CURRENT EVENTS----updated July 21, 2010 Office Hours April 16, 2010 until January 15, 2011: Our office hours are 8:00AM until 5:00PM, Monday through Friday. We do not close for lunch. You can contact us by e-mail at anytime. See the Firm Contact Info page for staff members and their contact information. Not for Profit Organizations need to Preserve Tax-Exempt Status:  Most tax-exempt organizations, other than churches, must file an annual Form 990 series return with the IRS. It is important to file a timely return because an organization that does not file a required Form 990, 990-EZ, 990-PF or 990-N (e-postcard) for three consecutive years will automatically lose its Federal tax-exempt status. Non-filers will be subject to automatic revocation for the first time beginning in 2010. See IR-2010-10 for more information.  2010 Roth IRA Conversion Opportunities:  The Tax Increase Prevention and Reconciliation Act of 2005 changed tax legislation enabling new opportunities for Roth IRA conversions to take place in 2010 and future years. There are advertisements promoting these conversions in broad generalizations and hoping to capture your IRA conversion business. There are advantages and disadvantages of making the move from your IRA or 401(k) into Roth IRAs. Before you take action, consult a member of our staff to determine if a Roth IRA Conversion is right for you. There is more information  about this topic on the ARTICLES page of our web site.                DUE DATES for 2009 Calendar Year Returns Corporation tax returns are due on March 15, 2010, and may be extended until September 15, 2010. Individual tax returns are due April 15, 2010, and may be extended until October 15, 2010. Partnership and Fiduciary tax returns are due April 15, 2010, and may be extended until September 15, 2010. Nonprofit & Tax-Exempt Organization tax returns are due May 17, 2010, and may be extended until August 16, 2010. Retirement Plan tax returns are due July 31, 2010, and may be extended until October 15, 2010.             Job Opportunities with Gay & Joseph, CPA, P. C. We have a job opportunity for an experienced CPA with a specialty in Tax. See our Job Opportunities page at this website, or contact Sidney@gjcpa.com.