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Tax Planning: U.S.

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2015-01-24 Nonprofit Law - Charity Deduction:

Internal Revenue Code section 501(c)(3) which is available at http://goo.gl/7lFll (on page 2, first column) provides, in part, that the 501(c)(3) organization must be "operated exclusively for religious

2015-01-23 Tax Law (Questions About Taxes) - ESOP for Medical and Social Security:

Jerome,    Thanks for your question.    Yes, assuming it is reported to you on a 1099 or W-2. This worksheet lists the one items to include in the calculation.  http://apps.irs.gov/app/vita/content/globalmedia/social_security_benefits_worksh

2015-01-23 Nonprofit Law - coaches travel reimbursement:

The IRS rule for what nonprofits may spend money on is similar to the standard that the IRS uses when determining what is a valid business expense for an ordinary business. For example, at http://www.irs

2015-01-23 Nonprofit Law - Accumulation of Savings:

The organization would definitely not want to use the word "insurance" as that word is highly regulated in each state.  What you propose is an investment, where people invest $10 per year for their family

2015-01-23 Nonprofit Law - Accumulation of Savings:

It appears from what you wrote that the members would be paying the full cost of the life insurance. If they are, then the organization is not giving any benefits to members.  They would not be receiving

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