EO Tax Journal

1 – Editor’s Notebook

2 – In the News

3 – Independent Sector Calls on Financial Organizations to Prioritize Nonprofits as Loan Recipients Under CARES Act

4 – U.S. Small Business Administration Releases Faith-Based Organizations FAQ re PPP and EIDL Continue…

1 – Editor’s Notebook

2 – In the News

3 – Churches Are Eligible for the Paycheck Protection Program

4 – Health Groups Seek Automatic Extension of Six Months for Filing Forms 990, 990-T, and 4720 by Hospitals

5 – College Recommends that Proposed Section 4968 Regulations Be Revised to Provide that the Tax Only Applies to an ‘Eligible Educational Institution’

6 – Applicant Organized to Dispense Medical Cannabis to Legally Qualified Patients Denied (c)(3) Status (Denial 202014019) Continue…

1 – Editor’s Notebook

2 – Excerpts of March 30, 2020 Remarks of IRS Chief Counsel Michael Desmond to Land Trust Alliance

3 – IRS Releases Guidance Memo for Syndicated Conservation Easement Exams

4 – Excerpts from Class Action Complaint in Lechter et al. v. Aprio, LLP, et al. Continue…

1 – Editor’s Notebook

2 – Guidance on Employee Retention Credit in CARES Act

3 – Treasury Encourages Businesses Impacted by COVID-19 to Use Employee Retention Credit

4 – New Charitable Deduction in the CARES Act: Budgetary and Distributional Analysis

5 – A Message from IRS Commissioner Chuck Rettig – Rising to the Challenge

6 – Applicant Denied (c)(3) Status Based on Social and Recreational Activities Exceeding Charitable and Educational Activities (Denial 202012013) Continue…

1 – Editor’s Notebook

2 – CARES Act Provides Financial Relief for Nonprofit Organizations

3 – Nonprofit Guide to the CARES Act (Including Those Loans You’ve Been Hearing About to Cover Payroll and That Don’t Need to Be Paid Back) Continue…