This article was published by the IRS. Organizations that meet specified requirements under Section 501(c) of the Internal Revenue Code may qualify for tax-exempt status. These include charities, social welfare organizations, civic leagues, social clubs, labor organizations and business leagues. Most organizations are required to apply for recognition as tax-exempt. Here are some key things that [...]
This video was published by the IRS. More than 90% of identity thieves and data breaches start with a phishing email. Phishing scams pose as a trusted company, maybe your bank, a favorite retailer, your tax software provider, or your state tax agency - even the IRS. Here's one way to recognize a scam: a phishing [...]
This article was published by the IRS. The Internal Revenue Service is reminding taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year. Following special tax law changes made earlier this year, cash donations of up to $300 made before December 31, [...]
This video was published by the IRS. Are you putting off filing your tax return because you owe money but can't pay? You shouldn't. The IRS can help you if you're having trouble paying all the taxes you owe at once. But you must take action. Here's what you need to do. Before the April deadline, [...]
This article was published by the IRS. There is a new Form 1099-NEC, Nonemployee Compensation for business taxpayers who pay or receive nonemployee compensation. Starting in tax year 2020, payers must complete this form to report any payment of $600 or more to a payee. Generally, payers must file Form 1099-NEC by January 31. For 2020 [...]
