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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 releases 2021 retirement plan limitations
Many limitations, including the 401(k) elective deferral limit for employee contributions, remain unchanged from 2020 levels.
TAX ALERT
Exempt organization inflation adjusted items for 2021
Rev. Proc. 2020-45 provides annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations.
TAX ALERT
IRS acknowledges auto-revocation errors
Some exempt organizations that timely filed Form 990 series returns or notices are receiving erroneous auto-revocation notices.
TAX ALERT
Final regulations address higher education endowment excise tax
New regulations under section 4968 provide favorable guidance to private colleges and universities subject to the excise tax.
TAX ALERT
Treasury issues skinny guidance on employee payroll tax deferral
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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