Real Estate

Recent Answers

2013-05-24 Nonprofit Law - non for profit:

If you are referring to two 501(c)(3) organizations (that are not public charities) then there would be no federal taxes as long as the real property has not been debt financed. See  IRS Publication 598

2013-05-24 Buying or Selling a Home - Buying vs. Renting:

It doesn't appear you would be acceptable to a lender, Elmo. First of all, you would need a 20% down payment. So that means you would need somewhere around $40,000 to cover your closing costs, too. If

2013-05-22 Nonprofit Law - Taxable Income for Not-for-Profit:

Ok, you would now need to either give me the name of the organization or you would need to go to the IRS website at   http://apps.irs.gov/app/eos/mainSearch.do?mainSearchChoice=pub78&dispatchMethod=

2013-05-22 Nonprofit Law - Kickstarter for 501c3 Fundraising:

I see on Kickstarter's website "We’re a for-profit company based in New York City’s Lower East Side. We spend our time making Kickstarter a little bit better every day, answering questions from backers

2013-05-21 Nonprofit Law - Private Benefit?:

The benefits are to charitable beneficiaries (the youth in sport) and, as long as the team is not only a few persons, then it would not result in the IRS analyzing the fundraising as it does when a 501c3