Nonprofit Tax Alert: Final Tax Package Includes Several Provisions Impacting Tax-Exempt Organizations
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…
DC Hotel Tax and Sales Tax Refund Opportunity Deadline Approaching Tomorrow!
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.
GOP Tax Bill Includes Several Provisions Impacting Tax-Exempt Organizations
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…
Nonprofit State of the Union 2025: Building a Future-Ready Nonprofit
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…
IRS Guidance for Nonprofits Claiming Clean Energy Credits – Form 990-T
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…
2024 Update on Retirement Plans: Recent Changes to Form 5500
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…