Tax Services

Tax-Exempt Statuses and Nonprofit Organizations

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Internal Revenue Service, or IRS, has classified and listed many different tax-exempt statuses on the Organization Reference Chart. In addition to being exempt from federal and state income taxes, several other benefits are also available. From incorporation to approval, this article will elaborate the steps that nonprofit organizations are required to take before earning their […]

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Tax Reform & Teachers: The Educator Expense Deduction

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Educator Expense Deduction Barry Kritz & Associates

Tax Reform & Teachers: The Educator Expense Deduction After much talk, new tax reform did not do away with the educator expense deduction. Here’s the breakdown. Educator expense deduction Any qualifying teacher can take advantage of the educator expense deduction up to $250 of their reimbursed expenses, if all items were used specifically for the […]