Should the Tax-Exempt and Government Entities Division (TEGE), which oversees tax-exempt organizations, operate as an independent agency rather than within the IRS? This question has sparked significant debate, with arguments for and against separating TEGE from the IRS’s broader tax-collection mission. Advocates argue that TEGE would benefit from dedicated resources and enhanced transparency, while opponents …
With federal funding in flux, nonprofits are facing significant uncertainty that may affect their financial statements. Grant freezes, delayed payments, and pending legislation could disrupt operations and complicate accounting practices. Understanding how these shifts impact classifications, disclosures, and other financial reporting elements is crucial for nonprofits navigating this period of volatility. In this blog, we …
Navigating Financial Statement Changes Amid Federal Funding Uncertainty Read More »
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 »
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