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 […]