Adler Blanchard News

Why Your Nonprofit Must Avoid Excess Benefit Transactions

By |July 6th, 2017|

Not-for-profits that ignore the IRS’s private benefit and private inurement provisions do so at their own peril. These rules prohibit an individual inside or outside a nonprofit from reaping an excess benefit from the organization’s transactions. Violation of such rules can have devastating consequences.

Defining terms

A private benefit is any payment or transfer of assets […]

Tax Increase Prevention Act of 2014

By |December 24th, 2014|

The Tax Increase Prevention Act of 2014 (the Act) was passed on December 16, 2014. Thankfully, the Act retroactively extends most the federal income tax breaks that would have affected many individuals and businesses, but only for one year through 2014. This leaves precious little time to take advantage of these tax breaks. The […]

2014 Year End Tax Planning Ideas

By |December 2nd, 2014|

Year-end planning will be more challenging than normal this year. Unless Congress acts, a number of popular deductions and credits expired at the end of 2013 and won’t be available for 2014. Deductions not available this year include, for example, the election to deduct state and local sales taxes instead of state and local […]

Update on Employer Reimbursements of Employee Health Insurance Premiums

By |December 2nd, 2014|

For plan years beginning after 2013, the Affordable Care Act (ACA) institutes so-called market reform provisions that place a whole host of new restrictions on employer-provided group health plans. These new restrictions apply to all employer-provided group health plans-including those provided by small employers with less than 50 employees. Furthermore, they were not affected […]