The South Dakota v. Wayfair Inc. (2018) decision allows states to implement economic nexus standards for determining sales and use tax nexus. While there may be a significant impact on organizations who sell taxable goods and services remotely, the change may also impact organizations from a purchasing standpoint.

Direct mail contracts: sales tax implications for not-for-profit organizations 

Not-for-profits are receiving letters from the IRS notifying them of an examination or audit of their Employee Retention Credits (ERC) refund claims. 

Join Baker Tilly’s not-for-profit specialists, Karen Gries and Troy Marine, as they take you through IRS ERC examinations. 

Not-for-profits are receiving letters from the IRS notifying them of an examination or audit of their Employee Retention Credit (ERC) refund claims. 

Troy Marine, firm director with Baker Tilly, has been with the firm since 1997. He specializes in tax-related issues involving tax-exempt organizations as well as their taxable subsidiaries while serving as a firmwide specialist in this area. Troy assists organizations throughout the entire tax-exempt process, from obtaining tax-exempt status to filing annual returns. He helps organizations develop strategies to minimize UBTI, works with organizations on various topics such as governance policies, compensation disclosures and other matters. He also advises clients on upcoming tax law changes for proactive tax planning purposes. Troy works closely with many types of tax-exempt organizations such as college and universities, voluntary health and welfare organizations, associations, religious entities, private golf and social clubs, and many more.

Troy Marine, director with Baker Tilly, has been with the firm since 1997.

Bachelor of Business Administration in accounting
University of Wisconsin-Oshkosh

Advises clients on obtaining and maintaining tax-exempt status for charitable organizations and clubs

Works closely with client in preparation of Forms 1023/1024

Develops strategies to minimize tax on unrelated business income from various sources

Specializes in compliance laws regarding completion of Forms 990, 990T and related State tax forms

Assists with tax-exempt entity formations, reorganizations and liquidations

American Institute of Certified Public Accountants (AICPA)

Wisconsin Institute of Certified Public Accountants (WICPA)

Looking back and planning ahead on key accounting, tax and industry insights 2024 was a transformative year for the not-for-profit (NFP) and higher education industries. From evolving regulatory requirements and presidential election impacts to technological disruptions (like the rise of artificial intelligence) and workforce challenges (including increased leadership turnover), NFPs faced myriad issues and opportunities that will continue to affect these organizations, including colleges and universities, in 2025. Join us for a 2-hour in-depth discussion on key changes and events from the past year and how to navigate the future of this unique industry landscape. Our NFP and higher education sector-specialized team will reflect on important issues and guide you through effective strategies on numerous financial, accounting and operational topics imperative to growth, sustainability and success. Don’t miss this annual CPE session focused on helping your organization drive its mission forward. Learning objectives Gain perspectives from recent Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) meetings on accounting standards, select FASB projects and financial reporting implications of NFP industry trends and observations Discuss the broad challenges and opportunities experienced during current expected credit losses (CECL) adoption Navigate situations and events that may require reassessment of audit procedures for the allowance for credit losses Understand both management's and the auditors’ responsibility relating to ASC 205-40, Going Concern Explore recent challenges with going concern assessments in the current economic environment Recognize where the Employee Retention Credit (ERC) stands and the latest guidance from IRS audits and evaluate if your organization should payback ERC funds or still apply for 2021 Assess new and current tax regulations, their potential impact on your NFP and how to develop strategies to prepare your organization effectively  Meet this year’s presenters and industry specialists Nicki Donlon, CPA, Principal Ellen Labita, CPA, Principal Troy Marine, CPA, Director David Sacarelos, CPA, CGMA, Principal Mike Wascura, CPA, Principal Who should attend Executive leadership and accounting and finance professionals, including CEOs, CFOs, COOs, controllers, audit and finance committee members and board members from any type of not-for-profit organization or higher education institution.

Troy E. Marine

Location

Milwaukee, WI

Education

Expertise

Troy's latest insights

Direct mail contracts: sales tax implications for not-for-profit organizations

NFP Employee Retention Credit audits

Troy's upcoming events

Webinar

2024 year in review: Not-for-profit and higher education update