Items Tagged with 'IRS'


IRS extends filing date for employers’ ACA forms

January 8, 2016
The holiday season is a notoriously hectic time of year. So when the IRS extended its deadline to submit some Affordable Care Act forms in the last week of December, it seemed the government agency had gifted employers the one thing no one has enough of — time. Read More

Small business IRS fine goes up to $1 million

Incorrectly filing tax forms could prove more costly.

January 1, 2016
The IRS can now fine a small business up to $1 million for failure to file correct tax information. Read More

IRS approves nonprofit status for Kent District Library

Surprisingly, not all public library systems in Michigan have 501(c)(3) status.

August 29, 2014
Linda Krombeen’s job just got busier — and in one respect, easier. She probably won’t have to hear "no" so often when she’s trying to get a grant or donation. Read More

Rules change allows nonprofits to secure tax-exempt status more easily

IRS simplifies process so donors can make contributions of goods and services.

August 8, 2014
The IRS has just made it faster, easier and less expensive for small charities to apply for tax-exempt status. Read More

IRS offers shortcut to tax-exempt status

August 1, 2014
Founding a nonprofit often is based on a vision of helping make the world a happier, healthier, better place — but the process can be a nightmare. Read More

U.S. taxes its citizens on worldwide income (and other fun facts)

June 13, 2014
The Internal Revenue Service just released its statistics on income data for the 2011 individual tax filing season. Read More

Bitcoins: currency or property?

April 25, 2014
If your bitcoin stash is hacked, can you claim a loss on your taxes? Read More

Final IRS repair regulations take effect

There may be some tax-saving opportunities for small businesses.

March 21, 2014
The start of 2014 marked the effective date of the IRS’s final version of its repair regulations. Read More

Corporate minutes offer peace of mind for tax purposes

And they may keep the IRS from poking its nose into the business.

January 10, 2014
Keeping well-documented meeting minutes is more important than one might think. Read More