CYA on Your CWA’s

By: Pete Kennedy, CPA, Director It honestly hurts to read this recent decision from Tax Court. The above link is to the case summary which is not long but I’ll…

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Accounting Standards for Nonprofit Organizations

By: Vickie Young Beam, CPA, Principal Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage proper use of…

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UBIT NOL Carrybacks Under the CARES Act

By: Daniel Eissmann, CPA, Staff Accountant Several changes have taken place in the past few years in regards to Unrelated Business Income (UBI) Net Operating Loss (NOL) Carrybacks. In addition,…

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General Information About IRS Form 990

By: Alfredo T. Muniz, Staff Accountant What is the 990? IRS Form 990 is a document that most federally tax-exempt organizations, including charitable nonprofit organizations or foundations, file each year…

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