Now that the tax filing season is open, the IRS is sending advisories on a regular basis, The most recent explains how the Taxpayer Certainty and Disaster Tax Relief Act, passed on December 20, 2019, includes several provisions that may apply to tax-exempt organizations' current and previous tax years. 

https://www.irs.gov/newsroom/irs-outlines-new-tax-law-effect-on-tax-exempt-organizations

The tax advisors at Sharrard, McGee & Co., PA, specialize in helping tax-exempt organizations navigate through the complicated laws and reporting requirements unique to their businesses. Let us help you manage the ever-changing rules and regulations. Call us in High Point at (336) 884-0410 and (336) 272-9777 in Greensboro.