Internal Revenue Service

Guy La Monica- How to Settle Your Tax Debts Learn How to Settle Your Tax Debts Owing tax debt can be a frustrating and costly endeavor. Guy La Monica, and his colleagues at RKL Tax Services LLC have options to offer you if you are one of the many tax payers with tax debt. Contact his office today to work with an accountant or Tax Preparer who understands what all of your options are, and meet with someone who can provide you with realistic solutions. What is Tax Debt? Tax debt is the…

Successful fundraising campaign will be a good chance to identify its target audience and create a goal. People who would invest the most or have a strong belief in the products or services for the organization will be the target audience. They are willing to participate in the fundraiser and pay for the products or services. It is essential to consider the needs of the funder because they expect something as much as they…

incorporate.com where they put you through a step to step process on how to incorporate your nonprofit organization. Incorporating your nonprofit organization is an important step because an incorporated nonprofit gives the nonprofit credibility to services…

organizations exist to provide various types of services and needs to the surrounding community and/or to the nation or world, as a whole. Unlike the for-profit counterparts, nonprofits do not exist to generate profit or have owner’s equity or stockholders (Accounting Coach, n.d.). Instead, nonprofits must rely on contribution, membership dues, program revenue, fundraising events/activities, public or private grants, or investment income to generate revenue to keep the organization running and…

During the reconstruction of the IRS in 1998, Congress created the IRS Oversight Board. The Board’s responsibility is to oversee direction, and supervision of the execution and application of the internal revenue laws. In order to enforce the Internal Revenue Code, the IRS are given powers like the ability to collect information, enforce civil penalties and the ability to withhold taxes automatically from employee paychecks. Following an Eyewitness News investigation, the IRS…

IRS Burdening United States Citizens The Internal Revenue Service is seen negatively by many United States citizens. The agency is seen as a bully or a thief by many taxpayers. The IRS has a poor reputation from various scandals and poor treatment of taxpayers. The agency is well known for its use in scandals such as the Watergate Scandal and improper screenings. There are claims of the IRS using blackmail and harassment to force people to pay their taxes. This lead to many taxpayers to be…

actions to prevent corruption. FIFA’s Independent Ethics Committee has the primary responsible for investigating possible infringements of the FIFA Code of ethics. However, FIFA does not provide a systematic control of corruption risk for it system of internal controls (COSC). In the Governing FIFA’s Concept Paper and Report from 2011, it was suggested that FIFA should address more specific rules for risks affecting their system for gifts, hospitality, political and charitable contributions, and…

in the United States, behind only religious organizations. Even with such prevalence, only a bit more than half of the nearly 212,000 educational nonprofit organizations operate in the financial space where the IRS Form 990 is required. (Internal Revenue Service, 2016) Education nonprofits hold a somewhat oversized position in the United States. Due to the compulsory nature of primary and secondary education, and the attention given to postsecondary training and education over the last…

time of tight financial crunch and lack of government resources, where do some of our citizens find help? Nonprofit organization (NPO) becomes more needed than ever in our community. It is a term coined by the Internal Revenue Service (IRS), defined as a tax-exempt organization whose revenue turnover should be used entirely to enhance their charitable amenities. NPO plays an essential part in social, economic or beneficial in all communities. American loves nonprofits. They represent…

money because they suspect that Michael did not file his return with all of the money he stole. Therefore, the internal revenue service will be looking for their tax money before any goes back to the restaurant business. Therefore, it was important for this company to contact a forensic accountant so they could understand how much was embezzled from their company and update their internal controls so that this type of a situation does not occur…