What are the penalties for misclassification?

Question:  We have an employee claiming they shouldn't be classified as exempt from overtime.  It if turns out they're right, what are the penalties for misclassification? Answer:  The cost of misclassification can be steep and will depend on several factors, such as...

Information for organizations applying for tax-exempt status

Organizations applying for tax-exempt status must be organized and operated exclusively for any of these purposes: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or...

Skip to content