Making charitable gifts got a little easier this year. Well, for seniors anyway. On August 17, 2006, President Bush signed what was dubbed the Pension
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Fix The Tax Code Friday: Breaks For College Sports?
Everybody in the US (and beyond) seems to agree that the Tax Code is broken. What we can’t seem to agree on is how to
Read MoreAre You Ready For Some Football?
Madeline had previously posted an interesting query about the economics and tax implications of (gulp) college football. It’ worth another look in light of this
Read MoreFees, Fees, Fees!
You can’t raise taxes in an election year. That wouldn’t be wise. You can raise fees. So, of course, IRS did. As of June 2006,
Read MoreIndebted To Uncle Sam?
You can’t turn on the TV lately without seeing those ads from so-called “debt counseling” services that offer to reduce or eliminate your credit card
Read MoreNoncash Charitable Contributions
For tax year 2003 (the most recent tax year for which data is available), individuals reported noncash donations valued at $36.9 billion. These donations were
Read MoreElection Season Starts Early For IRS
As reported previously, the IRS will be stepping up efforts to curb election year campaign activities from nonprofit organizations following a particularly active 2004 election
Read MoreCost Of Doing Business
The IRS has announced increases in a number of user fees for tax-exempt organizations, effective July 1, 2006. Specifically of interest, the fee for an
Read MoreTax Deadline Fast Approaches
The deadline for tax-exempt organizations to file the Form 990 or Form 990-EZ (informational returns) is May 15. Tax-exempt organizations that cannot meet the deadline
Read MoreThe Madness Of March
The madness of March just got a little… madder? In an article from the Chronicle of Higher Education, it was reported that an inquiry has
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