Nonprofit Resources
Waiver of Time Requirements for Certain Individuals Eligible for the Foreign Earned Income Exclusion
April 21, 2020 - The IRS has granted individuals otherwise eligible for the foreign earned income exclusion to waive days of presence in the U.S. due to the COVID-19 pandemic.
Mission Agencies and Paycheck Protection Program Loans
April 20, 2020 - Paycheck Protection Program loans have unique considerations for many mission agencies. We look at how to define principal place of residence and best practices for using and accounting for the loan proceeds.
IRS Provides FAQs About the Employee Retention Credit
April 20, 2020 - Organizations that did not receive or apply for a Paycheck Protection Program loan may be eligible to claim the benefits of the Employee Retention Credit. The IRS has provided a set of FAQs on the credit.
Direct Financial Aid Grants for Students Under the CARES Act
April 15, 2020 - As more guidance about the CARES Act becomes available, higher education institutions have questions about the funds available to them. Here's a look at two common questions about direct financial aid grants for students under the CARES Act.
IRS Extends Filing Deadline for Form 990 and Other Tax Forms
April 10, 2020 - In recently released Notice 2020-23, the IRS has provided filing deadline relief for virtually all tax forms due between April 1, 2020 and July 15, 2020.
SBA Releases Additional Paycheck Protection Program FAQs
April 7, 2020 - The Small Business Association (SBA) has released additional frequently asked questions about the Paycheck Protection Program (PPP). Here's what the FAQs clarify.
Summary of Paycheck Protection Program Loan Regulations
April 3, 2020 - The Small Business Administration has released temporary regulations on which lenders, employers, independent contractors, and sole proprietors may rely when applying for Paycheck Protection Program Loans (PPPLs).
Follow Up to the April 1, 2020 CapinCrouse Webinar
April 2, 2020 - A look at some common questions that arose during our April 1, 2020 nonprofit tax webinar on COVID-19 legislation.
How the Paycheck Protection Loan Program Applies to Nonprofit Organizations
March 30, 2020 - The new Paycheck Protection Loan program created by the CARES Act is designed to provide small businesses, including nonprofits, with immediate access to cash to allow them to survive the disruption caused by the COVID-19 pandemic.
Key Provisions of the CARES Act Economic Relief Plan
March 30, 2020 - The CARES Act is estimated to provide more than $2 trillion in economic aid in response to the COVID-19 pandemic. Here is a summary of several key provisions for nonprofits, churches, educational institutions, and individuals to be aware of.