This is a repost of an article that original appeared on the MKCREATIVE Nonprofit Marketing Blog in December, 2010. Shortly after Miriam Avins and her family moved to Baltimore in 2003, she and her neighbors started a community garden after a dilapidated house next door to them was taken down. A few years later when […]
#Aging: Will the Social Security Earnings Penalty Affect Me?
AARP published a useful Q&A as part of a series on tax-issue for those approaching retirement age. This particular article helps the reader identify which payments are classified as “Special Payments” under the current tax code and how they must be reported to the IRS. Here’s a definition of “Special Payments” from AARP: Special payments […]
Obama Administration Cuts Tax On Small-Business Property Investments
Even as the dust continues to settle over this week’s midterm elections, the IRS has been reminding small- and medium-business owners that changes in the tax code could mean appreciable tax savings over the next few years. These saving are not part of the soon-to-expire Bush Administration tax cuts, whose continuance and in what form […]
Is Your Organization’s Status With The IRS Up-To-Date?
In our final follow-up/ announcement concerning a subject we (and many others) have periodically discussed over the last year, the IRS has established 15 October (in but one week!) as the deadline for all tax-exempt nonprofits and charitiable organizations to re-assert their status via the Form 990. Tax-exempt organizations are likely to keep their status […]
Deadline Approaching To Register For IRS’s New Tax-Exempt Status
On 17 May many smaller charities might find themselves in post-tax-exempt status as the IRS reconfigures its guidelines and filing expectations for these groups. According to Grant Williams at ‘The Chronicle of Philanthropy,’ “Nobody really knows for sure how many organizations will target=”_blank” lose their tax exemptions, but several research groups estimate that more than […]