Thursday, August 5, 2010

Relief For Small Organizations Facing Revocation

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The Pension Protection Act in 2006 enacted laws that require the IRS to revoke the tax exempt status of any organization that is required to...
Monday, August 2, 2010

Form 1099-Misc Reporting Nightmare

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Perhaps you have heard the ugly rumors of the increased mandatory reporting for payments to vendors. Unfortunately, it isn't all rumor, ...
Monday, April 26, 2010

Payroll Tax Responsibilities - A Gentle Reminder

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A recent Tax Court memo decision serves as a good reminder that an organization is ultimately responsible for payroll tax deposits and filin...
Thursday, April 22, 2010

New Resource For Nonprofits

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Thomson Reuters/PPC has just published a brand new guide for nonprofits entitled Nonprofit Tax and Governance Guide: Helping Organizations C...
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...