How to Apply for 501(c)(7) Status With Form 1024
Learn how to apply for 501(c)(7) status with Form 1024, from confirming your club qualifies and setting up the organization to filing and ongoing IRS obligations.
If You Live on a Boat, Do You Pay Taxes? Residency, Deductions, and FBAR
Learn how you pay taxes if you live on a boat, from federal and state residency to the boat-related taxes, deductions, and offshore reporting that follow.
What Happens If You Don’t Respond to an IRS Audit?
Learn what happens if you don't respond to an IRS audit, from the assessment and penalties to collection enforcement and the relief still available.
Will I Get My Ex’s Tax Refund for Child Support?
Learn whether you'll get your ex's tax refund for child support, from arrears and case enrollment through offsets, timing, and complications.
Do Colleges Pay Taxes? Exemptions, Endowment Tax, and UBIT
Learn how colleges pay taxes, from the exemptions non-profit schools receive to the levies that still apply and the full liability of for-profits.
How to Transfer Assets to an LLC: Deeds, Taxes, and Records
Learn how to transfer assets to an LLC, from matching each asset to the right paperwork through tax treatment, title updates, and recording the contribution.
What Happens If You Don’t Pay Quarterly Taxes on Time?
Learn what happens if you don't pay quarterly taxes on time, from how the IRS penalty is calculated to ways to reduce it, avoid it, or request a waiver.
Can You Sell Shares of an LLC? Operating Agreement, Pricing, and Taxes
Learn how selling shares of an LLC works, from operating agreement rules and pricing through partnership tax treatment and closing paperwork.
Deed in Lieu vs Foreclosure: Waiting Period, Deficiency, and Taxes
Learn how a deed in lieu vs foreclosure compares, from credit impact and mortgage waiting periods to leftover debt and tax consequences homeowners face.
What Is Contract Labor? Classification Tests and Tax Rules
Learn how contract labor works in the U.S., from the tests that classify workers to the taxes owed by each side and what happens when the label is wrong.