Recent Posts by admin

Things organizations should know about applying for tax-exempt status

To be tax-exempt under Section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for any of these purposes: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or preventing cruelty to children or animals.Organizations that want to apply for recognition of tax-exempt…
Read more

IRS revises FAQs for Tax Year 2021 Earned Income Tax Credit

WASHINGTON — The Internal Revenue Service today revised frequently asked questions (FAQs) for the 2021 Earned Income Tax Credit (FS-2022-30) to educate eligible taxpayers on how to properly claim the credit when they prepare and file their 2021 tax return. The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families in the…
Read more

Recent Comments by admin

No comments by admin yet.

Visit Us On FacebookVisit Us On Linkedin