Hospitals and Other Exempt Orgs.

Federal tax authorities in February 2010 launched an initiative to expand its scrutiny of the employment tax practices of nonprofit hospitals and other tax-exempt organizations, and Armanino experts say the initiative ...

Nonprofit Form 990 and Plan 403(b) Receive Makeovers

In 2009, nonprofits will need to look more closely at their Form 990 and 403(b) plans. And when they do, they will find plenty of people looking over their shoulder.

Nonprofits: New Reporting Requirements for Tax-Exempt Bonds

Did your nonprofit organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If your organization fil ...

Small Tax-Exempt Organizations Can Benefit from ACA

On March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act. The new law gives small tax-exempt organizations that provide health care coverage to their employees eligibility for ...