Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as 'employment taxes'

IRS Employment Tax Initiative

April 3rd, 2010 · Comments Off on IRS Employment Tax Initiative · Charity, employment taxes, expense reimbursement, Federal Income Taxes, intermediate sanctions

Beginning in February, 2010, the IRS is conducting its first Employment Tax National Research Project since 1984. For the first time, this project will include audits of exempt organizations. Of the 6,000 companies to be audited, some 500 audits of exempt organizations should be expected. The IRS will be focusing on four employment tax compliance […]

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Six Important Facts about Tax-Exempt Organizations

March 25th, 2010 · Comments Off on Six Important Facts about Tax-Exempt Organizations · Charity, employment taxes, Federal Income Taxes, Governance, intermediate sanctions

The IRS just published six important facts about tax-exempt organizations:  reproduced in full below: Every year, millions of taxpayers donate money to charitable organizations. The IRS has put together the following list of six things you should know about the tax treatment of tax-exempt organizations. 1.        Annual returns are made available to […]

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