Can my business accept donations and not be taxed on them?
You must be a tax-exempt organization to avoid tax on monies received by your business. So, you must either be a private foundation or a...
Seattle, WA
Tax Lawyer at Seattle, WA
Practice Areas: Tax, Estate Planning, Corporate & Incorporation
You must be a tax-exempt organization to avoid tax on monies received by your business. So, you must either be a private foundation or a...
You can do it with just one person. You will be required to file another tax return whereas if you went with a wholly owned LLC you could simply...
Not sure. It depends on what type of false information you are referring to. In order to answer your question more detailed facts are needed.
Unfortunately, that is exactly the kind of power a POA generally gives someone. It allows them to act on behalf of the person needing the POA as...
You'll want to be very cautious of exploitation on many levels. In order to protect yourself you really should have a good contract in place that...
Did you mean to say that the 51% owner is a C corporation? If it is an S-corporation as you stated then I don't see how this violates your...
Your AGI (Adjusted Gross Income).
Actually, you need to discuss the matter with an employment law attorney.
You must first meet the threshold test for the deduction to be able to deduct medical expenses at all. That is, only medical expenses that exceed...
Not that I am aware of. You are simply exempt from federal income taxes. As far as local types of taxes go, like property tax for example, you may...