Nonprofit Tax
New IRS Employer Reporting Requirements Under ACA
AAFCPAs reminds clients that, pursuant to the Affordable Care Act (ACA), the employer information reporting provision for offers of minimum essential coverage, which applies only to applicable large employers, is now in effect. Do you qualify as an ALE? An applicable large employer (ALE) is, for a particular calendar year, any single employer, or group […]
AAFCPAs Warns of Recent IRS-Impersonation Identity Theft Scam
We have been alerted that a number of taxpayers are receiving emails from scammers who are disguising themselves as IRS agents. Generally, the IRS does not send unsolicited e-mails to taxpayers. Further, the IRS does not communicate tax account information with taxpayers via e-mail or use e-mail to solicit sensitive financial and personal information from […]
Navigating Charity Evaluators
How nonprofits can positively impact their rating Communication and transparency are paramount for companies looking to win over advocates in the information age, and the nonprofit sector is no exception. Just as Yelp transformed business reviews and TripAdvisor changed the way the world chooses vacation destinations, evaluation tools are impacting donor perception of charities. The […]
2014 Federal Forms 990 Changes Affecting Supporting Organizations
Nonprofit organizations with a December 31, 2014 year-end are now in the process of reviewing their Forms 990 for the upcoming May 15th due date. In advance of the filing deadline, AAFCPAs would like to advise nonprofits and their Board members of the significant revisions that specifically affect supporting organizations. In 2014, the IRS revised […]
New York State Nonprofit Revitalization Act – Guidelines to Compliance
Reminder: Review Fiscal Policies and Audit Procedures AAFCPAs strongly recommends that nonprofits registered to conduct charitable solicitations in New York State review and revisit their by-laws and policies to ensure compliance with the New York State Nonprofit Revitalization Act of 2013 (The “Act”). The Act, effective July 1, 2014, included sweeping reform legislation which reduces […]
Security Alert: NCCS Data Breach of Form 990 Online and e-Postcard Filing Systems
Urban Institute’s National Center for Charitable Statistics (NCCS) Alerts Users of Data Breach Users of the Form 990 Online and e-Postcard Filing Systems received an email today from the Urban Institute’s National Center for Charitable Statistics (NCCS) informing its constituents of a data breach. AAFCPAs has confirmed that this email is legitimate; NCCS’ 990 websites […]
Congress Passes Tax Extender Legislation
Update 12/22/14: Since this post was first published, President Obama has signed the items discussed below into law. Congress has passed, and sent to President Obama for signature, a bill (Tax Increase Prevention Act of 2014) extending a number of tax provisions that had expired on December 31, 2013. The bill restores a number of […]
Federal and State Fundraising Rules and Regulations Nonprofits Must Know
Alexander Aronson Finning CPAs, in collaboration with Lawyers Clearinghouse, invites you to attend a complimentary “Community Investment Series” Seminar. Participants will discuss: Charitable Solicitation Statutes; The Uniform Registration Statement (URS); Internet Solicitations (i.e. a “Donate Now” button); and How States are Enforcing State Laws Governing Solicitation of Money. When October 23, 2014 8:30 am – 11:00 am Where Boston […]
Reminder: Patient Centered Outcomes Research Institute Fees due July 31
As a reminder, Patient-Centered Outcomes Research Institute (“PCORI”) fees are due July 31, 2014 for all organizations with a self-insured health plan. The PCORI fee is treated like a tax, and is required to be paid annually on Form 720, “Quarterly Federal Excise Tax Return,” by July 31 of the calendar year, immediately following the […]