Morgan Lewis tax partner
Alex Reid will be speaking on NonprofitWebAdvisor’s webinar
“The Coronavirus Relief Act: What Nonprofits Need to Know.”
The CARES Act was enacted on March 27, 2020. This $2 trillion stimulus package will help individuals, families, and businesses affected by the coronavirus pandemic.
This webinar will discuss tax issues nonprofits confront as they address the COVID-19 crisis. We will discuss changes to charitable contribution limits, payroll protection coverage, disaster loans, and additional provisions in the recently enacted CARES Act.
Topics include:
What incentives do donors have to give more?
How can the employee retention tax credit help your organization?
What benefits can you receive from the Paycheck Protection Program?
How can your nonprofit use a disaster loan?
What other incentives are available from the Small Business Administration?
In addition, we will discuss recent IRS guidance extending tax return filing and payment deadlines as well as tax rules applicable to COVID-19 relief for employer-sponsored charities.