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  • Nonprofits - ERC

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    Craig Pisaris-Henderson
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    The document discusses the Employee Retention Tax Credit (ERC), a tax credit available to businesses that kept employees on payroll during COVID-19. It states that non-profit organizations with W-2 employees are likely eligible for the ERC if they experienced decreased revenue or were impacted by government restrictions due to COVID-19. To qualify, a non-profit's revenue during quarters 1-4 of 2020 and quarters 1-3 of 2021 must have decreased compared to 2019, or it must have faced restrictions such as capacity limits or event cancellations. The Economic Recovery Center can help non-profits determine their eligibility and claim the tax credit retroactively to receive a refund of up to $26,000 per employee for wages

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    Secure your position for the Employee Retention Tax Credit!

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    The document discusses the Employee Retention Tax Credit (ERC), a tax credit available to businesses that kept employees on payroll during COVID-19. It states that non-profit organizations with W-2 employees are likely eligible for the ERC if they experienced decreased revenue or were impacted by government restrictions due to COVID-19. To qualify, a non-profit's revenue during quarters 1-4 of 2020 and quarters 1-3 of 2021 must have decreased compared to 2019, or it must have faced restrictions such as capacity limits or event cancellations. The Economic Recovery Center can help non-profits determine their eligibility and claim the tax credit retroactively to receive a refund of up to $26,000 per employee for wages

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    16 views1 page

    Nonprofits - ERC

    Uploaded by

    Craig Pisaris-Henderson
    The document discusses the Employee Retention Tax Credit (ERC), a tax credit available to businesses that kept employees on payroll during COVID-19. It states that non-profit organizations with W-2 employees are likely eligible for the ERC if they experienced decreased revenue or were impacted by government restrictions due to COVID-19. To qualify, a non-profit's revenue during quarters 1-4 of 2020 and quarters 1-3 of 2021 must have decreased compared to 2019, or it must have faced restrictions such as capacity limits or event cancellations. The Economic Recovery Center can help non-profits determine their eligibility and claim the tax credit retroactively to receive a refund of up to $26,000 per employee for wages

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    NONPROFIT ORGANIZATIONS

    Nonprofits impacted by COVID-19 restrictions that


    have W-2 employees are most likely eligible to
    receive the Employee Retention Tax Credit (ERC)
    Economic Recovery Center

    www.EconomicRecovery.US

    HOW DO 501Cs BENEFIT?


    WHAT IT IS Nonprofits, including but not limited to hospitals, schools,
    Tax credit for businesses that museums, performing arts centers, and churches
    kept employees on payroll. impacted by COVID-19 restrictions that have W-2
    employees are most likely eligible to receive the Employee
    Retention Credit (ERC). This is the last remaining
    monetary distribution of COVID-19 relief passed by the
    HOW TO QUALIFY CARES Act in 2020, regardless if you've already received
    PPPl and/or 2.
    The two qualifying tests, independent from each other that
    determine your ERC eligibility are as follows: 1) the While there is a widely held belief that tax-exempt
    nonprofit(s) experienced decreased revenue during quarters organizations are ineligible for financial relief in the form of
    1-4 and 1-3 in 2020 and 2021, respectively, compared to a refundable tax credit, this is not the case. Tax-exempt
    2019, OR; 2) the nonprofit(s) were impacted by government organizations are continually engaged in a trade or
    mandated restrictions. Many nonprofit companies that business regarding the totality of their operations, and
    survived were subjected to government mandates imposed those organizations that were able to retain their
    upon them resulting in partial closures or limited services employees on payroll during the pandemic can
    (e.g., capacity limitations applicable to public and private retroactively claim the ERC based on hardships
    spaces resulting in cancellations of pre-planned events, experienced in 2020 and 2021.
    restrictions on public gatherings, and state or local orders
    requiring employees to work remotely). These mandates
    alone can collectively contribute to a non profit's qualification
    for the ERC.
    HOW CAN WE HELP?
    The ERC offers nonprofits relief in the form of a tax refund
    check, issued by the IRS, for wages that have already
    For information about claiming these credits,
    visit https://www.EconomicRecoveryCenter.com been paid -up to $26,000 per employee. Economic
    or from the IRS https://www.irs.gov Recovery Center will diligently and thoroughly research
    both revenue- and mandate-­based qualifications for all
    seven quarters from 2020-2021 in which the COVID-19
    pandemic may have impacted the operations of the

    APPLY TODAY - www.501ERC.com


    nonprofit. We are here to help you receive the best ERC
    for operating and retaining your employees during the
    pandemic.

    501ERC.com Support@EconomicRecovery.US Economic Recovery Center

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