Moss Adams - Tracy Paglia

Industry Expertise

Foundations Higher Education Hospitals & Health Systems Long-Term Care Not-for-Profit

Practice Focus

Accounting for Income Taxes (ASC 740) Business Tax Estate Tax Planning Personal Tax Tax Controversy & Dispute Resolution Tax Structuring

Biography

Tracy has practiced public accounting since 1997. She has extensive experience assisting tax-exempt organizations on compliance and consulting tax issues from formation to termination. Tracy is a tax and consulting team member on public charity, private foundation, university, association, and health care clients throughout the firm. Her experience includes the redesigned Form 990, unrelated business taxable income, intermediate sanctions and compensation issues, private inurement and excess benefit transactions, charitable contribution disclosures, public disclosure requirements, application for tax-exempt status and entity formation, tax-exempt bonds, change in exempt status and the public support test, controlled organization and joint venture issues, and charitable planning options for donors.

Tracy is an integral part of the training programs both internally to Moss Adams and externally to groups such as the American Institute of CPAs (AICPA), National Association of College and University Business Officers (NACUBO), LeadingAge, Council on Foundations, and American Society of Association Executives. She leads the firm’s tax committee for our Not-for-Profit and Government Practices, and is a member of the AICPA’s Technical Resource Panel.

Professional Affiliations

Associate member, AICPA Technical Resource Panel
Member, American Institute of Certified Public Accountants
Member, California Institute of Certified Public Accountants
Member, Nevada Society of Certified Public Accountants

Education

BS, accounting, University of Idaho

Insights from Tracy Paglia

Higher Education Virtual Town Hall

Our virtual town hall features industry updates, tax credit insights, and other timely topics. Learn more.

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.

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.

990-T: Recent Lessons Learned

The silo rule and the revised Form 990-T can present challenges. Discuss examples, exceptions, and exclusions.

College Athletic Coach Compensations Come Under Scrutiny

Athletics coaches making over $1 million per year has brought several colleges under question by Congress subcommittee.

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.

How Private Foundations Differ from Public Charities

Learn differences between the two types of charitable organization as well as pros and cons of each.

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.

IRS Regulations on Unrelated Business Taxable Income Siloing

Final regulations were issued to solidify how to classify separate unrelated trades or businesses.

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.

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.

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.

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.

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.

Interim IRS Guidance Clarifies Qualified Transportation Fringe Benefits for Not-for-Profit Organizations

The IRS announced it intends to issue proposed regulations clarifying Unrelated Business Taxable Income from qualified transportation fringe benefits. Get the details.

Tax Reform May Impact College-Athletics Event Seating Contributions and Deductions

Tax reform repealed the 80–20 charitable deduction rule for payment made in exchange for college-athletics event seating. Our Insight has the details.

Determining If Employee Clothing Is Tax Exempt

Learn about the regulations for tax-exempt clothing and clothing allowances provided to employees.

Claiming an Education Tax Credit or Deduction Now Requires a Form 1098-T—with Some Exceptions

If you’re planning to claim education credits or deductions for 2016, be aware of changing regulations concerning Form 1098-T. Read more.

An Overview of the IRS’s Tax Exempt & Government Entities Priority Plan

The IRS’s Tax Exempt & Government Entities division has released its priority guidance work plan to review its activities in 2015 and communicate its areas of focus for the year ahead. We give an overview of its key areas.

Court Ruling: Donor Listing Must Be Provided to California Attorney General

A US appellate court upheld California’s requirement that charitable organizations soliciting donations within the state provide a list of significant donors’ names and addresses to the California attorney general. Details in this Insight.

Latest Developments Regarding Tax-Exempt Status Applications

For the last several years, applications for tax-exempt status sat in a seeming black hole of IRS backlog and political maneuvering. We look at what’s happening now, including 1023-EZ applications, 501(c)(4) exemption applications, and more.

Single-Member LLCs: A Good Option for Your Tax-Exempt Organization?

For tax-exempt organizations, forming a single-member LLC can lend liability protection. And because they’re disregarded for federal income tax purposes, the responsibilities of managing one are few. Still, there are a few important considerations and exceptions, which we cover in this Insight.

Employer-Provided Housing: What’s Taxable and What’s Not?

If your not-for-profit provides housing to its employees, you’ll need to understand whether it constitutes additional compensation—because if it does, you’ll need to consider how the benefit affects your reasonable compensation determination. We look at the tax code in this Insight.

Baker Tilly US, LLP, Baker Tilly Advisory Group, LP and Moss Adams LLP and their affiliated entities operate under an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly Advisory Group, LP and its subsidiaries, and Baker Tilly US, LLP and its affiliated entities, trading as Baker Tilly, are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP and Moss Adams LLP are licensed CPA firms that provide assurance services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. ISO certification services offered through Moss Adams Certifications LLC. Investment advisory offered through either Moss Adams Wealth Advisors LLC or Baker Tilly Wealth Management, LLC.