Category Archives: Non-Profit

*AskTaxMama Newsletter, *Tax Quips, Auto Expenses, Back-Up Withholding, Bankruptcy, Business, Depreciation, Employer ID Number, Estimated Taxes, Exempt Organizations, IRS News, ITIN, Non-Profit, Non-Profits, Sec 199A - Small Business Income Deduction, Social Security and SSDI, SSNs, Withholding

Small Business Week

Posted on by TaxMama
10
May

  TaxMama® welcomes you to Small Business Week! The IRS has been sending out all kinds of helpful information. (You know – I’m from the IRS and I’m here to help you!) Dear Family, It is, indeed, Small Business Week. And since many of you own your business, or run a business or profitable hobby […]

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*AskTaxMama Newsletter, Charities, IRS News, Non-Profit

IRS Online Search Tool for Easier Check on Information About Exempt Organizations

Posted on by TaxMama

Courtesy of the IRS WASHINGTON — The Internal Revenue Service has launched a new online search tool, Exempt Organizations Select Check, to help users more easily find key information about tax-exempt organizations, such as federal tax status and filings.

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*Tax Quips, Charities, Donations, Exempt Organizations, Non-Profit

Charity for Dying Man

Posted on by TaxMama

Today TaxMama® hears from Jenenne in the TaxQuips Forum with this sad story. “At my husbands job they just found out that a fellow employee has been given 3-5 months left to live. The doctors say nothing can be done for him. Everyone is scrambling trying to get some money together for him to be […]

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*AskTaxMama Newsletter, *Special Reports, *Tax Quips, Charities, Exempt Organizations, Non-Profit, Non-Profits

A Little Groundwork: Nonprofit Return : The 990

Posted on by TaxMama

As with many things in life, we know we have to do them and we have to do them right and on time; filing tax returns ranks fairly high in this arena for many. In my own experience I have found that by finding some history or some context…

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*Special Reports, *Tax Quips, Charities, Exempt Organizations, Non-Profit, Non-Profits

Basic Legal / Financial Boundaries for a Nonprofit

Posted on by TaxMama

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:

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*AskTaxMama Newsletter, *Special Reports, *Tax Quips, Charities, Non-Profit

The Basics: Why is there a NonProfit Tax Status?

Posted on by TaxMama

The intricacies of nonprofit finance: solicitations, donations, gifts, pledges, 990, 1099, annuities, acknowledgements, meaningful budgets and reports make this topic rich with possibilities. You’re panting, now aren’t you?

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*Tax Quips, Adjusted Gross Income (AGI), Alternative Minimum Tax (AMT), Contributions, Donations, Non-Profit, Tax Planning, Tax Professionals

The Magic Number

Posted on by TaxMama

Today TaxMama hears from Bill in the TaxQuips Forum, who is carrying a heavy load. “My wife and I pay almost $150k per year in Federal taxes and another almost $50k in state income taxes with most of it coming from W2 earnings.  I’m really tired of paying this much money to those in government […]

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*Special Reports, Corporations, Dissolutions, Incorporation, LLC, Nevada, Non-Profit, S Corporations

How to Incorporate Your Own Business – or Your Clients’ Businesses

Posted on by TaxMama

Hi Eva, I was hoping that you could point me towards a place where I could learn more about incorporating small business’s. For a couple of years I’ve been sending people to lawyers to get incorporated and I’m tired of it. I incorporated my own business and my husband’s so I have a pretty good idea of […]

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*Tax Quips, Charities, Non-Profit

Unused Charity Vouchers

Posted on by TaxMama

Today TaxMama hears from Alice in the TaxQuips Forum with an interesting concept.buy generic cialis online blackmenheal.org/wp-content/languages/new/buygeneric/cialis.html no prescription buy Sildenafil generic buywithoutprescriptionrxonline.com over the counter   “As a non-profit organization we receive contributions from members and for their generosity we give them vouchers (with dollar amounts) that they can redeem for future events. My question […]

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*AskTaxMama Newsletter, Exempt Organizations, IRS News, Non-Profit, Non-Profits

Exempt Organization News

Posted on by TaxMama

During yesterday’s IRS Stakeholder Relations meeting, we were treated to some information from Joyce Hoover, IRS’s Exempt Organization Group’s Senior Technical Advisor.buy vidalista generic newonlineandblo.com over the counter She’s been working with exempt organizations for about 19 years…so she’s lived through the history and development of this department.  

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*Tax Quips, Charities, Non-Profit, Volunteering

Non-Profit Quotas

Posted on by TaxMama

Today TaxMama hears from Dennis in the TaxQuips Forum, with a problem.  “I have recently become Treasurer of a band booster organization and need clarification about quota accounts.  They have a “quota” account for each student that is used for an annual trip.  You must make your quota amount or you are not allowed to […]

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