Can an employer write off a late wage penalty that he paid his employee, as taxable income?
Yes. The penalty payment to you was income, and needed to be reported to you (and the IRS) using the 1099.
San Diego, CA
Tax Lawyer at San Diego, CA
Practice Areas: Tax, Business ... +3 more
Yes. The penalty payment to you was income, and needed to be reported to you (and the IRS) using the 1099.
I agree. Start with the governing documents, and the HOA's attorney should be attending/ensuring compliance.
Yes. You need to register to solicit charitable funds. At the end of the day, the employees are residents of the state, just like any member of the...
It's a little unclear precisely what you wish to do, but the likely answer either way is no. There is a personal inurement problem, as public...
It is unclear what you mean by "single member" private foundation. The verbiage makes it sound like you are thinking "Limited Liability Company" or...
The team should likely be set up independently of YAFL (which I am assuming is a membership organization comprised of various youth teams). How do...
Why don't you ask the attorney you are hoping to receive "donations" from? Just note that under current treasury regulations, if the attorney...
Once property is donated to a tax exempt charity (or church), that property is irrevocably dedicated to that exempt purpose. In your scenario,...
My recommendation would be to find a fiscal sponsor to assist you. This might assist:...
I believe you are asking whether or not a non US citizen can serve as an officer (in this case President) of an exempt organization under...