Should I register my charity with the IRS?

There are many benefits to being registered under Section 501(c)(3) of the Internal Revenue Code. Chief among them is the ability to increase financial support from a charitable donor base. Individuals and businesses are much more likely to donate to a given charity...

What to do if you received a letter from the IRS

The first thing to remember is not to panic. Individuals and businesses receive notices and letters from the IRS all the time. Mail is the most common form of IRS correspondence and millions of letters are mailed out every year. That being said, you definitely do not...

Tips for Filing Form 1099-Misc

If your business made payments to an independent contractor of $600 or more during the course of the year, you are required to issue a form 1099. Much like a W-2 is issued for an employee, a 1099 is sent to an independent contractor. Contractors can be individuals or...
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