Tax Planning: U.S.

Recent Answers

2009-11-21 Nonprofit Law - organzation:

It would only be in the articles of incorporation or bylaws as to the rights of members. That is what most states require. I have in my profile that this free forum is only for relevant IRS federal exemption

2009-11-21 Nonprofit Law - What kind of Fund for Building:

You could have the group, an unincorporated association, set up some articles of association and have officers and then get a Tax-id (EIN) to open a bank account. Donations will not be deductible as the

2009-11-20 Tax Law (Questions About Taxes) - gift taxes:

Bob, Thanks for your question. Just give it and file a gift tax return. Unless it has previously been used up you have a lifetime exemption of $1,000,000 for gifts. Since it exceeds the annual

2009-11-20 Tax Law (Questions About Taxes) - rollover ira:

i can not speak to the requirement for you to drain your retirement funds. check with social security? with respect to the qualified plan withdrawls, IRC 72(t) provides an expemption from the 10%

2009-11-20 Tax Law (Questions About Taxes) - Dependent question:

Hi, If you didn't earn enough money to file a tax return you would get no benefit from claiming any or all of them. To get the child tax credit you have to have a tax liability. If your son would