Tax Planning: U.S.

Recent Answers

2013-05-20 Nonprofit Law - Non Profit Swim club:

Do the parents (members) have the right to vote for the members of the Board of Directors? If yes, inform me whether the organization is a Florida Not-for-Profit Corporation.  After you give me that information

2013-05-20 Nonprofit Law - Taxable Income for Not-for-Profit:

If your organization actually is going to qualify as a 501(c)(3) organization with the IRS it would need to be charitable or educational.  I could analyze that for you. I would be willing to work on your

2013-05-20 Nonprofit Law - Taxable Income for Not-for-Profit:

I would need to know the subsection of IRC 501(c) under which the organization was incorporated. You can find that in the articles of incorporation.  If it is a 501(c)(3) organization, I would need to

2013-05-19 Tax Law (Questions About Taxes) - large deposits from abroad:

Dear Alla,    Foreign bank transfer will be reported by the bank and you have to be able to explain the source of funds - if IRS asked.    Return of the loan is a plausible explanation - however, the loan

2013-05-19 Tax Law (Questions About Taxes) - Hunt Club Tax Exemption:

Do you ask about exemption for a club for the IRS income tax regulations? which it would seem as though you are not making income (charging fees or other costs or services for running the club - so there