Addendum 1 Q&A Response

Description

RFP 25-02 ERTC RESEARCH AND PREPARATION SERVICES ATTACHMENT B ‐ VENDOR QUESTION FORM Vendors should list any questions regarding terms and conditions set forth in RFP 25-02 ERTC Research and Preparation Services Kentucky State University below. Question RFP Section Number 1 10.7 Vendor Question Estimated Schedule of RFP Activities – According to this section, proposals are due by 3 PM EST on August 9, 2024. This conflicts with the Vendor Affidavit, which indicates proposals must be received by August 8, 2024, at 3 PM EST. Could you please confirm the proposal submission deadline? It is 3:00 pm August 9, 2024. The RFP will determine the date and time. 2 20.1 Background and Current Business Need – According to this section, “Should KSU be eligible for the ERC, the consultant will proceed to apply and submit our tax credit claim with the support from the KSU team as required.” Should Crowe determine that KSU is eligible for the ERC, Crowe will calculate the credit amount; however, KSU will be responsible for completion and submission to the IRS of applicable Forms 941-X, subject to Crowe’s review of the form(s). Is this acceptable to KSU? This is acceptable. 3 20.1 Background and Current Business Need – According to this section, “Additionally, KSU requests that the selected consultant also deliver a tax opinion regarding our ERC eligibility to protect the University.” Crowe will prepare a tax memorandum on KSU’s eligibility for the ERC, as well as a support package so that internal support for the credit is maintained by KSU in the event of an IRS audit. A formal tax opinion would not be issued at this time with regard to the ERC, based upon the volatile nature of the credit, the possibility that the credit may be retroactively discontinued by Congress, and the increased IRS scrutiny of all ERC claims given the heavy promoter involvement to date. Is this acceptable to KSU? This is acceptable. 4 40.2 Scope of Work – According to this section, the scope of work involves “Conducting a comprehensive review of KSU’s eligibility for the ERTC program.” Could you please provide a list of related entities that may be relevant in the ERC analysis for KSU? I’m not quite sure of the question. The credit will be calculated only for Kentucky State University. There are no other entities.