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Unrelated Business Income Tax related to real estate

Monthly Archives: August 2011

Unrelated Business Income Tax related to real estate

Churches need to be aware of unrelated business income tax (UBIT). Here’s some information about UBIT related to real estate, Read More >>

5 ways to stay on top of your 401(k) plan

It was discouraging to see the article in Forbes last week (August 16, 2011) titled, “Why 401(k) plans are doomed Read More >>

Documents that require ready access

If someone came to your office and asked to see documentation about your organization’s nonprofit status, could you produce the Read More >>

Using your audit to apply for grants

Many organizations have an annual audit dictated by their bank, board of directors or nonprofit charter. The audit can also Read More >>

Be sure to fix improper forfeiture suspense accounts

A common plan mistake that I see is plan sponsors not monitoring forfeiture accounts. Forfeiture accounts occur when monies are Read More >>

Nondiscrimination Statement required of churches with private schools

If there is a private school associated with your church that is exempt under 501(c)(3) of the Internal Revenue Code, Read More >>

How to be a better fiduciary

The scrutiny on employee benefit plan administrators is intense, and plan management will continue to be an extremely important topic Read More >>

Individual or Solo 401kplan

A reader asked “Is it feasible and allowable to have a 401(k) plan for one employee?” I checked with Chet Teichman, Read More >>

Unrelated Business Income Tax (UBIT) related to real estate

Tax exempt organizations still face the prospect of paying taxes on unrelated business income. Income that qualifies for tax meets the Read More >>