Deductible Expenses for a Newly-Formed Partnership
Are you planning on starting a partnership for business purposes? Usually, partnerships will incur various costs while forming a partnership. Some of these costs [...]
Partnership Property Contribution and Taxable Exchange
Partnerships offer many tax advantages for their partners. One such benefit is that when property is contributed to a partnership in return for a [...]
Tax Withholding Update: Social Security and Medicare Tax for 2013
Following the passage of the American Taxpayer Relief Act of 2012, the IRS issued Notice 1036 with respect to withholding tables for the year [...]
Classification Conversion of A Tax-Exempt Organization: 501(c)(6) and 501(c)(3) Organizations
In a previous article, I already discussed some of the major differences between 501(c)(3) and 501(c)(6) organizations. However, this discussion was limited to characteristics [...]
Differences between 501(c)(3) and 501(c)(6) Organizations
Are you thinking of creating a tax-exempt organization under federal income tax law? Tax-exempt organizations can provide extraordinary benefits to their members and society, [...]