Small not-for-profit organizations at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008 and 2009 can preserve their status by filing returns by October 15, 2010, under a one-time relief program, the IRS announced. On its Web site, the IRS posted state-by-state lists of the names and...
Read more →The Small Business Administration issued a proposed rule to make numerous changes to its 8(m) program for women-owned small businesses and economically disadvantaged women-owned small businesses. The Commentary summarizes the more significant changes in the SBA’s proposed rule: Elimination of the need for repeated certification submission to contracting officers. Regulation of the income standards...
Read more →The District of Columbia is providing a tax amnesty program between August 2, 2010 and September 30, 2010 for all taxes administered by the Office of Tax and Revenue (OTR) with the exception of real property related taxes and the ballpark fee. All tax periods prior to December 31, 2009 are covered by the...
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