Archive for April, 2020

EO Tax Journal 2020-70

Paul Streckfus, April 10, 2020 at 5:34 am

1 – Editor’s Notebook

2 Treasury and IRS Extend Over 300 Tax Filing, Payment and Administrative Deadlines

3 Notice 2020-23, Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic

4 Employer Sponsored Disaster Relief Programs – Four Options to Consider

5 Federal Reserve Takes Additional Actions to Provide up to $2.3 Trillion in Loans to Support the Economy

6 Treasury Approves New Main Street Business Lending Program

7 – Nonprofit Community Calls for Nonprofit Track in Reforms to the CARES Act Continue…

EO Tax Journal 2020-69

Paul Streckfus, April 9, 2020 at 5:34 am

1 – Editor’s Notebook

2 – IRS Signals that Private COVID-19 Disaster Relief Programs Qualify for Tax Benefits

3 Department of Labor Issues Expanded Guidance regarding Families First Coronavirus Response Act (FFCRA) Including Applicability of FFCRA to Reduced Work Hours; IRS Issues Additional Guidance on FFCRA Payments and Draft Form 7200 to Accelerate the Payment of Refundable FFCRA Payroll Tax Credits

4 SBA Answers FAQs on Paycheck Protection Program Loans

5 – Restricted Access Results in Denial of Homeowners’ Association under Section 501(c)(4) (Denial 202014018) Continue…

EO Tax Journal 2020-68

Paul Streckfus, April 8, 2020 at 5:25 am

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 – SBA PPP Loans – More New Guidance!

4 Applicant Providing Funding for Individual’s Legal Defense Denied (c)(3) Status (Denial 202014015)

5 Applicant Providing Funding for Individual’s Medical and Burial Expenses Denied (c)(3) Status (Denial 202014016) Continue…

EO Tax Journal 2020-67

Paul Streckfus, April 7, 2020 at 4:54 am

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…

EO Tax Journal 2020-66

Paul Streckfus, April 6, 2020 at 5:24 am

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…