Unrelated Business Income: A History

Posted on Wednesday, April 08, 2015

Prior to 1950, tax-exempt organizations did not pay unrelated business income tax.  In Trinidad v. Sagrada Orden de Predicadores, 263 US 578, T.D. 3548,

How Do I Change My Tax Withholding?

Posted on Monday, April 06, 2015

An employer must withhold income taxes from compensation paid to common-law employees (but not from compensation paid to independent contractors). The amount

IRS Audits

Posted on Wednesday, April 01, 2015

There are three main types of IRS audits: correspondence audits, office audits, and field audits (listed in order of increasing invasiveness). Correspondence

Now You Have Paid Staff

Posted on Wednesday, March 25, 2015

Has your nonprofit organization transitioned from an all volunteer organization to one with paid staff?  If so, there are some things that you’ll

Reporting Compensation on Form 990

Posted on Wednesday, March 11, 2015

There are three different places on Form 990 that organizations may be required to report compensation and most likely none of them will result in the same

What Constitutes Income From The Cancellation Of Debt?

Posted on Monday, March 02, 2015

Debt that a borrower no longer is liable for because it is discharged by the lender can give rise to taxable income to the borrower. Debt forgiveness income or

2015 Auto And Truck Maximum FMVs For Cents-Per-Mile/Fleet-Average Valuation

Posted on Thursday, February 26, 2015

The IRS recently issued the maximum fair market value (FMV) amounts that designate the proper valuation rule for employers calculating fringe benefit income

Board Minutes

Posted on Wednesday, February 25, 2015

The Indiana Code requires nonprofit organizations to keep permanently written minutes of all meetings of members and records of all actions approved by the

Help For Taxpayers With ACA Requirements

Posted on Tuesday, February 24, 2015

The IRS and the U.S. Department of Health and Human Services (HHS) are planning outreach efforts during filing season to remind taxpayers about new requirements

IRS Issues 2015 Inflation-Adjusted Vehicle Depreciation Dollar Limits

Posted on Tuesday, February 24, 2015

The IRS has released the inflation-adjusted limitations on depreciation deductions for business-use passenger automobiles, light trucks, and vans first placed

Disclaimer: The information contained in Dulin, Ward & DeWald’s blog is provided for general educational purposes only and should not be construed as financial or legal advice on any subject matter. Before taking any action based on this information, we strongly encourage you to consult competent legal, accounting or other professional advice about your specific situation. Questions on blog posts may be submitted to your DWD representative.

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