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Non-profit Tax Services

Considering the current turbulent times, ranging from a volatile economy to changes in legislation, new accounting standards and increased tax reporting compliance, it’s more important than ever to partner with a firm with non-profit experience. We will keep you abreast of current issues and take a proactive role in helping you address them.

BlumShapiro has significant expertise in non-profit tax matters, preparing hundreds of Form 990 and other charitable state filings annually. We monitor tax developments affecting non-profit organizations and keep you in the know on those that impact you directly. 

Our nonprofit tax services include:

  • Preparation of Federal Forms 990/990-T and 990-PF
  • Preparation of state charitable filings
  • Application for exempt status (Forms 1023 and 1024)
  • Representation in state and IRS audits
  • Unrelated business and income tax (UBIT) planning
  • Form 5500 reports
  • Unrelated business income reviews
  • Intermediate sanctions studies
  • Fringe benefits, perquisites, deferred compensation and accountable plan rules
  • Donor and fundraising matters
  • Worker classification
  • Lobbying and political activity
  • Joint ventures, taxable subsidiaries and related organizations
  • Tax-exempt bond compliance
  • State tax matters
  • International tax matters
  • Other filing requirements and IRS controversy representation

We have extensive technical resources and specialized knowledge, combined with responsive, personal attention and accessibility to our partners and managers. Strong communication and timely responses are the keys to our working relationship with our clients. We understand the issues, demands and strict deadlines that you face, and we will work consistently with you, providing high quality service.

We have a unique tax preparation approach. In most cases, the audit or accounting engagement team is also responsible for preparation of the returns. This approach increases efficiency as the return information gathering is accomplished during the engagement by the team that is most familiar with your operations.
 

Contact our Non-profit Services Team for more information:


 

 

Advisors | Auditors | Consultants | CPAs – BlumShapiro is one of the premier nonprofit Accounting firms in New England and a Top 100 CPA Firm in the U.S. Our professionals serve associations, charities and trade organizations in Boston (MA), Hartford (CT), Cranston (RI), Shelton (CT), Quincy (MA)and Newton (MA) with audit, tax and business consulting services. We are members of the Connecticut Association of Nonprofits, Connecticut Council for Philanthropy, Connecticut Society of Association Executives and the Hartford Foundation for Public Giving.