Tax Planning: U.S.

Recent Answers

2009-11-08 Nonprofit Law - gift giving to members of church:

I am assuming that the church gives receipts to donors that they may deduct donations. Then the answer is no, unless the gifts are religious items such as religious books. Otherwise, tax deductible donations

2009-11-08 Tax Law (Questions About Taxes) - Tax ID for deceased and Trust transfers:

Patti, Thanks for your question. You need to get a taxpayer ID number for the estate and for the trusts. Transferring the homes into the names of the beneficiaries is a legal matter. As a CPA

2009-11-08 Nonprofit Law - fraudulant use of 501(c)3:

I have in my profile that this free forum is only for relevant IRS federal exemption issues of 501(c)(3) organizations. Your issues are controlled by state law and states may differ somewhat with how they

2009-11-08 Nonprofit Law - Individual accounts from fund raising:

The IRS may have a problem with a 501(c)(3) organization allowing individuals to collect funds to go for their own, private benefit. See www.irs.gov/pub/irs-wd/02-0041.pdf on the top of page 2 about

2009-11-08 Tax Law (Questions About Taxes) - Filing requirement:

Since there is no income and no expense and you have not filed a previous return, this is likely below their radar. Since there is no tax involved, you can either file a zero return, or skip filing the