Claim Your Recovery Rebate Credit: A Reminder from the IRS as Tax Season Approaches As the tax season approaches, the Internal Revenue Service (IRS) is reminding eligible individuals who did not file a tax return in 2020 or 2021 to claim their Recovery Rebate...
Fortifying Your Retirement: IRS Raises 401(k) Contribution Limits for 2024 In a move that spells good news for American workers planning for their retirement, the IRS has recently announced an increase in the 401(k) plan contribution limits for the year 2024. This...
Navigating 501(c)(3) Tax-Exempt Status: Balancing Ease of Maintenance with Potential Pitfalls It’s easy for a 501(c)(3) organization (nonprofit) to maintain its IRS tax-exempt status and it is just as easy to lose it. The IRS recognizes private foundations, churches,...
Navigating Individual Tax Filing: Common Errors to Avoid for a Smooth Process Filing your taxes as an individual can seem very easy. However, a lot of little details can slip by depending on your due diligence. Here are 8 common tax filing errors committed by people...
Navigating Non-Profit Tax Obligations: A Guide to Successful Filing and Compliance Congratulations! You were able to set up your non-profit to work on the cause you care about. You also did the hard work of getting the non-profit status established with the IRS. Now...
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