| Hi, Website Visitor. Here are this weeks ' best practices ' articles from Wertz & Company. Please contact us with questions. |
| Wertz & Company Announcements |
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| IRS Imposes New Reporting Requirements on Not-for-Profits |
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| The IRS is paying more attention to not-for-profits following reports of some organizations paying excessive compensation to certain directors, participating in tax shelter schemes and engaging in other improper transactions. As a result, the tax agency has increased the reporting requirements for IRS Form 990, which must be made available to anyone from the general public upon request. Here is a look at the many changes and how they affect organizations. |
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| Tax and Financial Angles in the New Housing Law |
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The new housing law, signed by President Bush on July 30, is designed to stimulate the real estate market, reduce foreclosures and help the mortgage lending industry. To find out whether you can benefit from the tax and non-tax provisions in the wide-ranging legislation, click "Full Article." Copyright © 2009 |
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| Making the Most of a Flexible Spending Arrangement |
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You can shelter thousands of dollars in salary in a flexible spending arrangement (FSA) that you use to pay medical and dental expenses. Here's a rundown of how these fringe benefit plans work, along with details about an IRS rule that makes FSAs even better. Copyright © 2009 |
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