The IRS issued the revised Form 990 and Form 990-EZ during the past year. It is effective for 2008 tax years which are filing in 2009. To say that the IRS made a few changes would be an understatement. The IRS completely changed the look of the form and now requires information not previously required. […]
It’s not unusual for church groups to have raffles as fund-raising events. And sometimes the prizes can be quite large! Some things to remember: 1. Generally, if the prize is more than $600, the group awarding the prize MUST report it to the IRS. Use IRS Form W-2G. 2. If the prize is more than […]
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by Verne Hargrave After viewing our website or reading one of our brochures we are often asked this question. Evidently, it is a little perplexing to some why a CPA firm would choose a frog as its mascot. So, as we inaugurate this blog the first thing I want to do is “explain the frog.” […]