Category Archives: IRS Forms

Shifting the Burden of Taxes to a Simpler Form and Tax Rate

When corporations and individuals do not pay taxes because of deductions, depreciation and credits, the relevant question is to whom does the burden of taxation shift? Do you want a simpler¬†federal tax code that is easier to understand, pay, and … Continue reading

Posted in Advisory Committee on Tax Exempt and Government Entities (ACT), Chronicle of Philanthropy, Flat tax, IRS ACT committee, IRS Forms, Martin Law Firm, Marty Martin, Nonprofit lawyer, Nonprofit Organizations, Nonprofit Quarterly, North Carolina nonprofit lawyer, Tax, Tax exempt organization, Unrelated business income, Unrelated Business Income Tax | 1 Comment

IRS 1023 EZ

On July 1, 2014, the IRS announced its new IRS Form 1023 EZ. This form is designed¬†to ease and expedite the application process for small organizations which project $50,000 or less in income and assets of less than $250,000 during … Continue reading

Posted in Advisory Committee on Tax Exempt and Government Entities (ACT), Exempt organization, IRS, IRS Forms, Nonprofit Organizations, North Carolina Lawyer for Nonprofits, Starting a Nonprofit, Tax, Tax exempt organization | Tagged , , , , , , , , , | Leave a comment