On July 4, 2025, the President signed H.R. 1, known as “The One Big Beautiful Bill Act,” into law. As noted in GRF’s May 16 industry alert, this legislation contains many provisions pertaining to tax-exempt organizations. Outlined below are the key changes for tax-exempt organizations and the provisions from previous drafts removed from the final…
A recent D.C. court ruling may allow 501(c)(3) nonprofits to claim refunds on past taxes paid for events held in D.C. If eligible, file your claim by June 6, 2025. Learn more about qualification and the filing process.
The House Ways and Means Committee advanced the GOP Tax Bill, called “The One Big Beautiful Bill,” early on May 14, 2025, on a party line vote. The 389-page bill could be considered by the House as early as next week. If passed by the House, it will be taken up by the Senate. Treasury…
2025 is the year to do things differently! It is not just the emergence of AI combined with ongoing funding and workforce challenges nonprofit organizations face mounting difficulties in today’s rapidly changing world. To thrive in 2025 and beyond, your nonprofit must be agile, adaptable, and proactive while rethinking its business model. Join us for…
If your tax-exempt organization is submitting Form 990-T solely to claim applicable clean energy credits under the Inflation Reduction Act, the IRS has released a new video to help. The video is posted on the IRS StayExempt site and is called “Filing Form 990-T for Elective Payment Election Only.” This 29-minute video and accompanying PDF…
Navigating the complexities of retirement plan reporting just got easier with the latest updates to Form 5500. These transformative changes promise to streamline processes, enhance data accuracy, and significantly reduce administrative burdens for plan administrators and sponsors. GRF hosted the 2024 Update on Retirement Plans webinar on May 16th, 2024, which delved into significant changes…