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Tax Alerts for Exempt Organizations
RSM offers timely, relevant tax updates to exempt organizations and their donors, including information about recent court decisions, legislative and regulatory updates, and news from the IRS and Treasury. By subscribing, you will receive updates relevant to your organization as they are released.
Most recent tax alerts for exempt organizations:
TAX ALERT
IRS provides guidance on deductions for food or beverages
Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act.
TAX ALERT
IRS TE/GE division releases new compliance initiatives
Eight new initiatives, affecting exempt orgs, employee plans and tax-exempt bonds, added to IRS Compliance Programs and Priorities website.
TAX ALERT
The IRS provides further guidance on the Employee Retention Tax Credit
The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
TAX ALERT
IRS updates Higher Education Emergency Grant FAQs
Expanded FAQs further clarify that institutions do not report grant funds paid to students, and students do not include amounts in income.
INSIGHT ARTICLE
Tax-exempt hospitals: Financial assistance policy compliance checks
The IRS seeks to improve compliance related to tax-exempt hospitals establishing and implementing financial assistance policies.
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