The Internal Revenue Service has introduced Form 15644, Supplemental Group Ruling Information, for central organizations that maintain group exemption letters. Form 15644 is the...Read More
In Kwong v. United States, the Court of Federal Claims delivered a significant win for taxpayers by ruling that the federal COVID-19 disaster declaration...Read More
The U.S. Department of Labor has finalized a new rule that will significantly revise the annual financial reporting requirements for labor organizations under the...Read More
The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, has introduced the most significant overhaul of information reporting in decades....Read More
The Internal Revenue Service recently updated the electronic filing procedures for Form 8976, Notice of Intent to Operate Under Section 501(c)(4). Organizations that intend...Read More
In July 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable...Read More
On January 20, 2026, the Internal Revenue Service issued Revenue Procedure 2026-8, updating the procedures for obtaining and maintaining group tax exemption letters. The...Read More
In December 2023, the FASB issued ASU 2023-09, which amends ASC 740, Income Taxes, to enhance the transparency and disaggregation of income tax disclosures....Read More
Every tax-exempt organization relies on its ability to carry out its mission without incurring unnecessary financial burdens. Maintaining that status requires careful attention to...Read More
One Big Beautiful Bill Act The One Big Beautiful Bill Act, recently signed into law, enacts wide-ranging updates to U.S. tax policy. The legislation...Read More
