Tax Exemption – Internal Revenue Code Simplified https://www.irstaxapp.com A Tax Guide That Saves You Money ! Sun, 24 Mar 2019 15:31:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 https://www.irstaxapp.com/wp-content/uploads/2017/12/cropped-irstaxapp-logo1024x1024-1-32x32.png Tax Exemption – Internal Revenue Code Simplified https://www.irstaxapp.com 32 32 List of Federal Exempt Income https://www.irstaxapp.com/list-of-federal-exempt-income/ https://www.irstaxapp.com/list-of-federal-exempt-income/#respond Sun, 24 Mar 2019 15:31:01 +0000 https://www.irstaxapp.com/?p=2135 Under the Internal Revenue Code or 26 US Code all types of income are taxable unless they are specifically excluded by law. So , whenever you receives any money or benefit in any form -cash,property or services chances are that federal tax law will cover such receipts .But good news is that there are a […]]]> https://www.irstaxapp.com/list-of-federal-exempt-income/feed/ 0 Notice 2019-5 : IRS Allows Hardship Exemption for 2018 https://www.irstaxapp.com/hardship-exemption-health-penalty/ https://www.irstaxapp.com/hardship-exemption-health-penalty/#respond Wed, 09 Jan 2019 05:55:41 +0000 https://www.irstaxapp.com/?p=1711 hardship exemptionThe good news is that the IRS has issued  Notice 2019-5 stating that certain hardship exemptions can be claimed for 2018 without having to obtain a hardship exemption certificate from the health insurance Marketplace  What is Hardship Exemption Certificate ? Section  § 5000A of the Internal Revenue Code requires taxpayers to have minimum essential coverage […]]]> https://www.irstaxapp.com/hardship-exemption-health-penalty/feed/ 0 Annual & Life Time Gift Tax Exemption Simplified ! https://www.irstaxapp.com/annual-life-time-gift-tax-exemption-simplified/ https://www.irstaxapp.com/annual-life-time-gift-tax-exemption-simplified/#respond Fri, 21 Dec 2018 13:49:31 +0000 https://www.irstaxapp.com/?p=1592 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]]> https://www.irstaxapp.com/annual-life-time-gift-tax-exemption-simplified/feed/ 0 New Online Tax Exempt Organization Search https://www.irstaxapp.com/new-online-tax-exempt-organization-search/ https://www.irstaxapp.com/new-online-tax-exempt-organization-search/#respond Tue, 08 May 2018 08:05:44 +0000 https://www.irstaxapp.com/?p=1397 irs tax exempt searchIRS 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]]> https://www.irstaxapp.com/new-online-tax-exempt-organization-search/feed/ 0 What are 501 c 3 non profit organization? https://www.irstaxapp.com/what-are-501-c-3-non-profit-organization/ https://www.irstaxapp.com/what-are-501-c-3-non-profit-organization/#respond Fri, 27 Oct 2017 03:18:25 +0000 http://www.irstaxapp.com/?p=667 https://www.irstaxapp.com/what-are-501-c-3-non-profit-organization/feed/ 0 What does tax exempt mean under US Code 26 ? https://www.irstaxapp.com/what-does-tax-exempt-mean-under-us-code-26/ https://www.irstaxapp.com/what-does-tax-exempt-mean-under-us-code-26/#comments Tue, 17 Oct 2017 12:31:43 +0000 http://www.irstaxapp.com/?p=564 https://www.irstaxapp.com/what-does-tax-exempt-mean-under-us-code-26/feed/ 1 How is the Year 2017 Exemption Phaseout Computed ? https://www.irstaxapp.com/year-2017-phaseout-exemption-amount-chart/ https://www.irstaxapp.com/year-2017-phaseout-exemption-amount-chart/#respond Sun, 15 Oct 2017 15:53:57 +0000 http://www.irstaxapp.com/?p=555 https://www.irstaxapp.com/year-2017-phaseout-exemption-amount-chart/feed/ 0 How Personal Tax Exemption , Tax Deductions & Tax Credit Are Different From Each Other ? https://www.irstaxapp.com/tax-exemptions-tax-deductions-tax-credit-different/ https://www.irstaxapp.com/tax-exemptions-tax-deductions-tax-credit-different/#comments Sat, 14 Oct 2017 05:08:12 +0000 http://www.irstaxapp.com/?p=173 https://www.irstaxapp.com/tax-exemptions-tax-deductions-tax-credit-different/feed/ 1