Jeffrey L. Chiles, CPA

Jeffrey L. Chiles, CPA

Author's details

Name: Jeffrey L. Chiles, CPA
Date registered: July 6, 2011

Contact Information

Phone: 312.670.7444
Fax: 312.670.8301

Email: jchiles@orba.com
Website: http://www.orba.com
LinkedIN: http://www.linkedin.com/profile/view?id=92263201&authType=name&authToken=GmuK&trk=tyah

Biography

As a member of ORBA's Not-for-Profit Practice group, Jeff is continually developing his expertise in the not-for-profit area and attends continuing education conferences on a regular basis to remain up to date on the most current issues in the not-for-profit industry. With nearly ten years of experience, he also offers strategic tax planning and technical advice to his clients, which include not-for-profit organizations, high net worth individuals and the owners of closely-held businesses. He also specializes in state and local taxation, and taxation of flow through entities, including S corporations. Jeff received his Bachelor of Science Degrees in Accountancy and Finance from the University of Illinois at Urbana-Champaign. He recently completed his Master’s of Science in Taxation from DePaul University in Chicago, Illinois. Jeff is an active member of the American Institute of Certified Public Accountants and the Illinois CPA Society.

Latest posts

  1. Charitable Aspects of the Fiscal Cliff Deal — January 15, 2013
  2. VOW to Hire a Veteran — July 12, 2012
  3. BINGO! What now? — January 13, 2012
  4. Use It Or Lose It — July 8, 2011

Author's posts listings

Jan
15

Charitable Aspects of the Fiscal Cliff Deal

by Jeffrey L. Chiles, CPA

A fiscal cliff deal finally materialized on January 2 with the passage of the American Taxpayer Relief Act of 2012. The legislation included a handful of new tax provisions as well as a significant number of tax extenders previously scheduled to expire either in 2011 or 2012. A few of these provisions and extenders will more than likely have a direct effect on charitable organizations and their fundraising efforts, including the reinstatement of the Pease limitation and the extension of the qualified charitable IRA distribution.

Jul
12

VOW to Hire a Veteran

by Jeffrey L. Chiles, CPA

Having just recently celebrated both Memorial Day and Independence Day, it seems like an appropriate time to discuss the government’s initiative to help employ veterans of the Armed Forces while incentivizing employers at the same time.

Jan
13

BINGO! What now?

by Jeffrey L. Chiles, CPA

In the current state of the economy, organizations are trying new and unique ways such as holding gaming activities including bingo, raffles, or card games either as stand-alone activities or as part of larger special events to draw in contributors. Gaming activities, however, come with a number of specific rules surrounding filing and withholding requirements that organizations need to be aware of prior to hosting these events.

Jul
08

Use It Or Lose It

by Jeffrey L. Chiles, CPA

The IRS recently issued a listing of approximately 275,000 organizations that have automatically lost their tax-exempt status due to non-filing of required annual reports for three consecutive years. This inclusive list represents organizations of all sizes and exemption types that had a filing requirement but did not file the required returns or notices for the 2007, 2008, and 2009 tax years.