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New Form 990 Changes
Tue, 01/31/2012 - 11:12 | by David BeidlerThe IRS posted the final 2011 Form 990, Return of Organization Exempt From Income Tax, and instructions on its website. Form 990 has become more and more complex as the role of nonprofit organizations has evolved in the United States. The latest version of the form contains a few significant changes, among them the requirement that an organization must complete Form 990, Part I of Schedule F, Statement of Activities Outside the United States, if it had foreign investments during the tax year valued at $100,000 or more.
Eight Tips for Taxpayers Who Receive an IRS Notice
Thu, 08/25/2011 - 09:30 | by Brent A. Hoffman CPAEvery year the Internal Revenue Service sends millions of letters and notices to taxpayers, but that doesn’t mean you need to worry. Here are eight things every taxpayer should know about IRS notices – just in case one shows up in your mailbox.
1. Don’t panic. Many of these letters can be dealt with simply and painlessly.
How to Get Your Prior-Year Tax Information from the IRS
Fri, 08/19/2011 - 09:22 | by Brent A. Hoffman CPATaxpayers sometimes need tax returns from previous years for loan applications, to estimate tax withholding, for legal reasons or because records were destroyed in a natural disaster or fire. If your original tax returns were lost or destroyed, you can obtain copies or transcripts from the IRS. Here are 10 things to know if you need federal tax return information from a previously filed tax return.
1. There are three options for obtaining free copies of your federal tax return information – on the web, by phone or by mail.
