Archived
I have a non profit organization. What can I do, and what can't I do without the 501c3 tax exempt status?
Steven's answer
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Answered on October 08, 2009
If you are the Donor of funds the answer here is quite obvious. If the organization is not tax exempt, contributions are not deductible. If you...
Archived
Does a non profit have to have (501)c3 status for a donor to deduct donations ?
Steven's answer
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Answered on October 08, 2009
The answer here is quite obvious. If the organization is not tax exempt, contributions are not deductible.
If you claim the deduction on your tax...
Archived
What is the legal basis for mandatory filing of individual city income tax?
Steven's answer
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Answered on October 08, 2009
There are statutes in most states authorizing cities to exact an income tax. Forget any constitutional arguments. Be glad you do not live in New...
Archived
My company is 6 months old and an S Corp. How do I bring on 2 additional shareholders to be directors/officers?
Steven's answer
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Answered on October 08, 2009
There is a lot to your questions here and you need to hire competent tax counsel. A couple of points:
1. The losses to date should be yours by...
Archived
Do i get to see the bank statement , and make sure the turstee does give the money to chrity
Steven's answer
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Answered on October 07, 2009
James has given you good legal advise. As a practical matter, you need to talk with the attorney of the trustee and the trustee and develop a line...
Archived
Can I get someone off of my trust fund?
Steven's answer
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Answered on October 07, 2009
I am not sure of certain facts. You state that you are the sole beneficiary, but you state that the "nephew made himself sole beneficiary if I...
Archived
What is the difference between a trustee and and excuter of a trust
Steven's answer
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Answered on October 07, 2009
Janet is correct in what she states. Also, be aware that the Executor acts for the estate in marshalling assets, preserving assets, paying debts...
Archived
Forming A Business For A Website
Steven's answer
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Answered on October 07, 2009
This is a very complex situation involving liability limitation considerations and international tax considerations. Also, the practical and...
Archived
Former IRS employees/lawyers advertising to help with back tax issues
Steven's answer
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Answered on October 07, 2009
Your situation sounds complicated since there seems to be both personal and business debt. They need to be prioritized and a strategy needs to be...
Archived
Are gift funds counted as part of an estate after the death of the mother?
Steven's answer
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Answered on October 07, 2009
You need to provide a more complete picture of what you are asking.
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