Moss Adams - Emina Cresswell

Industry Expertise

Financial Institutions Foundations Health Care Higher Education Not-for-Profit Power & Utilities

Practice Focus

Business Tax Services Tax Structuring

Biography

Emina has practiced public accounting since 2007. She’s the tax leader of the Washington region’s Not-for-Profit Practice. Emina focuses on tax compliance and consulting services for a wide range of not-for-profit clients, including public charities, private foundations, colleges and universities, credit unions, and utility cooperatives. She also has extensive experience advising not-for-profit organizations on formation and ongoing retention of tax-exempt status, Forms 990 and 990-T, state reporting issues, payroll reporting, information reporting, tax reform implications, unrelated business income, related organizations, and taxable subsidiaries.

External Publications

"“Learn Why Consulting Services May Not be Classified as Unrelated Business Income" (Moss Adams Not-for-Profit Newsletter, Spring 2017)
"Proposed Regulations May Change the Process of Providing Written Acknowledgement to Donors" (Moss Adams Not-for-Profit Newsletter, December 2015)

Selected Speaking Engagements

Ohio Philanthropy Scholarship Managers
(Philanthropy Ohio, June 2021)
Moss Adams Credit Union Supervisory Committee Conference
(Tax Reform, June 2018 and June 2019)

Professional Affiliations

Member, American Institute of Certified Public Accountants
Member, Washington Society of Certified Public Accountants

Education

BABA, accounting, Eastern Washington University
MBA, Eastern Washington University

Insights from Emina Cresswell

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.

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.

Compare Donor-Advised Funds to Private Foundations

Capitalize on donor-advised fund (DAF) charitable giving and the impact of tax codes. Results vary depending on techniques.

IRS Defers Deadline for Form 5498

The IRS issued a notice on May 28, 2020, deferring the deadline for Form 5498 series returns in light of COVID-19 disruption. Learn more details.

When and How to File Cash Payments for Tax-Exempt Organizations

Learn when and how tax-exempt organizations must file IRS Form 8300 to declare cash payments over $10,000—and find out what exceptions exist.

New Option Available for Private Schools to Post Their Nondiscrimination Policy

The IRS issued Revenue Procedure 2019-22, which provides a new way for private schools to publicize their racially nondiscriminatory policy regarding students.

Learn Why Consulting Services May Not be Classified as Unrelated Business Income

Learn about a recent IRS ruling on whether consulting services provided to other not-for-profits are subject to unrestricted business income tax.

Proposed Regulations May Change the Process of Providing Written Acknowledgment to Donors

Donee organizations must provide written acknowledgment of contributions of more than $250 for their donors to claim the corresponding charitable donation deduction. Proposed regulations may formalize the process through a new filing.