Charity Organizations May Be Tax Exempted But Not Exempted From Filing Returns Form 990-N

Small charitable organizations qualify under section 501 (C)(3) of Internal Revenue Code are considered as small tax-exempt organizations provided that such entities qualifying for this privilege from IRS should not operate on a business motive in making a profit and share the benefit with the shareholders or partners or an individual. These tax-exempts should not forcefully or voluntarily engage to create some favorable rulings of their own for any business interest or in any circumstances show as...

Penalty for Tax Liability of Unpaid Taxes Along with 4868

The normal practice of filing one’s tax return on the prescribed due date April 15th 2014 is the ideal way for one to be IRS-friendly. In most circumstances though this is possible there are times for one to depend on IRS support forms for extension of time to file their tax returns due to their different genuine reasonable causes. One such support form from IRS is 4868 especially supporting for federal individual income tax returns for fetching...

Form 2290 is IRS Norm That Truckers Follow To Pay HVUT

The HVUT payable through IRS form 2290 is indispensable for truckers operating highway motor vehicles such as truck, truck tractors, and buses with a taxable gross weight of 55,000 pounds or more. The excise tax form 2290 is applicable for must and compulsory filing for individual truck owners, LLC’s who run trucks or buses for their purpose, corporations, partnerships, and other organizations viz. educational institutions, -profit and charitable entities, disregarded entities with eligible single-owner or qualified  subchapter...

IRS Form 4868: Extend 6 Month to Income Tax Return Due Date

USA as a grown country considers individual federal tax returns as the most important way of contributing taxes towards nation’s economy as always reflected through with comparison to their jobs offered and unemployment status as per their economic indices which goes to prove that the US individual income tax return filing is equivalent to decide the status of being jobs offered as a friend with enough employment to US economy and pay tax to federal IRS as...