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IRS Requiring Many Tax-Exempt Organizations to File Information Returns by May 16, 2022
Even though organizations like charities and foundations may be tax-exempt, the IRS still requires them to file certain information every year, and the deadline this year is May 16.
CARES Act Allows Employee Retention Credit for Businesses Financially Impacted by Covid-19
Under the CARES Act, enacted March 27, 2020, the Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees.
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