Non-profit donations

A charity is presumptively tax-exempt for all but substantial donors as long as it submits its IRS Form 1023 in a timely fashion. So your...

Can our 501 c-3 fund our 501 c-6 ?

An IRC Section 501(c)(6) is a chamber of commerce or business league. That is viewed as serving the private interests of its members. Therefore,...

Can I use cash in my bank account to supplement income for sponsoring my parents to the United States?

You need to contact a competent immigration lawyer like Ron Tasoff at 844-899-7584.

Is This Corporate Sabotage, Espionage or Something Else?

California law is strongly prejudiced against a covenant not to compete. So I doubt that it would be viewed as "corporate sabotage, espionage or...

Rental property writeoffs

You should use a competent CPA or tax return preparer. It sounds like you have an accumulated loss that will offset the rental income in future...

3520 reporting filling requirement

Form 3520 is entitled "Annual Return." So it only applies - Read the instructions to the form at http://www.irs.gov/pub/irs-pdf/i3520.pdf. - if...

My tax question pertains to my inheriting a house. Would my basis be the date the decedent passes away, or when I receive title?

It will be long term capital gain. Your basis is the fair market value on the date of your mother's death. It does not matter when you actually...

Do I file as a U.S resident on my tax return if I have DACA?

One of the requirements for DACA is "3. Have continuously resided in the United States since June 15, 2007, up to the present time;" Therefore,...

Can I buy a house in a new non profit name instead of my own name and financials

If the purpose of the house is to provide a facility for the non-profit, then it may make sense for the non-profit to own the house. If the...

California Non Profit status by FTB noted a suspended-can the non profit conduct activities?

First, of course, you should have a lawyer help you resolve the suspended status immediately. Second, I would not accept dues or hold events until...

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