filed in Taxes on Apr.20, 2010
If you work for a non-profit you may not have heard of the Accounting Standard relating to Uncertainty in Income Taxes. Or if you have heard of it, you may be thinking that it does not apply to you since non-profits do not pay taxes. If you fall into this line of thinking, then you [...]
filed in Not-For-Profit (non-profit) Accounting on Oct.06, 2009
A recent Tax Court case has brought to our attention a taxable event that can catch nonprofit organizations by surprise.
We all know that certain income from debt-financed property can result in unrelated business taxable income. This is normally rent that is collected on mortgaged property. The nonprofit is taxed on the net rental income, at [...]
filed in Fundraising on May.12, 2009
During these economic times organizations are becoming more creative in how they try to drum up donations. One way an organization may be thinking of doing this is through fundraising activities such as bingo, lotteries, raffles, pull-tabs, etc. If this is a route your organization is thinking of taking, there are certain things you should [...]
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