On March 31, 2025, the U.S. Supreme Court heard oral arguments in a pivotal case, Catholic Charities Bureau, Inc. v. Wisconsin Labor & Industry Review Commission (Docket No. 22-796), that could redefine the legal boundaries between religious and secular activities for nonprofit organizations. The case questions whether Wisconsin violated the First Amendment’s religious freedom protections …
The IRS has released new Technical Guides (TGs) to assist exempt organizations in understanding their compliance obligations and preparing for potential audits. These guides consolidate and update previous resources, providing clearer instructions on how IRS examining agents interpret specific issues. Here’s a breakdown of what TG 3-8, TG 3-27, and TG 70 cover, and how …
New IRS Technical Guides for Exempt Organizations: Key Insights Read More »
The IRS has recently released several new and updated guides to assist charitable organizations in understanding and complying with the Internal Revenue Code (IRC). These guides, including TG 3-8, TG 3-27, and TG 70, provide valuable insight into areas such as inurement, private benefit, public charity classification, and charitable trust compliance. Here’s a breakdown of …
Recently Published IRS Guides for Charitable Organizations Read More »
The AICPA has released the 2025 edition of the Not-for-Profit Entities Audit and Accounting Guide, incorporating new and updated guidance that directly affects nonprofit organizations. The updated guide includes changes in accounting and auditing practices, with new provisions on the use of technology in audits, accounting for contract assets, and more. This blog will highlight …
AICPA Releases 2025 Edition of Not-For-Profit Entities A&A Guide Read More »
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