KPMG – COVID-19 relief provisions: what non-profits need to know
Monday, April 6, 2020
2:00 p.m. EST
Congress has passed significant tax legislation designed to provide relief to taxpayers affected by the ongoing coronavirus crisis. This $2.2 trillion bill, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) with nearly $600 billion in tax benefits, follows the enactment of the earlier law, the Families First Coronavirus Response Act, which also includes tax measures to help relieve the negative impact created by COVID-19.
The legislation includes a number of issues of relevance to non-profit organizations, including:
- Opportunities for larger non-profit organizations to apply for relief under a new program at the Department of the Treasury
- Expanded unemployment benefits and related provisions
- Eligibility of small business loans and grants for non-profits
- Various tax provisions that benefit non-profit organizations and encourage charitable contributions.
Featured speakers:
Ruth Madrigal, Principal, Exempt Organizations Group, Washington National Tax, KPMG LLP
Tom West, Principal, Passthroughs, Washington National Tax, KPMG US
Robert Delgado, Principal in Charge, Compensation & Benefits, Washington National Tax, KPMG US
Jennifer Acuna, Principal, Federal Legislative & Regulatory Services, KPMG US
Preston Quesenberry, Managing Director, Exempt Organizations Group, Washington National Tax, KPMG LLP
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