Author Archives for Chris Purnell
About Chris Purnell
Chris serves as Partner and Tax Counsel at CapinCrouse. A licensed attorney, he advises exempt organizations of all sizes on a wide range of issues, including tax and employee benefit related matters, representation before state and federal tax authorities, and assistance with firm audit or advisory engagements to formulate advice and counsel on important operating and tax issues. Chris also assists clients with general tax issues, unrelated business income, charitable solicitation, and missionary employment structures. Prior to joining CapinCrouse in 2019, Chris served as the Executive Director of the Neighborhood Christian Legal Clinic, the nation’s largest Christian legal aid organization. Note: Although licensed to practice law in Indiana, Chris’s services through CapinCrouse do not involve the practice of law and consequently do not result in the creation of an attorney-client relationship.
August 16, 2024 10:24 am
Published by Chris Purnell
August 16, 2024 - The IRS has reopened its Employee Retention Credit (ERC) Voluntary Disclosure Program to allow organizations with erroneous ERC claims to repay the funds at a 15% discount and avoid future audits, penalties, and interest. Applications are due by November 22, 2024.
January 3, 2024 8:54 am
Published by Chris Purnell
January 3, 2024 - The IRS has announced a voluntary disclosure program for organizations that want to pay back the funds they received after filing Employee Retention Credit claims in error, thereby avoiding potential interest, penalties, and litigation. Organizations accepted into the program will be required to repay 80% of the funds received.
October 26, 2023 7:36 am
Published by Chris Purnell
October 26, 2023 - If your organization is considering applying for the ERC or you have already filed a claim and are questioning in hindsight if you are eligible, this article provides updates and insights to help you through the next steps.
April 20, 2022 12:35 pm
Published by Chris Purnell
April 20, 2022 - Answers to common questions about the Employee Retention Credit, including how to determine eligiblity, what qualified wages are, how to claim it, and more.
October 7, 2021 2:00 pm
Published by Chris Purnell
October 7, 2021 - We often receive questions about IRS Forms 1099-NEC and 1099-MISC. These guidelines can help your organization determine which form to use in various circumstances.
July 2, 2020 12:18 pm
Published by Chris Purnell
July 2, 2020 - The Economic Injury Disaster Loan (EIDL) program reopened applications to qualified small and agricultural businesses on June 15, 2020 after receiving more funding through congressional action. Learn about the funding available, who is eligible to receive it, and how it can be used.
May 13, 2020 1:47 pm
Published by Chris Purnell
May 13, 2020 - Many organizations have questions about what costs can be included in allowable payroll costs in order to maximize PPP loan forgiveness.