Annual & Life Time Gift Tax Exemption Simplified !

When you give gift to anyone , the question “how much is the gift tax” is natural to arise in donor’s mind . But dont worry , because most of the time , there will not be an issue on account of life time gift tax exemption limit set under the law that has to be seen along with annual gift tax exemption limit

New Online Tax Exempt Organization Search

IRS allows tax deduction for charity only if the charitable organization is recognized as tax exempt organization. In order to provide an efficient way to verify of the organization is recognized as tax exempt or charitable organization during the period in which a tax payer is planning to donate, IRS has replaced its online tool for searching tax exempt organization with a faster database web application