Bill Adams

Form 990 Deadline Extension for Regions Affected by Hurricane Sandy

by Bill Adams 8. November 2012 08:37
The IRS has reacted quickly to the tragedy and announced a number of extensions for organizations in the affected regions. For tax-exempt organizations, Form 990 deadlines have been extended to February 1, 2013 in the following areas:  In Connecticut (starting Oct. 27): Fairfield, Middl... [More]
Categories: Tax

2012 Exempt Organizations Work Plan Released by IRS

by Bill Adams 29. March 2012 12:00
  In February, the IRS issued the 2012 Exempt Organizations (EO) work plan. For those who work with EOs, the plan “provides an opportunity to understand where the IRS enforcement initiatives will be as the IRS must try to allocate its limited resources efficiently.” Historically, t... [More]
Categories: Tax

2012 Offshore Voluntary Disclosure Program

by Bill Adams 13. February 2012 10:45
  The IRS recently announced that it has reopened the Offshore Voluntary Disclosure Program (OVDP), which will continue for an indefinite period of time.  The OVDP allows for reduced penalties for taxpayers who voluntarily disclose their offshore bank accounts or other assets that have no... [More]
Categories: Tax