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New Report Cites Continued Pandemic Relief Refund Delays at the IRS

September 20, 2022 – A recent report found that due to continued processing delays at the IRS, many entities have not yet received pandemic relief benefits, including those related to the Employee Retention Credit (ERC) and Sick and Family Leave Credits.
Mastercard Provides Clarification and Extension on Recurring Giving Rules

September 13, 2022 – Mastercard clarified that its new requirements for subscription payments apply to nonprofit recurring gifts and extended the effective date for nonprofits by six months.
IRS to Provide Automatic Penalty Relief for Certain 2019 and 2020 Returns

September 8, 2022 – The IRS announced that it will provide automatic penalty relief for certain 2019 and 2020 returns filed no later than September 30, 2022.
Reminder: FISAP Due September 30, 2022

September 7, 2022 – The deadline for submitting the Fiscal Operations Report (FISAP) for 2021-22 and Application to Participate for 2023-24 is Friday, September 30, 2022.
Nonprofit Issues Newsletter, August 2022

August 25, 2022 – Topics include effective goals for nonprofit boards, data on the impact of inflation, lessons learned from data breaches, and more.