Individual Tax Identification Number (ITIN)

Individual Tax Identification Number (ITIN)

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...
Employee Retention Credit (ERC): Alternative Quarter Election

HEERF III – Required Uses of Grant Funds

ISSUE: On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP) (Pub. L. 117-2). The ARP appropriated approximately $39.6 billion for the Higher Education Emergency Relief Fund (HEERF) and represents the third stream of funding appropriated...