Strongsilence-C
Level 9
11-02-2022
01:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
There is no guidance in the 990 instructions.
The ERC could be an offset to wages, or it could be reported as other miscellaneous income. Or somewhere else?
I am reminded that the 990 is a public document. Therefore, I think I want it to be listed in other income for full public disclosure.
Best Answer Click here
Labels
qbteachmt
Level 15
11-02-2022
02:46 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It's a type of government support. Here's a nice explanation:
https://www.armaninollp.com/articles/nonprofits-accounting-for-employee-retention-credit/
*******************************
"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
