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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:
Many limitations, including the 401(k) elective deferral limit for employee contributions, remain unchanged from 2020 levels.
Rev. Proc. 2020-45 provides annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations.
Some exempt organizations that timely filed Form 990 series returns or notices are receiving erroneous auto-revocation notices.
New regulations under section 4968 provide favorable guidance to private colleges and universities subject to the excise tax.
Following the President’s memo on August 8, Treasury releases very short Notice 2020-65 delaying the deadline for employee FICA tax.
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