Taxes | Lauzen Accounting

June 30, 2014

Hot Topics: Post-College Start-ups on the Rise

Streamlined Tax-Exempt Application Process Introduced

The IRS introduced a streamlined application process for small organizations that want tax-exempt status under Sec. 501(c)(3). Source: AICPA – Tax

July 2, 2014

Unused ITINs Will Expire After Five Years Under New IRS Policy

The IRS announced a new: ITINs that are not being used will expire after five years. The policy will go into effect in 2016. Source: AICPA […]

July 2, 2014

IRA, Qualified Plan Participants Can Purchase Longevity Annuities

Final regulations issued permit IRA and qualified plan participants to enter into longevity annuities, using a certain amount of their account balances, without having these amounts […]