Industries: Nonprofit
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Section 163(j): Business Interest Expense Limitation
Section 163(j) limits business interest expense deductions to 30% of adjusted taxable income. Learn the rules, exceptions, and how to file Form 8990.
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Income Statement Audit: Key Items Your Auditor Reviews
Learn which income statement items auditors focus on most, from revenue recognition and cost of goods sold to operating expenses, and how to prepare.
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Tax Cuts and Jobs Act: Key Provisions for Corporations
The Tax Cuts and Jobs Act cut corporate rates to 21%, nearly doubled the standard deduction, and reshaped individual tax brackets through 2025.
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7 Tax Saving Strategies You Can Still Use Before Year End
Reduce your tax bill before December 31 with these 7 proven tax saving strategies, from prepaying property taxes to maximizing charitable donation deductions.
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Charitable Giving Tax Deduction
Learn how a charitable giving tax deduction works, key donation deadlines, and year-end strategies to maximize your tax savings before December 31.
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Medical Expense Deduction
The medical expense deduction lets you write off costs above 7.5% of AGI. Bunching expenses into one tax year helps you clear that threshold.
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Not-for-Profit Accounting Standards: ASU 2016-14 Explained
ASU 2016-14 simplified not-for-profit accounting standards with new net asset classes, liquidity disclosures, and expense reporting rules.
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Donating Real Estate to Charity: Tax Pitfalls to Avoid
Donating real estate to charity can yield major tax benefits, but pitfalls like mortgages, appraisal errors, and related-party sales can cost you. Learn how…
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Estate Taxes: Do You Need to Worry About Them?
Most estates don’t owe federal estate taxes. Learn how exemptions, exclusions, and planning strategies determine your tax exposure.
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Trust Tax Rates: 3 Ways to Cut Income Taxes on Trusts
Trust tax rates hit the top federal bracket at a fraction of the individual threshold. Learn three strategies to lower income tax on your…