Elaine's Tax Tips for Nonprofits

Offering helpful tips to nonprofit organizations in areas of federal tax compliance.

Tuesday, July 28, 2009

Form 990 Filing Requirements

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Larger organizations required to file an annual information return are well into the preparation process of the new Form 990 for 2008. Many ...
Saturday, July 4, 2009

Hope For The Lost Form 4361

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Ministers are allowed to opt out of Self Employment tax by filing Form 4361 with the IRS. There is a slim window of time during which a mini...
Sunday, June 28, 2009

Mandatory Reporting of Foreign Bank Accounts

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For tax exempt organizations, one of the little known IRS reporting requirements centers around foreign bank and investment accounts held by...
Wednesday, June 17, 2009

Entering the World of the Blog

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Since I am not always the quickest to embrace technology, much to the dismay of my staff and my husband, I have been slow to enter the world...

Minister Sentenced to 21 Months For Tax Evasion

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Recently a minister was sentenced to 21 months in jail for failing to report all of the income received from his church. In reporting his ta...
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About Me

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Elaine Sommerville
I am a CPA with 30 years of experience working with nonprofit organizations in areas of tax compliance for both federal and state issues. I am the sole shareholder of Sommerville & Associates, P.C. located in Arlington, Texas. I am a frequent speaker for the Texas Society of CPAs, The Church Network and an instructor for the AICPA.
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