Nonprofit Resources
FTC Extends Compliance Deadline for Certain Provisions of the Safeguards Rule
November 18, 2022 - The deadline for compliance with certain provisions of the Safeguards Rule component of GLBA has been extended by six months to June 9, 2023.
Mastercard Significantly Modifies Recurring Giving Requirements
October 18, 2022 - After previously announcing changes to its requirements for merchants that use subscription or recurring billing, Mastercard has altered its requirements to apply only to organizations with excessive chargebacks.
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.
Implementing the Changes in Module R2T4 Regulations
July 20, 2022 - The U.S. Department of Education has implemented changes for modular withdrawals of R2T4 funds. Here’s what higher education institutions need to know about the changes, which are being tested during this audit* cycle.
ED Provides Guidance on Repurposing Previously Spent HEERF Grant Funds
June 30, 2022 - Updated FAQs from the Department of Education state that beginning on or after March 15, 2022, institutions may repurpose previously spent HEERF(a)(2) grant funds to unobligated (a)(1) institutional grants.
New Indiana Sales Tax Rules for Nonprofits and Churches Go Into Effect on July 1
June 16, 2022 - Indiana is changing the circumstances under which nonprofit organizations, including churches, are exempt from collecting sales tax. The new rules are effective July 1, 2022.
IRS Raises Standard Mileage Rate for Second Half of 2022
June 10, 2022 - Effective July 1, 2022, the standard mileage rate for business travel will increase by four cents per mile, to 62.5 cents per mile.
Perkins Loan Deadline Extended
May 20, 2022 - The U.S. Department of Education Federal Student Aid office has extended the deadline for mandatory assignment of Federal Perkins Loans in default for more than two years to June 30, 2023.