I am an attorney and I volunteer time to answer general questions about U.S. Federal income tax issues of nonprofit 501(c)(3) public charities only. Those questions could be about establishing and maintaining legal requirements for such non-profit organizations in the United States, including Internal Revenue service filings and requirements. I will not be working on this free forum to answer questions about Nonprofit's possible unrelated or for-profit businesses or how to fill out forms. This forum is only for general questions about federal tax law, not as the law applies to your specific situation. If you do not make your question public then I will not be spending much of my donated time on answers that would not benefit the public. If you have other questions, please contact me at Harvey108@hotmail.com I will reply from my email. In any case, do not reveal confidential information to me until after I have contracted with you to provide personal legal services. My responses on this forum are intended to be general statements of law, should not be relied upon as legal advice, and do not create an attorney/client relationship. For me to consider your individual situation and how the law applies, I would need to gather extensive information about the situation. To search my previous answers you can do a Google search by "site:allexperts.com/q/nonprofit" without the quotes and then add your search terms before hitting enter.
I have been practicing law and especially the law of nonprofit organizations since 1990 when I was admitted to the New York Bar and I have maintained my status with the Bar since that time.
B.S. Columbia University in New York City, 1970
J.D. (Law Degree) Brooklyn Law School, 1990 -- Cum Laude.
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I have in my profile that this free forum is only for general questions about IRS federal exemption issues of 501(c)(3) organizations. The IRS does not have any tax for the purchase of real estate. The
If the booster organization is legally required to pass through 100% each of the payments then they may decide to follow a certain accounting system that does not call those payment income, but use them
Ok. I will respond to your email. Harvey Mechanic Attorney at Law Harvey108@hotmail.com P.S. This response is intended to be a general statement of law, should not be relied upon as legal advice
First we would need to ascertain if the activities and operation of that band/group are of the type that would be allowable for 501(c)(3) organizations. If they are not, then you would be liable for taxes
"fiscal sponsorship" is a vague term and I recommend against using it. As a matter of fact Gregory L. Colvin, the author of a book "Fiscal Sponsorship : 6 Ways To Do It Right" explained that there