Tax Planning: U.S.

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

2013-05-23 Tax Law (Questions About Taxes) - Church Daycares:

Your tax question is too broad for me to give a specific answer.  But generally if the daycare is operated by the church.  It would have the same exclusions as the church.  However, if the daycare is ran

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 Tax Law (Questions About Taxes) - Loss on Sale of Vacation Rental Property:

Penny,    Thanks for your question.    Your tax accountant is correct.  This is a link to IRS Publication 17 dealing with that topic.      http://www.irs.gov/publications/p17/ch14.html#en_US_2012_publink1000172296

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