Photo of Steve Talbot
Steve Talbot
Senior Manager
CPA
steve.talbot@mossadams.com
(505) 878-7283
My Profile

Industry Expertise

Higher Education Not-for-Profit

Biography

Steve has practiced public accounting since 2013, after a 25-year career in publishing and journalism. He serves a wide range of tax-exempt clients, including community charities, arts organizations, hospitals, and private foundations.

Steve works on tax compliance and consulting, including tax research on specific issues affecting the not-for-profit industry. He also writes many of the firm’s articles on topics related to tax-exempt entities.

Professional Affiliations

  • Member, American Institute of Certified Public Accountants
  • Member, New Mexico Society of Certified Public Accountants
  • Member, Finance Committee, Philanthropy Southwest

Education

  • BA, magazine journalism and English, Syracuse University
  • MA, accountancy, University of New Mexico

Insights from Steve Talbot

Webcast
2024 Private Foundation Conference:
Day Two, Afternoon Sessions
Explore topics to help you navigate your private foundation’s financial and operational complexity at our annual virtual conference.
Webcast
Article
Corporations Can Boost Brand and Do Good with a Corporate Foundation
A corporate foundation can raise brand awareness, provide tax benefits, and more. Start yours with insights and resources.
Article
Alert
IRS Issues Proposed Regulations on Donor-Advised Funds
Explore proposed regulations issued by the IRS that provide a definition of a donor-advised fund and more.
Alert
Alert
Final Regulations on Supporting Organizations Released
Explore final regulations that prohibit certain contributions to Type I and Type III supporting organizations.
Alert
Alert
How to Determine Interest on Self-Dealing Loans
The IRS Chief Counsel Advisory released a memorandum addressing how to treat interest on a self-dealing loan. Learn details.
Alert
Alert
Tax Deadline Extension Available for Disaster Areas in Certain States
Tax-exempt organizations in federally declared disaster areas in some states are getting relief on filing and tax-payment deadlines. Learn details.
Alert
Article
How Credit Unions Qualify for the Employee Retention Credit (ERC Credit)
Some credit unions could qualify for the Employee Retention Credit (ERC) under the partial suspension allowance.
Article
Alert
Federally Chartered Credit Union Update for Excess Compensation Tax
Until further guidance is released, federal instrumentalities aren’t subject to IRC Section 4960 excise tax as an ATEO.
Alert
Alert
An Inflation Reduction Act Overview for Tax-Exempt Organizations, Governments
Learn about Inflation Reduction Act opportunities ranging from payment in lieu of tax credits, credits, and funding.
Alert
Alert
College Athletic Coach Compensations Come Under Scrutiny
Athletics coaches making over $1 million per year has brought several colleges under question by Congress subcommittee.
Alert
Article
How Not-for-Profits Can Navigate Backlog at the IRS
Not-for-Profits (NFPs) can take certain measures to facilitate getting through to a backlogged IRS.
Article
Alert
Not-for-Profits Must File Form 1024 Electronically for Tax-Exemption Status
Some organizations pursuing tax-exempt status will now need to file Form 1024 online with accompanying application fees.
Alert
Alert
Funding Allocated for the Energy Efficiency Materials Pilot Program
Not-for-profit organizations can apply for grants to make buildings use less fuel.
Alert
Alert
IRS Issues Guidance for Limited Liability Companies to Qualify as Tax-Exempt
The IRS issued standards limited liability companies must meet to be recognized as 501(c)(3). Learn details.
Alert
Article
How Do Alternative Investments Affect Private Foundations?
Private foundation leaders should know about the tax, fiduciary, and regulatory implications of alternative investments.
Article
Alert
IRS Extends Employer-Sponsored, Leave-Based Donation Programs through 2021
Read our Alert for more details about the guidance and its effect on employers and employees.
Alert
Alert
Bill Proposes Changes to Donor-Advised Funds and Distributions
The Accelerating Charitable Efforts Act would revise rules for donor-advised funds (DAFs). Learn potential impacts.
Alert
Alert
ARPA Extends Relief to Not-for-Profit, Tribal, and Government Entities
ARPA extends unemployment relief to not-for-profit, state and local government, and federally recognized Tribal entities.
Alert
Article
How a Private Foundation Can Avoid Taxable Expenditures
Learn what activities result in a taxable expenditure and detailed breakdowns of the guidelines for each activity.
Article
Alert
PPP Loans for Large Not-for-Profits: Expanded Eligibility, Deadlines, and More
Apply before March 31 to benefit from the expanded Paycheck Protection Program (PPP), which makes $7.25 billion available.
Alert
Alert
Shuttered Venue Operators Grant Program FAQs and Qualifications
Get answers to frequently asked questions about the Shuttered Venue Operators Grant, including entity qualifications.
Alert
Alert
Final Regulations on Excess Compensation for Tax-Exempt Organizations
The IRS issued final regulations governing excise tax levied against certain tax-exempt organizations that pay remuneration.
Alert
Alert
Not-for-Profit Entities Could Benefit from Latest COVID-19 Stimulus Package
The latest COVID-19-related federal stimulus package contained several provisions to benefit not-for-profits. Learn more.
Alert
Article
IRS Regulations on Unrelated Business Taxable Income Siloing
Final regulations were issued to solidify how to classify separate unrelated trades or businesses.
Article
Alert
IRS Releases Form 1098-T Guidance for Reporting Emergency Financial Aid Grants
The IRS released new guidance for higher education institutes for reporting emergency financial aid grants. Learn details.
Alert
Alert
IRS Issues Final Regulations: Net Investment Income Tax for Private Higher Education
Learn about key changes to the 1.4% excise tax some institutions must pay on their net investment income.
Alert
Alert
IRS Proposes Changes to Group Exemption Letter Program
Recently proposed changes would impact an organization’s ability to receive Section 501(c) tax-exempt status. Learn more.
Alert
Article
IRS Issues Proposed Excess Compensation Regulations for Tax-Exempt Organizations
The IRS proposed regulations intended to address concerns regarding the excise tax in Internal Revenue Code (IRC) Section 4960. Learn more details.
Article
Alert
IRS Issues Guidance for NOL Carrybacks by Tax-Exempt Organizations
Not-for-profits can now carry back siloed net operating losses (NOLs) to offset unrelated business taxable income (UBTI).
Alert
Alert
IRS No Longer Requires Some Not-for-Profits to Identify Donors on Forms
New IRS regulations don’t require select tax-exempt organizations to identify donor names and addresses on certain forms.
Alert
Alert
Updates on COVID-19 Relief for Colleges, Universities, and Students
Guidance was issued for PPP loans and emergency financial aid grants. Learn the implications for higher education.
Alert
Article
The TCDTRA and SECURE Act: Impacts for Exempt Organizations
Find out how the Taxpayer Certainty and Disaster Tax Relief Act and SECURE Act impact the tax burden for tax-exempt organizations in 2020 and beyond.
Article
Alert
IRS Issues Proposed Regulations for Unrelated Business Income Tax Calculation
The IRS proposed changes that would allow some organizations to treat investment activities as unrelated trade or business.
Alert
Alert
Employers Might Be Able to Deliver Tax-Free Disaster Relief Payments to Employees
Learn how employers might be able to provide tax-free financial assistance to their employees.
Alert
Alert
IRS Legislation Provides UBIT Refund to Tax-Exempt Organizations
Your tax-exempt organization may qualify for an unrelated business income tax (UBIT) refund under the IRS’s Taxpayer Certainty and Disaster Tax Relief Act of 2019.
Alert
Alert
Tax on Certain Fringe Benefits Repealed and Single Excise Tax Rate Set
Learn if any of your organization’s paid unrelated business income tax could qualify for a refund and when the new tax rate goes into effect.
Alert
Article
Retain Your Organization’s Public Charity Status Using the 10%-Facts-and-Circumstances Test
We look at how not-for-profits can retain their public charity status using Form 990’s 10%-facts-and-circumstances test.
Article

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