Monday, March 22, 2010

HIRE Act of 2010 - The Tax Man Giveth

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On March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment Act better known as the HIRE Act of 2010. (Do...
Wednesday, March 17, 2010

Lack of Required Statement Kills Charitable Contribution

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Friedman, TC Memo 2010-45 In a recent Tax Court decision, a taxpayer forfeited his charitable contribution for several reasons but one of th...
Tuesday, January 26, 2010

Haiti Earthquake Relief Contributions Deductible in 2009

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On January 22nd, President Obama signed into law H.R. 4462, which allows taxpayers to claim a charitable contribution on their 2009 tax retu...
Tuesday, November 17, 2009

Year End To Do Items

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The holidays are upon us and soon it will be the end of the year. Now is a good time to turn your thought toward a couple of housekeeping i...

IRS Releases Draft of 2009 Form 990

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The IRS has released the draft of the 2009 Form 990. It can be located at http://www.irs.gov/ under their Draft Forms section. A quick re...
Monday, October 5, 2009

Payment of Personal Expenses Kills Religious Organization

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In a recent private letter ruling, the IRS issued a final adverse determination letter to an organization due to the extensive nature of per...
Tuesday, July 28, 2009

Form 990 Filing Requirements

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Larger organizations required to file an annual information return are well into the preparation process of the new Form 990 for 2008. Many ...