Month: May 2016

Don’t ignore that IRS notice!

According to a 2016 report from the Treasury Inspector General for Tax Administration, the IRS mailed more than 188 million notices and letters to taxpayers during 2014. There’s no reason to believe the number of notices will be any less…

After you file your tax return…

So you’ve filed your federal income tax return and the hard work is finished. Now you can turn to these less pressing but no less important questions. What records should I keep? If you reported stock or other asset sales,…

Is your nonprofit organization at risk?

May can be a risky month for calendar year nonprofit organizations. Why? Because annual returns for nonprofits with a December 31 year-end are due in mid May (the due date is Monday, May 16, this year). Missing the due date…