Ideas & Insights

The American Rescue Plan Act of 2021 extends and expands support for exempt organizations affected by the coronavirus pandemic.

The IRS released a memo to TE/GE division examiners providing guidelines on enforcement of the section 506 notification requirement.

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

A discussion of the accounting implications when a donor plans to use a donor-advised fund for a promise to give.

Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.

IRS postpones certain filing, payment and other time sensitive deadlines for taxpayers affected by Texas winter storms.

Employers can add flexibility to their health flexible spending accounts and dependent care assistance programs per Notice 2021-15.

Join RSM professionals as they discuss the latest regulations for exempt organizations when separately computing unrelated business income.

Utilizing data as a tool to drive greater efficiency and better decision-making in your nonprofit organization.

Section 4960 final rules generally adopt the proposed regulations with some minor, taxpayer favorable modifications.

The DOL has issued final regulations on the FSLA’s rules for independent contractors including gig workers, but it may be repealed.

The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.

Treasury Department and SBA announce reopening dates for Paycheck Protection Program - Jan. 11, 2021 and Jan. 13, 2021.

SBA releases two PPP reopening guidance packages. The first round of guidance provides information for new PPP borrowers.

SBA releases two PPP reopening guidance packages. The second guidance package provides information for eligible second draw PPP borrowers.

Year-end stimulus legislation extends Paycheck Protection Program and expands eligibility for exempt organizations.

Section 501(c)(4) organizations must submit applications for tax-exempt status to the IRS electronically through pay.gov.

Notice 2021-01 provides that private foundations may paper file Form 4720 until electronic filing of the form becomes available in 2021.

The IRS created a new Form 1099-NEC to report nonemployee compensation with a different due date than Form 1099-MISC.

The IRS provides welcome guidance to higher education institutions that made emergency relief grants to students.