IRS Small Business and Self-Employed Tax Center

If you own a small business and are concerned about your taxes, you’ll want to bookmark this page:   http://www.irs.gov/Businesses/Small-Businesses-%26-Self-Employed/Small-Business-and-Self-Employed-Tax-Center-1 The IRS maintains a Small Business and Self-Employed Tax Center as a centralized ...
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New 1023-EZ Form Makes Applying for 501(c)(3) Tax-Exempt Status Easier; Most Charities Qualify

On July 1, 2014, the Internal Revenue Service introduced a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily.   The new Form 1023-EZ, available today on IRS.gov, is three pages long, compared with the standard 26-page Form 1023. Most small organ...
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DO THE TOP 1% PAY ENOUGH TAXES? TOO MUCH?

The top 1% of households pay too little in taxes. That’s the opinion of 55% of people surveyed in CNNMoney’s American Dream poll. More women (61%) than men (49%) held that view.  And not surprisingly, so did more Democrats (77%) than Republicans (33%). Straddling the middle were indepen...
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IRS eyes new ways to tax miles of frequent fliers

May 1, 2013 IRS eyes new ways to tax miles of frequent fliers The Internal Revenue Service is getting ready to toughen the tax treatment on frequent flyer miles and hotel loyalty reward programs. The IRS announced in 2002 that it wouldn’t try to go after individuals for income taxes on frequen...
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