Elaine's Tax Tips for Nonprofits

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

Thursday, December 26, 2019

The Repeal of the Taxation of Qualified Transportation Fringe Benefits

›
Enacting Internal Revenue Code Section 512(a)(7) through the Tax Cuts and Jobs Act 2017, Congress moved into the uncharted territory of taxi...
Wednesday, July 3, 2019

Maximizing and Working with Qualified Charitable Distributions from an IRA

›
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

›
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

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

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

›
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

›
Unrelated Business Income - More Than Income These Days The tax-exempt community has long been immune from many of the tax provisions m...
‹
›
Home
View web version

About Me

My photo
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.
View my complete profile
Powered by Blogger.