Tax Tips

Tips to help organizations understand the tax-exempt application process

IRS Tax Tip 2019-92, July 15, 2019 Organizations that want to apply for tax-exempt status under Section 501(c)(3) of the tax code use a Form 1023-series application. Here are some things organizations should know to help them understand the process: The application must be complete. It must also include the user fee. The application process on IRS.gov includes …

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People can act now to help others in their community next year

IRS Tax Tip 2019-90, July 10, 2019 Every year, hundreds of people volunteer their time to help other taxpayers. IRS volunteers provide free tax preparation in communities across the nation. While it might seem like the distant future, people who want to volunteer in 2020 can start taking action now. The Volunteer Income Tax Assistance and the Tax …

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Taxpayers should be on the lookout for new versions of these two scams

IRS Tax Tip 2019-86, July 2, 2019 With scam artists hard at work all year, taxpayers should be on the lookout for a surge of evolving phishing emails and telephone scams. Taxpayers should watch for new versions of two tax-related scams. One involves Social Security numbers related to tax issues. The other threatens taxpayers with …

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Educators can claim deduction to get money back for classroom expenses

IRS Tax Tip 2019-83, June 26, 2019 Educators may be able to deduct unreimbursed expenses on their tax return. This deduction can put money right back in the pockets of eligible teachers and other educators. Here are some things to know about this deduction: Educators can deduct up to $250 of trade or business expenses …

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