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ISSUE: Section 2301 of the CARES Act, as originally enacted, provides for an employee retention credit for eligible employers, including tax-exempt organizations, that pay qualified wages, including certain health plan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...
by Dave Moja | Jun 23, 2021 | Tax Tips |
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...
by Dave Moja | Jun 9, 2021 | Tax Tips |
ISSUE The Department of the Treasury has recently published detailed information about the Biden Administration’s tax proposals for fiscal-year 2022. This 114-page publication is traditionally called “The Green Book” by the tax community. Given the...
