Does a K 1 cause a non profit organization loose their 501.3 C. status
Very confused by the question here, however, backdating should NEVER be undertaken. It is certainly legal for an exempt org to receive a K-1 and it...
Huntington Beach, CA
Tax Lawyer at Huntington Beach, CA
Practice Areas: Tax
Very confused by the question here, however, backdating should NEVER be undertaken. It is certainly legal for an exempt org to receive a K-1 and it...
My whole practice is exclusively dedicated to working with only exempt organizations.
Earmarked contributions are generally not tax deductible to the donor. This would be allowable, however, no deduction would be permitted.
You need to be more specific in your inquiry, not sure what is meant by "legal". I can help obtain tax-exemption if that is what you are looking for.
I am located in CA, but I am an expert regarding exempt organizations, including social clubs (501(c)(7)). My entire practice is exclusively...
Depends upon whether the shelter is separately incorporated and has obtained their own separate tax-exemption. Also depends upon the terms of their...
Generally, no, unless the organization is considered to be an instrumentality of the government.
Yes, however, and this is a very big “however”, you cannot represent in any manner that the donors would be entitled to a charitable contribution...
From a federal perspective. LLCs generally cannot be recognized as tax-exempt unless they are considered to be a disregarded entity. From a state...
Please be more elaborative re the background facts here.