Archive for the ‘Tax Exemptions’ Category

Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available

by P. Lewis Robinson
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May
20

WASHINGTON —The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010.

Designed to encourage employers to hire and retain new workers, the payroll tax exemption and the related new hire retention credit were created by the Hiring Incentives to Restore Employment (HIRE) Act signed by President Obama on March 18. (more…)

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Many Tax-Exempt Organizations Must File Form 990 by May 17 Deadline to Preserve Tax-Exempt Status with IRS

by P. Lewis Robinson
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May
13

WASHINGTON — A crucial filing deadline of May 17 is looming for many tax-exempt organizations that are required by law to file their Form 990 with the Internal Revenue Service or risk having their federal tax-exempt status revoked. 

The Pension Protection Act of 2006 mandates that all non-profit organizations, other than churches and church related organizations, must file an information form with the IRS.  This requirement has been in effect since the beginning of 2007, which made 2009 the third consecutive year under the new law. Any organization that fails to file for three consecutive years automatically loses its federal tax-exempt status. (more…)

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Six Important Facts about Tax-Exempt Organizations Revised

by P. Lewis Robinson
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Apr
13

Every year, millions of taxpayers donate money to charitable organizations. The IRS has put together the following list of six things you should know about the tax treatment of tax-exempt organizations.

  1. Annual returns are made available to the public. Exempt organizations generally must make their annual returns available for public inspection. This also includes the organization’s application for exemption. In addition, an organization exempt under 501(c)(3) must make available any Form 990-T, Exempt Organization Business Income Tax Return. These documents must be made available to any individual who requests them, and must be made available immediately when the request is made in person. If the request is made in writing, an organization has 30 days to provide a copy of the information, unless it makes the information widely available. (more…)
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Six Important Facts about Tax-Exempt Organizations

by P. Lewis Robinson
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Mar
25

Every year, millions of taxpayers donate money to charitable organizations. The IRS has put together the following list of six things you should know about the tax treatment of tax-exempt organizations.

  1. Annual returns are made available to the public. Exempt organizations generally must make their annual returns available for public inspection. This also includes the organization’s application for exemption. In addition, an organization exempt under 501(c)(3) must make available any Form 990-T, Exempt Organization Business Income Tax Return. These documents must be made available to any individual who requests them, and must be made available immediately when the request is made in person. If the request is made in writing, an organization has 30 days to provide a copy of the information, unless it makes the information widely available. (more…)
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Property Tax Exemptions if you are 62 and older as of 1/01/2010.

by P. Lewis Robinson
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Jan
10

If you were 62 on January 1, 2010, you may be eligible for certain exemptions from your property taxes in the state of Georgia. You should go by your local Property Tax Office and show them proof of your age as of January 1, 2010 before march 1, 2010 or April 1, 2010, depending on the county where the property is located.

For due dates of personal property tax returns and much more information about the property taxes for each Georgia county, follow the link below to the State of Georgia’s WEB page to select the county that you need information about.
LINK TO GEORGIA DEPARTMENT OF REVENUE

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