Nonprofit Resources
Important Upcoming Employee Retention Credit Due Dates
January 30, 2024 - Upcoming ERC deadlines to be aware of and plan for, including the ERC Voluntary Disclosure Program application deadline on March 22.
E-file for Forms 990-T and 1120-POL Unavailable Until March 17, 2024
January 24, 2024 - This applies to all Forms 990-T, including those with due dates between January 15, 2024, and March 15, 2024. As a reminder, Form 990-T must be filed electronically.
Proposed Legislation May End Employee Retention Credit on January 31, 2024
January 22, 2024 - The House Ways and Means Committee voted to approve legislation that, if passed by Congress and signed by the President, could have significant implications for the future of the Employee Retention Credit (ERC).
IRS Launches New Employee Retention Credit Voluntary Disclosure Program
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.
Webcast for Nonprofits: 2023 Nonprofit Tax Year-End Review
December 14, 2023 - Watch this recorded webcast to learn about tax changes during 2023 that directly impact nonprofit organizations. We focus on areas that are changing and areas that remain unchanged — all with an eye toward what 2024 will bring.
Employee Retention Credit Updates and Considerations
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.
IRS Launches Process for Withdrawing Employee Retention Credit Claims
October 25, 2023 - Certain employers concerned about the accuracy of a pending Employee Retention Credit claim can use these steps to avoid potential repayment, interest, and penalties.
IRS Drastically Expands Electronic Filing Requirement for 2023 Tax and Information Returns
October 24, 2023 - Under the expanded IRS electronic filing requirement, almost all tax and information returns filed on or after January 1, 2024, are now required to be submitted electronically. Here’s what to know.
Next Steps as IRS Halts Processing of New ERC Claims Through End of Year
September 15, 2023 - The IRS has immediately halted the processing of new Employee Retention Credit claims and promised a settlement process for ineligible claims. Learn more with our email alert.
The Inflation Reduction Act of 2022: New Incentives for Your College or University
June 21, 2023 - Thanks to the Inflation Reduction Act of 2022, colleges and universities have access to the financial incentives of investing in renewable energy as they renovate existing structures or build new ones.
