by Dave Moja | Sep 28, 2021 | Tax Tips |
ISSUE: On September 10, 2021, the IRS updated its frequently asked questions (FAQs) on the procedure for obtaining an Individual Tax Identification Number (ITIN). SITUATION: Troas Bible College (TBC) is a private college exempt under Internal Revenue Code...
by Dave Moja | Sep 9, 2021 | Tax Tips |
ISSUE: Section 2301 of the CARES Act, as originally enacted, provides for an employee retention credit for eligible employers, including tax-exempt organizations, that pay qualified wages, including certain health plan expenses, to some or all employees after March...
by Dave Moja | Aug 20, 2021 | Tax Tips |
ISSUE: Revenue Procedure 2021-33 provides a safe harbor permitting employers to exclude certain amounts from gross receipts solely for determining eligibility for the ERC. These amounts are: The amount of the forgiveness of a Paycheck Protection Program...
by Dave Moja | Aug 4, 2021 | Tax Tips |
ISSUE: Section 1018 of Public Law 116-315, Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020, adds new requirements for educational institutions participating in the educational assistance programs of the Department of...
by Dave Moja | Jul 19, 2021 | Tax Tips |
ISSUE: The IRS is experiencing delays in processing paper returns, including Form 8868, Application for Extension of Time To File an Exempt Organization Return. SITUATION: Saltwater Christian College (SCC) is a private college exempt under Internal...
