TaxEsqBlog -by Ronald J. Cappuccio, J.D., LL.M.(Tax)

Filing the revised IRS form 990 is a big burden for Non Profits. Many non-profits are now being required to maintain more sophisticated records and to do complex tax compliance. I anticipate Nonprofits and Churches will be subject to heightened IRS scrutiny and IRS and State Tax audits. Click here for an interesting article .

From 2005 to 2007 the IRS increased audits of the smallest companies - those with assets under $10 million. Internal Revenue Service investigations increased a whopping 41 percent. This is part of the government's attack on small business by the IRS and other government regulators. See the full article.