Author: Mary Campagnolo

Bringing Sales Tax into the 21st Century – Online Sales Tax

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By: Eric Owens
The Marketplace Fairness Act of 2017 was introduced in the U.S. Senate in late April 2017 by a bipartisan group of senators. This piece of legislation has been introduced on several occasions since 2011, having passed in the Senate in 2013 only to be later shot down in the House. The purpose of […]

New Email Scam Targets Payroll Information at Nonprofit Organizations

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By: Christian Spencer, CPA, Partner
During 2016 a large number of nonprofit organizations received fraudulent e-mail requests to wire funds to fictitious vendors or to bank accounts not associated with legitimate vendors. This fraud scheme, also known as spear-phishing, generally commenced with an email that appeared to come from a high-level employee within the organization.  […]

Tate & Tryon Welcomes Three New Hires

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Tate & Tryon is pleased to announce the addition of 3 new hires to our outsourcing and technology practices. Please join us in welcoming the following new team members to the Firm:
Taek Kim, Dynamics GP Consultant, T3 Information Systems
Taek Kim has joined the Firm’s technology practice, T3 Information Systems, as a Dynamics GP Consultant. Previously, […]

Understanding Your Responsibilities for Reporting Unclaimed Property

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Over the past several months, the District of Columbia Unclaimed Property Division (the Division) has been requiring select organizations to perform a self-audit that is intended to identify unclaimed property not reported to the District.  The Division has been selecting District of Columbia (the District) based organizations who have not remitted an annual unclaimed property […]

Deborah Kosnett and Mike Sorrells Speaking at Upcoming Washington Nonprofit Legal and Tax Conference

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Deborah Kosnett and Mike Sorrells will be speaking at the upcoming Washington Nonprofit Legal and Tax Conference which will be held March 23-24, 2017 at the Mayflower Hotel in Washington, DC.
The Washington Non-Profit Legal & Tax Conference provides an in-depth perspective on vital issues affecting exempt organizations such as UBIT, the 990, IRS audits, charitable […]

FinCEN Grants Automatic Extensions for Filing FBARs

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By: Lisa W. Heller, CPA, Senior Tax Manager

The Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department has changed the annual due date for filing FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), from June 30 to April 15. The change is effective for foreign financial accounts maintained during and after calendar […]

2017 IRS Tax Exempt Work Plan: What the IRS has in Store for Nonprofits

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By: R. Michael Sorrells, CPA
In most years the Internal Revenue Service releases its work plan for Exempt Organizations, Government Entities and Employer Plans. This document summarizes its major activities and accomplishments in the sector for the prior year and discusses plans for the upcoming year, including information about its audit focus, determination and ruling processes, and […]

FBI Warns of Rise in Online Fraud Targeting Finance Operations – CPA Profession Proposing Cybersecurity Guidelines

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By: Charles Tate, CPA, MS
FBI officials are warning potential victims of the Business E-Mail Compromise scam or “BEC,” a sophisticated scheme targeting American businesses that has resulted in massive financial losses. One version of the BEC. is the “Man in the Middle” scam. It works like this:  An organization which often has a long standing […]

The IRS 2016-2017 Priority Guidance Plan—Plans for Exempt Organizations

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By R. Michael Sorrells, CPA
Each summer, the Internal Revenue Service releases its Priority Guidance Plan (PGP) for the upcoming year. This document includes projects that cover all areas of tax, including businesses, individuals, health care, and exempt organizations.  The IRS solicits suggestions from interested parties, such as taxpayers, practitioners and industry groups (e.g., the AICPA […]

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