Elaine's Tax Tips for Nonprofits

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

Wednesday, July 3, 2019

Maximizing and Working with Qualified Charitable Distributions from an IRA

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Enacted in 2006 and made permanent as of 2014, Congress provided a vehicle for owners of individual retirement accounts (IRAs) to make cha...
Monday, March 18, 2019

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Benevolence Meeting the Ever Increasing Need What Is Benevolence Benevolence is  the desire to do good to others,  an act of kindnes...
Monday, February 11, 2019

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Compensation Planning Building the Basic Foundation - Part 2 Building off the first four blocks of compensation planning discussed i...
Monday, February 4, 2019

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Compensation Planning Building the Basic Foundation - Part 1 Virtually all organizations face a lot of moving parts and pieces in...
Monday, January 21, 2019

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Does Your Organization Need to Pay the “Parking Lot" Tax? Insights on new guidance from the IRS. Concerns and questions arose l...
Monday, April 9, 2018

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Unrelated Business Income - More Than Income These Days The tax-exempt community has long been immune from many of the tax provisions m...
Monday, October 30, 2017

Charitable Contributions - A Primer in Preparation for Year End

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Often when I present tax updates to nonprofit organizations and churches, a section on charitable contributions is included.  These section...
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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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