Local tax preparer, Leonard D. Rea, of Leonard D. Rea & Co. warns that many area non-profit organizations could be at risk of losing their current non-profit status if they do not file the appropriate documents with the IRS.
Rea states that in 2006, Congress changed the rules for non-profits and tax returns. Previously organizations with [...]

Third quarter estimated tax payments are due to be mailed on or before September 15.  If you are self employed or have a change in your filing status or income for 2010 this is your chance to eliminate or reduce underpayment penalties.  You need to estimate your annual income (after deductions and expenses) and compute [...]

Dateline Annapolis, MD – August , 2010
Leonard D. Rea EA CFP joined federally authorized tax practitioners including Enrolled Agents, Attorneys and CPAs from many parts of the country for a comprehensive conference on the advanced aspects of representing clients before the IRS. Enrolled Agents (EAs), Attorneys and Certified Public Accountants (CPAs) are federally authorized tax [...]

I recently attended a 3 hour class that dealt mostly with the basis of Partnerships and S-Corporations.  Although not thought of by most taxpayers, the basis of your assets is very important.  This could be as simple as knowing your total cost for a particular stock when you sell it and could simply be the [...]