filed in Taxes on Feb.09, 2010
I loved the IRS’s provided “drop in media”, which displays your tax return being crumpled and thrown in the garbage. Their portrayal isn’t far from what happens if you don’t file your 990 – you are in effect throwing away your 1023. With IR-2010-10 the IRS has implemented an automatic revocation of tax-exempt status for [...]
filed in 403b Plans on Jan.26, 2010
Until recently, 403(b) plans weren’t considered a “hot topic.” However, the new auditing requirements for the plans have brought up new and more questions about them. Here is some basic information about 403(b) plans:
Contributions –The 2010 contribution limit is $16,500, which is the same as it was in 2009. Participants over the age of 50 [...]
filed in Form 990 on Dec.15, 2009
If you are like me, you receive an announcement of an upcoming conference or seminar and immediately look at the topics to decide if it is even worth your time opening your calendar. Over the past year I have seen so many come through with the major focus being: The New 990.
Yep. There it is [...]
filed in Form 990 on Dec.08, 2009
The donor summary section is an interesting section of the Form 990 as it is generally withheld from any copy of the return that is made available for public inspection. You should be aware that you are not required to (nor should you) furnish Schedule B with such copies, as it contains confidential information about [...]
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