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Exemption Application Exception

Posted on Wednesday, September 10, 2014

In order to be tax-exempt under Section 501(c)(3), an organization must file Form 1023, an application for exemption, with the IRS. The IRS allows 2 exceptions

Worthless Stock And Tax Timing

Posted on Friday, August 29, 2014

In the last few years, you may have purchased stock in a dot-com that's now out of business, or in another company whose share price is now just pennies.

Nonprofit Board Actions without Meetings

Posted on Wednesday, August 27, 2014

With the increased use of technology and busy schedules of nonprofit board members, sometimes it’s easier to communicate via e-mail.  But can

Payroll Taxes For Small Employers

Posted on Friday, August 22, 2014

More small businesses get into trouble with the IRS over payroll taxes than any other type of tax. Payroll taxes are a huge source of government revenue and the

Why Use A Partnership Instead Of An S-Corp?

Posted on Friday, August 22, 2014

Taxpayers that plan to operate a business have a variety of choices. A single individual can operate as a C corporation, an S corporation, a limited liability

Asking The Cost Of A Gift

Posted on Thursday, August 21, 2014

Imagine this scenario. Your wealthy Uncle John is something of an art collector, buying paintings and sculptures from promising young artists. When he retires,

Amending A Tax Return

Posted on Thursday, August 21, 2014

The rush is over once your personal income tax return is done for another year - or so you thought, right up until the moment you discover information you

Will Business Growth Increase Profit?

Posted on Thursday, August 21, 2014

Question: My business has not been growing but it seems as though I add more people and equipment without increasing my net profit. What am I doing wrong?

Dealing With Finances After The Death Of A Spouse

Posted on Thursday, August 21, 2014

The death of a spouse can be a devastating experience, both emotionally and financially. As the survivor, you'll have to make important decisions while

Avoid 5 Common Mistakes In Your 401(k) Plan

Posted on Thursday, August 21, 2014

Participating in a 401(k) or similar retirement plan is a tax-advantaged way to save for retirement. If you have the option of participating in a 401(k) plan,

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