Monthly Archive: March 2017

Form 990: Late filing penalty abatement

BY VANI MURTHY, CPA Many small and medium-size not-for-profit organizations are mostly run by volunteers, and the staff of these charities may forget or inadvertently fail to timely file Form 990, Return of Organization Exempt From Income Tax, Form 990-EZ,…
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IRS issues 2017 car and truck depreciation limits

By Sally P. Schreiber, J.D. The IRS on Friday issued the 2017 inflation adjustments to the depreciation limitations and lease inclusion amounts for certain automobiles under Sec. 280F (Rev. Proc. 2017-29). This year’s guidance includes figures for vehicles that are…
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