Helping tax-exempt organizations deliver lasting value
Your tax-exempt status has strict rules and regulations along with its advantages. Rules change frequently, and tax authorities will notice oversights.
It is more important than ever for organizations to be fully compliant. We help manage compliance and provide ongoing guidance.
We can help with accountability and transparency, board and management status, troubled grants, possible diverted funds, or program/project setup or termination.
Our Development & Exempt Organizations (DEO) team has deep knowledge about the unique rules and regulations that apply to tax-exempt entities. We understand that every nonprofit is also a business and help tax-exempt organizations and their for-profit affiliates manage risks, drive compliance, and capitalize on new opportunities, while navigating ever-evolving challenges.
Your tax-exempt status brings advantages as well as challenges. Regulations continuously change and require increasing oversight. It is critical that you are aware of requirements and address them quickly and accurately to maximize benefits. We can provide guidance on grants and global tax requirements as well as work with funders of charitable programs.
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Tax-exempt entities, including healthcare, education, social service, and public and private foundations, struggle with an ever-changing array of federal, state, local, and international tax-exempt compliance rules. We can help you manage your opportunities, challenges, and risks.
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Corporate social-responsibility efforts need proper governance and oversight to comply with local tax and regulatory requirements. Our Grant Advisory Services can assist you with program policy and design, risk management, project terminations, and financial grants. Your grants are subject to portfolio assessment, pre- and post-funding review, fund administration, and troubled grants and diverted funds guidelines.
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Tax-exempt organizations that operate globally, as well as in the U.S., must comply with a broader spectrum of requirements. If you work in healthcare, higher education, development and government, private foundations and nongovernment organizations, or corporate citizenship services, we can help you comply, govern, and manage intellectual property, human resources, cash or other property repatriation, asset disposals, and more.
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If you’ve issued or may issue tax-exempt debt to fund capital expenditures, then you must comply with required private business use (PBU) of debt-financed assets. You can monitor and report ongoing business use with the KPMG PBU Tracker Tool and guidance from our tax-exempt debt specialists. We also review management agreements, lease arrangements, and sponsored-research agreements related to tax-exempt bond financing.
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With global trading, you’ll find added requirements and complexity. KPMG can help you calculate taxes and prepare returns, comment on investments for unrelated business income, assist with delinquent returns through the Internal Revenue Service (IRS), obtain penalty abatement, determine tax cost and reporting requirements prior to investment, and look for refund and reclaim opportunities.
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Insights for the Federal Government Sector
Detailing changes within the federal government.
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Insights for the State and Local Government Sector
Navigating the complexities of state and local
