Eliminating the Concept of Extraordinary Items
Determining whether an event or an item was an extraordinary item has been a confusing and often burdensome determination for accountants and entities alike. Over [...]
Does Your Charitable Contribution Qualify for a Deduction?
When it comes to preparing individual tax returns, many individuals wonder what kind of documentation they need to support their charitable contributions. First and foremost, [...]
Contributed Use of Land and Facilities
Nonprofits receive in-kind contributions that can range from professional services to inventory and advertising. Some nonprofits also receive the right to use and/or lease land [...]