Category Archives: Tax

What organizations should understand about applying for tax-exempt status

Organizations that want to apply for recognition of tax-exempt status under Section 501(c)(3) of the tax code use a Form 1023-series application. Here are some tips to help them understand the process. • The application process on IRS.gov includes a step-by-step guide explaining how to apply for tax exempt status. • Form 1023-series applications for recognition of…
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Things people do during the summer that might affect their tax return next year

It's summertime and for many people, summertime means change. Whether it’s a life change or a typical summer event, it could affect incomes taxes. Here are a few summertime activities and tips on how taxpayers should consider them during filing season.Getting marriedNewlyweds should report any name change to the Social Security Administration. They should also…
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