UPDATE (03/03/2025): BOI might finally be dead as of this morning. The fast-moving changes to the Beneficial Ownership Information saga is enough to give you whiplash. This latest change, however, may very well be the end of it. The US…
Most people, or at least me, like lists of facts. Like the height of Mount Everest is 29,032 feet high. Although it was considered to be 29,028 feet high until December of 2020, when the official height was changed. Facts…
In a landmark ruling issued at the end of June 2021, the Supreme Court overturned a California law requiring donor disclosure in favor of donor privacy rights.
COVID-19. In our hometown of Nashville, a devastating tornado. Injustice. Protests. Riots. A Presidential election. More COVID-19. Is it over yet?
The CARES Act legislation that was approved in the early days of the COVID-19 pandemic (spring of 2020) helped many nonprofits with its Paycheck Protection Program. Thousands of charitable organizations nationwide were able to secure forgiveable loans from the Small…
Newly passed legislation is heading to President Trump’s desk that will substantially alter the original forgiveness terms for PPP loans.
As expected, the IRS has officially extended the filing deadline for 2019 Form 990.
The CARES Act that Congress passed in response to the COVID-19 crisis is best known for its Payroll Protection Program SBA loans and other measures of cash relief. Getting less attention are the provisions that increase the tax-deductibility of donations…
On Friday, March 27, 2020, Congress approved the Coronavirus Aid, Relief and Economic Security (CARES) Act. This is the third phase of a sweeping relief package Congress has passed in its efforts to mitigate the economic impact of COVID-19.
The IRS has released a new online, electronically-fileable Form 1023, application for 501(c)(3) status.