When it comes to tax obligations, there is a difference between independent contractors and employees. The Internal Revenue Service (IRS) explains that, in general, a worker is an independent contractor when they have independence over their work. When the payer can...
Tax Issues and Nonprofit Organizations
Charities, foundations and other nonprofit organizations play a crucial role at all levels of society with the overarching goal of serving the public good. While this mission is admirable, the fact remains that nonprofits must comply with a number of tax regulations...
