Is the Community Development Block Grant (CDBG-CV) considered taxable income?

After consulting with a certified public accountant, we believe that this grant will be considered taxable income. However, it should be offset as an expense once the funds are expended. Please consult with your business accountant for specific guidance on how to incorporate the grant into your 2020 tax return.

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1. Are non-profit organizations eligible to apply?
2. Do you have to live in Amesbury or Newburyport to apply?
3. I have 3 full-time employees and 3 part-time employees who work in the summer. Am I still eligible?
4. Is the monetary threshold based on gross income, adjusted gross income or taxable income?
5. Is the Community Development Block Grant (CDBG-CV) considered taxable income?
6. What can the grant money be used for?
7. I have all of the correct documents, but they are all hard copy and I don't have access to a scanner. What can I do?
8. What if don't have a DUNS number right now?
9. What if I haven't filed by 2020 taxes yet?
10. Can I submit just Schedule C of my Federal Tax Return?
11. Are workers who receive 1099s considered employees?
12. Can I really apply for funding again?