Tag Archives: IRS

IRS Signals Potential Changes to Group Tax Exemptions

According to the ASAE website,┬áthe IRS has signaled that it might soon alter reporting requirements and filing procedures for group tax exemptions or even discontinue them altogether. “Associations with chapters and other subordinate organizations that qualify for group tax exemptions … Continue reading

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New IRS Reporting Requirements for Debit/Credit Transactions

Staring in 2012 all US businesses including government and non-profit organizations will be required to report to the IRS gross payments received through debit or credit cards.
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