Strongsilence-C
Level 10
11-02-2022
01:35 PM
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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.
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qbteachmt
Level 15
11-02-2022
02:46 PM
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It's a type of government support. Here's a nice explanation:
https://www.armaninollp.com/articles/nonprofits-accounting-for-employee-retention-credit/
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