The IRS Audit Blog

Archive for December, 2008

Question: I need help with my IRS 1023 form. I have a non-profit and seeking my 501(c) (3) status? Help!!?

I’m a fledgeling corporation and no financial previous years history.

Answer: Try to get in touch with your State/County
SCORE group – that’s a volunteer group who were working professionals who would be happy to help a group as yours.

Any IRS form has instructions on
www.irs.gov

and the local IRS office (near you) would be happy to help with any of your forms.

GOD bless us always.
MBA-Boston Univ.
CPA-retired
previous Fed. Auditor

United States: Applying For Tax Exemption? Toy With The IRS At Your Peril

The Tax Court recently delivered some sound advice – do not play “cat and mouse” with the IRS. In Ohio Disability Association v. Commissioner , a Tax Court Memo filed November 12, 2009, the Tax Court rejected the petitioner’s request for a declaratory judgment that it qualified as a public charity . The court’s rejection was based on its inability to conclude that the organization would operate …

Briefs – Feb. 4

Senior Meal every third Sunday at Clarinda Regional Health Center

RP2012 – Daily HR1207/S604 – 8/6/09 – Email/Fax/Phone Bomb!

Prospect Capital Announces 37% Increase in Net Investment Income

NEW YORK, NY–(Marketwire – February 9, 2010) – Prospect Capital Corporation ( NASDAQ : PSEC ) (“Company,” “Prospect” or “we”) today announced financial results for its second fiscal quarter ended December 31, 2009.

WE ARE MORE ALIKE THAN WE ARE DIFFERENT Part 2 of 3

New Tax Preparer Requirements Have Drawbacks

The Internal Revenue Service proposals for registration, testing and continuing education of tax preparers has won praise from most stakeholders.

Tax Credit for First Time Home Buyer Mortgage, $8000 Government Assistance Program for Home Finance

Question: Will an impending audit affect my upcoming tax year?

I’m currently being audited by the IRS. I am in the process of an appeal for allowance of EIC, head of household, etc… I will be filing my upcoming year with the same child in January. If no decision has been made at that point, is it going to hold up my current refund?

Answer: If no determination has been made on your audit, it shouldn’t hold up the new refund. Unless your 90 day time limit expires and you haven’t proven to the IRS that you were entitle to EIC and HH the first time. If your 90 day time expires, you are considered to have lost the audit and then the new refund will certainly be fair game to pay back what you owe for not being HH or receiving EIC.

The Media Consortium: Weekly Diaspora: Real Immigration Reform in 2010

By Nezua, Media Consortium Blogger “Is it ever ‘the right time’ to pass immigration reform and a path to legalization?” asks Maribel Hastings at New…

Tax Court Or Petition