Tax exempt organizations face challenges unlike any other industry. Having a comprehensive tax strategy is key when facing scrutiny from regulators and the public alike. Our dedicated team of specialists is ready to assist a variety of tax-exempt organizations including healthcare systems, education institutions, cultural organizations, private foundations, and pension trusts with traversing their unique issues and navigating policy changes.
Tax-exempt healthcare organizations face many issues such as:
Considerations for healthcare providers include:
Tax-exempt educational and nonprofit institutions have unique challenges including:
For success, organizations should:
Tax-exempt pension trusts encounter various challenges including:
Ideas for effective strategies are:
Tax-exempt private foundations have unique challenges such as:
To improve foundation planning consider:
Most organizations exempt from income tax must report on Form 990 their exempt and other activities, finances, governance, compliance with certain federal tax filings and requirements, and compensation paid to certain persons. Likewise, they must report on Form 990-T unrelated business taxable income (UBTI) and the resulting tax liability, claim certain refunds, and request credits for certain taxes paid.
For most organizations, both Form 990 and Form 990-T are open to public inspection, meaning that the public optics of the disclosures are as important as filing complete and accurate returns with the Internal Revenue Service. With deep experience in this space, our team can help organizations maximize the impact of their Form 990 and Form 990-T as well as ensure complete and accurate filings with the government.
Health Services Tax Leader, PwC US
Partner, Exempt Organization Tax Services, PwC US