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
It's a type of government support. Here's a nice explanation:
https://www.armaninollp.com/articles/nonprofits-accounting-for-employee-retention-credit/
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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