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Monthly Archives: April 2011

401(k) distributions to embezzlers?

I recently received an interesting inquiry: If an employee has embezzled funds from a company, must the company turn over Read More >>

Officially recognizing donations

As a 501(c)(3) organization, you’re required to send written acknowledgement of all donations valued at $250 or more. Here’s a Read More >>

In-plan conversions to Roth accounts, part 2 of 2

Most in-plan conversions will be taxable in the year they are rolled over, so employees may want to convert half Read More >>

President Signs Repeal of Expanded 1099 Requirements

On Thursday, President Barack Obama signed legislation repealing the expanded 1099 reporting requirements that were enacted last year. The bill Read More >>

‘In-kind’ donations, part 2 of 2

Here’s a little more information about in-kind service donations. Services are defined as such things as accounting or legal services Read More >>

In-plan conversions to Roth accounts, part 1 of 2

Employees or surviving spouses may want to consider the benefits of an in-plan conversion from a 401(k), 403(b) or governmental Read More >>

IRS Announces Qualified Disaster Treatment for Japan

IR-2011-37, April 5, 2011 Washington — The Internal Revenue Service today issued guidance that designates the earthquake and tsunami in Read More >>

‘In-kind’ donations – part 1 of 2

I get a lot of questions about the tax ramifications of in-kind donations (contributions other than cash). There are two Read More >>

What you should know before you share your facilities with outside groups

It’s not uncommon for churches to let other, outside groups use the church’s facilities for meetings, banquets, sporting events, etc. Read More >>