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IRS on Political Contributions from Tax Exempt 501(c)(3) Organizations

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   The Restriction of Political Campaign Intervention by Section 501(c)(3) Tax-Exempt Organizations Under the Internal Revenue Code, all section 501(c)(3) organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. Contributions to political campaign funds or public statements of position…

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Half of Prince’s Estate Will go to Taxman!

Prince

Minnesota Judge Shows No Urgency to The Detriment Of The Estates (Prince) Carver County District Judge Kevin Eide has announced that there will be no quick decisions in who will be inheriting from the late superstar according to USA Today. The probate judge in charge of the legal proceedings surrounding Prince’s estate has further indicated that due to the…

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Using Worker’s Password to Access Info at Former Workplace is Illegal Hacking

employee on computer

   A federal appeals court has ruled that using a former assistant’s password to access information from a previous employer is hacking that is banned by the Computer Fraud and Abuse Act.   The San Francisco-based 9th U.S. Circuit Court of Appeals ruled 2-1 Tues day that former Korn/Ferry employee David Nosal violated the law when he used the…

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IRS Sent Out Erroneous Employment Tax Deposit Penalty Notices

taxes

   IRS website, Small Businesses & Self-Employed, “Memorial Day FTD Penalty Error” (Aug. 4, 2016) IRS has announced that it erroneously sent out notices that indicate that taxpayers made late deposits of employment taxes that were due around Memorial Day, 2016 and that impacted taxpayer accounts will be corrected without the taxpayers taking any action. Background. Depending on several…

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