Valuing tangible property donations to your nonprofit isn’t only important for donors’ charitable tax deductions. It’s also critical for the accuracy of your financial statements. Here’s how to get it right.
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The cost of nursing home care can be high. But you may be able to take advantage of certain tax benefits if your parent is transitioning into one.
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Guaranteeing a loan to your corporation? Without planning ahead, you may face unexpected tax implications.
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Is an irrevocable life insurance trust right for you?
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This year’s Giving Tuesday global fundraising event is scheduled for Dec. 2, 2025. Is your nonprofit ready?
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The One Big Beautiful Bill Act permanently allows the deduction of domestic research and experimental (R&E) expenses in the year incurred, starting with the 2025 tax year. The IRS has issued transitional guidance on the change.
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Receiving an IRS notice doesn’t always mean bad news, and it doesn’t mean you’ve done something wrong. Many notices are informational or involve minor corrections. Here are five common notices and what they mean.
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Will the IRS deem your intrafamily money transfer a loan or a gift? The devil is in the details.
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Qualifying for a loan is typically challenging for nonprofits, but it may be even more so now. Here’s what you need to consider and assemble to make the most persuasive loan application.
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Over age 50? Catch-up retirement contributions could make a huge difference in your future wealth. Here’s how.
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Did your business receive more than $10,000 in cash? You may be required to file Form 8300 with the IRS. Learn what counts as “cash” and how to stay compliant.
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Determining whether to use a quiet trust or an incentive trust in your estate plan can be difficult. Here are the pros and cons.
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This year’s budget season may be challenging for many nonprofits. If you’re going to try to do more with less in 2026, make sure your budget process focuses on staff collaboration and accuracy.
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The One Big Beautiful Bill Act creates new limited deductions for tips and overtime income through 2028. Find out if you qualify and what it means for your tax bill.
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Do you and your spouse operate a small business together? Here are some tax-saving strategies to explore.
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A custodial account offers a flexible way to save for your child’s future, but compare it to other options, such as education-specific savings vehicles and the new Trump Accounts.
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Make your next board retreat more productive by choosing a key issue for discussion. This article suggests several topics that many nonprofits could benefit from investigating in depth.
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Are you an educator spending money out of your pocket on classroom supplies? You may be eligible for a tax break.
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If your business has incurred domestic research and experimental expenses in 2025 (or incurred them in 2022, 2023 and/or 2024), you may have a new tax-saving opportunity this year.
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The OBBBA enhances the tax benefits of qualified small business stock. Here’s how.
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