by Dan Smith | Jul 1, 2014 | Entrepreneurs' Business Blog
There’s a new Form 1023-EZ that small non-profit organizations can file online to apply for tax-exempt status. In order to qualify to use Form 1023-EZ, the organization must have annual gross receipts that do not exceed $50,000 and assets that do not exceed...
by Dan Smith | Jul 1, 2014 | Entrepreneurs' Business Blog
The IRS released new Form 1023-EZ today. This new 3-page form will allow qualifying non-profit organizations that wish to seek tax-exempt status to file the new form online rather than filing the old, traditional paper form that is much longer and more detailed. In...
by Dan Smith | Jun 24, 2014 | Entrepreneurs' Business Blog
The U.S. Tax Court decided a case yesterday called Jones v. Commissioner. That case provides helpful guidance as to how a determination is made regarding whether a worker is an employee or an independent contractor. This type of determination is essentially a factual...
by Dan Smith | Jun 23, 2014 | Entrepreneurs' Business Blog
The U.S. Tax Court did not release any opinions on Friday, June 20, 2014. Today, the big news is that IRS Commissioner Koskinen will testify on Capitol Hill again–this time before the House Committee on Oversight chaired by Rep. Darrell Issa. The hearing is...
by Dan Smith | Jun 23, 2014 | Entrepreneurs' Business Blog
IRS Commissioner Koskinen will testify on Capitol Hill again today, this time before the House Committee on Oversight, chaired by Rep. Darrell Issa. If last week’s hearing is any indicator, look for today’s hearing to be testy. The U.S. Tax Court did not...
by Dan Smith | May 13, 2014 | Entrepreneurs' Business Blog
If you receive a notice of deficiency from the Internal Revenue Service, you have 90 days from the date of the notice to file a petition with the Tax Court, contesting the proposed deficiency. If you fail to do so, then the IRS can assess the additional tax deficiency...
