IRC Code, Section 501(c) sheds light explicitly on the critical requirement for a tax-exempt organization. In applying for tax exemptions, firms need first to apply to be recognized...
What is a private activity bond (PAB)?PABs are tax-exempt bonds distributed by or on behalf of a state or local authority to provide special financial benefits for eligible projects....
What if you had the chance to win an award of excellence for your outstanding contributions to art, community service, or science? Do you have to pay income tax on this amount? The...
The same way all workers pay income taxes in the United States, pastors, clergy, and ministers must pay income taxes. However, there are some tips and considerations people in this...
The non-profit status may make an organization eligible for certain benefits, such as exemptions on state sales, property tax, and income; however, this corporate status does not automatically...
Do you often feel that retirement planning is like mastering another language? It really doesn’t have to be that way. Contrary to popular belief, retirement plans are easy to...
Posted by Don Bell Law on 07/09/2020
Many people without wealthy parents or access to scholarship will find college expenses overwhelming. In addition to the high tuition fee, there are many expenses. The good news is...
Posted by Don Bell Law on 04/02/2020
The best in all of us is usually brought out by the circle of giving. Our moral drive to pay something forward when we feel grateful represented it. The benefits are usually immense...
Posted by Flynn Financial Group Inc on 12/29/2019
Form 990 (formally, the "Arrival of Organization Exempt From Income Tax") is a United States IRS form that provides the general population with budgetary information about...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/04/2019