September 27, 2007

Online EIN Application

The IRS announced that taxpayers can request an Employer Identification Number (EIN) (necessary, for example, for a corporation, a trust, or other nonprofit organization) through a Web-based system that instantly processes requests and generates identification numbers in real time. IR-2007-161

September 20, 2007

Notice on Car Donations

The IRS has issued Notice 2007-70 which changes where charitable organization that receive gifts of qualified vehicles such as autos, airplanes, and boats with claimed values exceeding $500 are to file a completed Forms 1098-C and 1096 for years ending on or after December 31, 2008. See Instructions.