Tag Archives: director

It Never Hurts to Ask

Today TaxMama® hears from Sue, who overcame a big problem. To make a long story short, Sue suddenly discovered, purely by accident, that she’d only been paying one of the two taxes required by her city for her business. They hit her with about $12,000 worth of back taxes, penalties and interest. Uh oh. What […]

Basic Legal / Financial Boundaries for a Nonprofit

Your organization is doing good work, and has an important message to offer your community. But do-gooding is not enough for your local governments and tax boards: there are strict rules that must be followed:

March IRS Live Webinar Focuses on Requirements for Federal Tax Return Preparers

WASHINGTON — The Internal Revenue Service’s next IRS Live webinar, “Requirements for Federal Tax Return Preparers” is Wednesday, March 30, at 2 p.m. Eastern Time. The program will include current information on early program accomplishments, Preparer Tax Identification Number (PTIN) guidelines, plans for upcoming competency testing and continuing education, background checks and electronic filing requirements.

A Trip to the IRS Tax Forums, Page 1

Last week, all my tax staff and I took our annual trip to the IRS Tax Forum. When these forums first started out many years ago, the fee was $25 for three days of education provided by IRS staff and a variety of tax professionals from sponsor associations. It was an amazing value – especially […]

IRS Reminds Small Tax-Exempt Organizations to File e-Postcards

IR-2009-49, May 6, 2009 WASHINGTON — The Internal Revenue Service today reminded many small tax-exempt organizations to file their annual electronic informational return with the IRS by the May 15 deadline. This is the second year of the new requirement for tax-exempt organizations whose gross annual receipts are normally $25,000 or less to file Form […]

TIGTA releases audit of Automated Collection System Large Dollar Cases

[TaxMama note: This report should be of particular interest to you because when you owe IRS money, your first point of contact is generally the ACS.] TIGTA has publicly released its audit titled “Some Automated Case (ACS) Selection System Large-Dollar Cases Were Not Worked Effectively.” IMPACT ON TAXPAYERS An Automated Collection System (ACS) large-dollar case […]

Procedure Unveiled for Reporting Violations of the Tax Law, Making Reward Claims

Courtesy of the Internal Revenue Service IR-2007-201, Dec. 19, 2007 WASHINGTON — The Internal Revenue Service today outlined ways informants can report violations of the tax law and possibly claim a reward based on the amount of additional tax, penalties and interest that is owed. “Since Congress enacted new procedures increasing award amounts last year, […]