How can I compare my current tax exempt salary and benefits to job offers back in the States?
Q. I am trying to find out a way to compare my current NET income to what I could potentially NET back home. All of the salary comparison websites do not accurately calculate my tax exemption status and cost of living (lower) here in Germany. My guess is that I'll need to almost double my salary as I'm not paying most taxes here in Germany. Here's some more info about my situation. 1. Income tax exemption - I don't pay US or German income taxes. I'm exempt from both. I'm not paying US state income taxes either. This probably saves me at least 30% every year. 2. Sales taxes - I only pay sales taxes when I eat at a restaurant or shop for groceries on the economy (a german grocery store). I mostly shop at the commissary on base...and they… [cont.]
Asked by jpollar - Sat Jun 16 19:48:41 2007 - - 2 Answers - 0 Comments
A. I am assuming that since your income is exempt, you ARE NOT an employee of the US Government, and are therefore entitled to the Foreign Earned Income Exemption (FEIE) of up to $82,400 (as of 2006). I am also assuming that you are not receiving any housing allowance and that you are not subject to SS and Medicare Tax. Finally, I am assuming that your income would equal your adjusted gross income (i.e., no adjustments to income and no tax credits). Under this set of assumptions, if you are earning $82,400 of exempt income, an equivalent taxable income would be roughly $114,000. Note that this amount does not take into consideration state income taxes as you did not indicate in what state you would be residing. Also excluded is the… [cont.]
Answered by MoneyMaker - Sun Jun 17 07:27:46 2007
Q. I am trying to find out a way to compare my current NET income to what I could potentially NET back home. All of the salary comparison websites do not accurately calculate my tax exemption status and cost of living (lower) here in Germany. My guess is that I'll need to almost double my salary as I'm not paying most taxes here in Germany. Here's some more info about my situation. 1. Income tax exemption - I don't pay US or German income taxes. I'm exempt from both. I'm not paying US state income taxes either. This probably saves me at least 30% every year. 2. Sales taxes - I only pay sales taxes when I eat at a restaurant or shop for groceries on the economy (a german grocery store). I mostly shop at the commissary on base...and they… [cont.]
Asked by jpollar - Sat Jun 16 19:48:41 2007 - - 2 Answers - 0 Comments
A. I am assuming that since your income is exempt, you ARE NOT an employee of the US Government, and are therefore entitled to the Foreign Earned Income Exemption (FEIE) of up to $82,400 (as of 2006). I am also assuming that you are not receiving any housing allowance and that you are not subject to SS and Medicare Tax. Finally, I am assuming that your income would equal your adjusted gross income (i.e., no adjustments to income and no tax credits). Under this set of assumptions, if you are earning $82,400 of exempt income, an equivalent taxable income would be roughly $114,000. Note that this amount does not take into consideration state income taxes as you did not indicate in what state you would be residing. Also excluded is the… [cont.]
Answered by MoneyMaker - Sun Jun 17 07:27:46 2007
When doing work for Tax Exempt church, should I still include sales tax for materials I buy to do the work?
Q. I'm a small contractor in Texas. I'm bidding on a project for a Church that is Tax Exempt. I won't charge the tax to perform the project, but what about the materials I buy? Will the tax exempt form clear me from having to pay for taxes on them, and how what type of paper work in involved when doing the books? Thanks.
Asked by halenstone2 - Mon May 12 09:51:00 2008 - - 2 Answers - 0 Comments
A. If you bought the materials and paid tax, yes you charge them for the tax. If they bought the material it was likely tax exempt and they didn't pay the tax. So yes, charge them what is fair.
Answered by Its Me - Mon May 12 09:54:40 2008
Q. I'm a small contractor in Texas. I'm bidding on a project for a Church that is Tax Exempt. I won't charge the tax to perform the project, but what about the materials I buy? Will the tax exempt form clear me from having to pay for taxes on them, and how what type of paper work in involved when doing the books? Thanks.
Asked by halenstone2 - Mon May 12 09:51:00 2008 - - 2 Answers - 0 Comments
A. If you bought the materials and paid tax, yes you charge them for the tax. If they bought the material it was likely tax exempt and they didn't pay the tax. So yes, charge them what is fair.
Answered by Its Me - Mon May 12 09:54:40 2008
Does every nonprofit have to be tax exempt?
Q. I am the co-founder of a local nonprofit. Although we are registered with the state, have a tax ID number and have filed (approved) articles of incorporation we are not tax exempt. This organization is a temporary one... plan on serving an immediate need and then we will close w/in a year. Do we still have to file papers for tax exemption?
Asked by question33 - Wed Oct 3 17:20:33 2007 - - 4 Answers - 0 Comments
A. No, there are many non-profits that aren't tax-exempt. Not all non-profits even meet the rules to be approved as tax-exempt.
Answered by Judy - Wed Oct 3 17:56:39 2007
Q. I am the co-founder of a local nonprofit. Although we are registered with the state, have a tax ID number and have filed (approved) articles of incorporation we are not tax exempt. This organization is a temporary one... plan on serving an immediate need and then we will close w/in a year. Do we still have to file papers for tax exemption?
Asked by question33 - Wed Oct 3 17:20:33 2007 - - 4 Answers - 0 Comments
A. No, there are many non-profits that aren't tax-exempt. Not all non-profits even meet the rules to be approved as tax-exempt.
Answered by Judy - Wed Oct 3 17:56:39 2007
How do I know if I can file as tax exempt?
Q. I've been told that I can, but I'm not sure, and I don't want to end up owing the government money. I'm 21, a full time student (though I'm taking next semester off), and making a little under 12,500$ a year before taxes. (if I were to continue the hours I'm doing now). How do I find out if I'm tax exempt or not?
Asked by paintmeblue719 - Mon Jul 2 15:15:27 2007 - - 3 Answers - 0 Comments
A. Judy is giving you good advice.
Answered by Steve - Mon Jul 2 18:45:14 2007
Q. I've been told that I can, but I'm not sure, and I don't want to end up owing the government money. I'm 21, a full time student (though I'm taking next semester off), and making a little under 12,500$ a year before taxes. (if I were to continue the hours I'm doing now). How do I find out if I'm tax exempt or not?
Asked by paintmeblue719 - Mon Jul 2 15:15:27 2007 - - 3 Answers - 0 Comments
A. Judy is giving you good advice.
Answered by Steve - Mon Jul 2 18:45:14 2007
How do I start a ministry (not a church) without tax-exempt designation?
Q. I would rather go ahead and pay the taxes than to have my rights such as freedom of speech controlled by the government. So, what is required if I wish to launch an officially recognized ministry, but do not want the tax-exempt status? Is a corporation formation all I need?
Asked by ecat1999 - Sun Feb 15 22:25:37 2009 - - 2 Answers - 0 Comments
A. Form a profit corporation. It gives you total freedom. You can criticize any corrupt politician or organization with no problem, something you cannot do if you are a 501 c 3 non profit.
Answered by onelm0 - Sun Feb 15 22:32:50 2009
Q. I would rather go ahead and pay the taxes than to have my rights such as freedom of speech controlled by the government. So, what is required if I wish to launch an officially recognized ministry, but do not want the tax-exempt status? Is a corporation formation all I need?
Asked by ecat1999 - Sun Feb 15 22:25:37 2009 - - 2 Answers - 0 Comments
A. Form a profit corporation. It gives you total freedom. You can criticize any corrupt politician or organization with no problem, something you cannot do if you are a 501 c 3 non profit.
Answered by onelm0 - Sun Feb 15 22:32:50 2009
How does my organization in Haiti get tax-exempt status?
Q. I have been doing missions work in Haiti during the summers for the past 4 years, and my wife and I are planning on moving there soon to become full-time missionaries. I am friends with a Haitian Pastor in Croix-des-Bouquets, Haiti, and he wants us to join him in his ministry. However, we would like to be able to have tax-exempt status so that when people give to our ministry, they can do it tax free. Our question is, how do we go about doing that? God bless
Asked by 92rolla - Thu May 27 16:11:52 2010 - - 4 Answers - 0 Comments
Q. I have been doing missions work in Haiti during the summers for the past 4 years, and my wife and I are planning on moving there soon to become full-time missionaries. I am friends with a Haitian Pastor in Croix-des-Bouquets, Haiti, and he wants us to join him in his ministry. However, we would like to be able to have tax-exempt status so that when people give to our ministry, they can do it tax free. Our question is, how do we go about doing that? God bless
Asked by 92rolla - Thu May 27 16:11:52 2010 - - 4 Answers - 0 Comments
Where do I get a form to prove tax exempt?
Q. I just got a vendor's license a few months ago and I'm ready to use it but I need a form that I can show stores to prove I am sales tax exempt. I just need to write my number on it and sign it I think.. Where do I get one? I am in Ohio.
Asked by Court - Wed Jan 16 11:02:12 2008 - - 1 Answers - 0 Comments
A. Go to the Ohio Dept. of Taxation website. There should be a fillable pdf that you can print out. Remember, you are only exempt on things that you intend to resell (inventory). You are not exempt on the things that you use (supplies). Many small resellers seem to think that they are now exempt on everything that they buy which is not true.
Answered by Wayne Z - Wed Jan 16 11:10:13 2008
Q. I just got a vendor's license a few months ago and I'm ready to use it but I need a form that I can show stores to prove I am sales tax exempt. I just need to write my number on it and sign it I think.. Where do I get one? I am in Ohio.
Asked by Court - Wed Jan 16 11:02:12 2008 - - 1 Answers - 0 Comments
A. Go to the Ohio Dept. of Taxation website. There should be a fillable pdf that you can print out. Remember, you are only exempt on things that you intend to resell (inventory). You are not exempt on the things that you use (supplies). Many small resellers seem to think that they are now exempt on everything that they buy which is not true.
Answered by Wayne Z - Wed Jan 16 11:10:13 2008
Does a 501 c 3 organization must have a tax exempt id for every state?
Q. We are wondering if a 501 c 3 company has to file for a tax exempt id in every state that they conduct business in? Actually what if they have an ID from where they are from for instace FL. But they wan to have event in TX. Do they need to file for a certificate for TX tax exemptions?
Asked by r_rodriquez - Tue Jan 12 16:53:50 2010 - - 2 Answers - 0 Comments
A. No. Their 501(c)3 designation is federal, and comes from the IRS. If you're asking about the exemption from sales tax, they'd get it from the state where they are located.
Answered by Judy - Tue Jan 12 17:11:10 2010
Q. We are wondering if a 501 c 3 company has to file for a tax exempt id in every state that they conduct business in? Actually what if they have an ID from where they are from for instace FL. But they wan to have event in TX. Do they need to file for a certificate for TX tax exemptions?
Asked by r_rodriquez - Tue Jan 12 16:53:50 2010 - - 2 Answers - 0 Comments
A. No. Their 501(c)3 designation is federal, and comes from the IRS. If you're asking about the exemption from sales tax, they'd get it from the state where they are located.
Answered by Judy - Tue Jan 12 17:11:10 2010
How do I know if my new vehicle is "tax exempt?"?
Q. I am planning to trade my car for a friends. The same make/model/year - except he commutes and wants a smaller engine size, as I do not and don't mind the engine size. I don't drive much so the gas prices don't affect me that way. How would I prove to the DMV that is was indeed a no money tendered trade and am I tax exempt since I didn't pay anything? P.S. I would be transferring the plates from my old car to my new one.
Asked by none n - Sat Mar 7 15:23:10 2009 - - 1 Answers - 0 Comments
A. You didn't say what state your in. In this state and many others we have a form generated by the States department of finance. Some States just call It the tax bureau. In any event the form is in NY a DTF803 It has lines that ascribe what where and when. For instance if you "Purchased the vehicle" Even for $1.00 you would put that down. Now, on the reverse side of this form is the "Gift" side. Now it depends on the year of the vehicle as well as the kelly blue book value.If your talking about a relatively new car 2007-08 & 09 your asking for trouble. Most DMV offices will NOT give you a problem but will put or mark your form for "Audit" now, the problems begin. If and I'm sure you are, legitimate, then nothing but the aggravation to worry… [cont.]
Answered by Nap - Sat Mar 7 16:14:37 2009
Q. I am planning to trade my car for a friends. The same make/model/year - except he commutes and wants a smaller engine size, as I do not and don't mind the engine size. I don't drive much so the gas prices don't affect me that way. How would I prove to the DMV that is was indeed a no money tendered trade and am I tax exempt since I didn't pay anything? P.S. I would be transferring the plates from my old car to my new one.
Asked by none n - Sat Mar 7 15:23:10 2009 - - 1 Answers - 0 Comments
A. You didn't say what state your in. In this state and many others we have a form generated by the States department of finance. Some States just call It the tax bureau. In any event the form is in NY a DTF803 It has lines that ascribe what where and when. For instance if you "Purchased the vehicle" Even for $1.00 you would put that down. Now, on the reverse side of this form is the "Gift" side. Now it depends on the year of the vehicle as well as the kelly blue book value.If your talking about a relatively new car 2007-08 & 09 your asking for trouble. Most DMV offices will NOT give you a problem but will put or mark your form for "Audit" now, the problems begin. If and I'm sure you are, legitimate, then nothing but the aggravation to worry… [cont.]
Answered by Nap - Sat Mar 7 16:14:37 2009
Is buying domains to advertise a proper tax exempt church function as for Pastor Melissa Scott?
Q. When is a TV show church sponsoring links and setting up web sites to advertise for money no longer a tax exempt church, such as Los Angeles University Cathedral with no university?
Asked by Bob R - Sun Jan 21 13:34:17 2007 - - 1 Answers - 1 Comments
A. There's no such things as a female pastor anyway, so that right there should tell you that she's a fraud.
Answered by T J - Sun Jan 21 13:36:43 2007
Q. When is a TV show church sponsoring links and setting up web sites to advertise for money no longer a tax exempt church, such as Los Angeles University Cathedral with no university?
Asked by Bob R - Sun Jan 21 13:34:17 2007 - - 1 Answers - 1 Comments
A. There's no such things as a female pastor anyway, so that right there should tell you that she's a fraud.
Answered by T J - Sun Jan 21 13:36:43 2007
How are the LDS able to sponsor prop8 and stay tax-exempt?
Q. As I understand it, a "church" must stick to religion only and not get involved in politics according to IRS rules. And as I understand it the Mormon church sponsored prop 8. How do they not loose their tax-exempt status?
Asked by Nathan - Sat Nov 22 04:55:47 2008 - - 7 Answers - 0 Comments
A. Unfortunately, the LDS church did not donate any money so they won't be losing their tax exempt status anytime soon. They did, however, supported the measure, and encouraged members to go out and give up their time and their means. It's quite sad, while I can see them strengthening each other's values and beliefs in church, I don't see why they have to get political in church and use that rhetoric. I think they should be reminded of the bible's own words where it reads that god's people must keep themselves away from worldly endeavors.
Answered by Psyched Gabby Resurrected - Sat Nov 22 06:42:40 2008
Q. As I understand it, a "church" must stick to religion only and not get involved in politics according to IRS rules. And as I understand it the Mormon church sponsored prop 8. How do they not loose their tax-exempt status?
Asked by Nathan - Sat Nov 22 04:55:47 2008 - - 7 Answers - 0 Comments
A. Unfortunately, the LDS church did not donate any money so they won't be losing their tax exempt status anytime soon. They did, however, supported the measure, and encouraged members to go out and give up their time and their means. It's quite sad, while I can see them strengthening each other's values and beliefs in church, I don't see why they have to get political in church and use that rhetoric. I think they should be reminded of the bible's own words where it reads that god's people must keep themselves away from worldly endeavors.
Answered by Psyched Gabby Resurrected - Sat Nov 22 06:42:40 2008
Should religious organizations and churches have to apply for tax exempt status like charitable organizations?
Q. Churches and religious organizations that are tax-exempt supposedly fulfill all of the requirements as other tax-exempt charitable organizations (in the U.S.) thus making them essentially the same (in theory). The difference is that churches don't have to apply for tax-exempt status like other charitable organizations do. They're simply given it and only get it taken away if it is found that they do not fulfill the requirements to be considered tax-exempt by the IRS. Should this really be the case? Should churches be given that special "right" to be tax-exempt automatically or should they have to apply for tax-exempt status like everyone else? What do you think?
Asked by Think for yourself - Mon Aug 17 13:53:12 2009 - - 9 Answers - 0 Comments
A. They will most likely receive the tax-exemption anyway and going through the motions mean a waste of government money and resources that can be put to better use elsewhere.
Answered by Saecula Saeculorum - Mon Aug 17 14:09:26 2009
Q. Churches and religious organizations that are tax-exempt supposedly fulfill all of the requirements as other tax-exempt charitable organizations (in the U.S.) thus making them essentially the same (in theory). The difference is that churches don't have to apply for tax-exempt status like other charitable organizations do. They're simply given it and only get it taken away if it is found that they do not fulfill the requirements to be considered tax-exempt by the IRS. Should this really be the case? Should churches be given that special "right" to be tax-exempt automatically or should they have to apply for tax-exempt status like everyone else? What do you think?
Asked by Think for yourself - Mon Aug 17 13:53:12 2009 - - 9 Answers - 0 Comments
A. They will most likely receive the tax-exemption anyway and going through the motions mean a waste of government money and resources that can be put to better use elsewhere.
Answered by Saecula Saeculorum - Mon Aug 17 14:09:26 2009
Concerning Ohio income exempt from tax / How do I fine the amount for a simple IRA?
Q. Ohio tax code interest from T-Bills, T-Notes, and U.S. Bonds are taxed exempt. Where can I find the amount of tax exempt for each US treasury Note? My monthly statements only has interest but no breakdown for each note.
Asked by jjjjnorthsr - Thu Dec 21 22:01:29 2006 - - 1 Answers - 0 Comments
A. Your question is very unclear. Is part in an IRA? What do you mean by the amount tax exempt for each note? The note details should be on the statement somewhere - just compute it for each one - take interest rate times face value - they pay every 6 months on the due date.
Answered by spicertax - Fri Dec 22 10:59:01 2006
Q. Ohio tax code interest from T-Bills, T-Notes, and U.S. Bonds are taxed exempt. Where can I find the amount of tax exempt for each US treasury Note? My monthly statements only has interest but no breakdown for each note.
Asked by jjjjnorthsr - Thu Dec 21 22:01:29 2006 - - 1 Answers - 0 Comments
A. Your question is very unclear. Is part in an IRA? What do you mean by the amount tax exempt for each note? The note details should be on the statement somewhere - just compute it for each one - take interest rate times face value - they pay every 6 months on the due date.
Answered by spicertax - Fri Dec 22 10:59:01 2006
Can california prop 8 take away tax exempt status for churches?
Q. Me and my brother have been arguing over this with him saying because churches don't accept gay people, they get their tax exempt status taken away.
Asked by Kumatsutaku Jr. - Fri Oct 17 19:30:13 2008 - - 11 Answers - 1 Comments
A. All it does is define marriage in the state constitution as the union of a man and a woman.
Answered by wartz - Fri Oct 17 19:48:13 2008
Q. Me and my brother have been arguing over this with him saying because churches don't accept gay people, they get their tax exempt status taken away.
Asked by Kumatsutaku Jr. - Fri Oct 17 19:30:13 2008 - - 11 Answers - 1 Comments
A. All it does is define marriage in the state constitution as the union of a man and a woman.
Answered by wartz - Fri Oct 17 19:48:13 2008
In the inheritee is foreigner, how many % I must pay for foreign property or is it tax-exempt?
Q. I am asking about an inheritance tax. I inherited her foreign property from an inheritee who is foreigner. In this case, I heard an inheritance tax is tax-exempt, is this correct?
Asked by tomokokawanari - Fri Feb 2 08:58:56 2007 - - 2 Answers - 0 Comments
A. The person who gets the property doesn't pay inheritance tax.
Answered by Nusha - Sat Feb 3 00:08:26 2007
Q. I am asking about an inheritance tax. I inherited her foreign property from an inheritee who is foreigner. In this case, I heard an inheritance tax is tax-exempt, is this correct?
Asked by tomokokawanari - Fri Feb 2 08:58:56 2007 - - 2 Answers - 0 Comments
A. The person who gets the property doesn't pay inheritance tax.
Answered by Nusha - Sat Feb 3 00:08:26 2007
As a contractor, which form do I need to provide when purchasing materials for a tax exempt customer?
Q. I'm an electrical contractor and need to purchase materials for a school district who is tax exempt. My suppliers have asked me to provide them with the proper paperwork. Can someone tell me which forms in Texas I will need to present to avoid paying taxes for my tax exempt customer? does this sound right?
Asked by Jay - Sun Feb 17 23:44:24 2008 - - 1 Answers - 0 Comments
A. You provide your supplier with a copy of YOUR sales tax certificate. Any purchases you make for resale are exempt from sales tax regardless of whom your customer is. You would normally collect sales tax from your customer and render it with your own sales tax return. If your customer is tax exempt, you do not collect sales tax from them. You retain proof that your customer is tax exempt with your own records in case the sale is questioned at a sales tax audit.
Answered by Bostonian In MO - Mon Feb 18 06:11:20 2008
Q. I'm an electrical contractor and need to purchase materials for a school district who is tax exempt. My suppliers have asked me to provide them with the proper paperwork. Can someone tell me which forms in Texas I will need to present to avoid paying taxes for my tax exempt customer? does this sound right?
Asked by Jay - Sun Feb 17 23:44:24 2008 - - 1 Answers - 0 Comments
A. You provide your supplier with a copy of YOUR sales tax certificate. Any purchases you make for resale are exempt from sales tax regardless of whom your customer is. You would normally collect sales tax from your customer and render it with your own sales tax return. If your customer is tax exempt, you do not collect sales tax from them. You retain proof that your customer is tax exempt with your own records in case the sale is questioned at a sales tax audit.
Answered by Bostonian In MO - Mon Feb 18 06:11:20 2008
Are private parochial schools tax exempt?
Q. I know that non-profits are tax exempt - but private parochial schools tax exempt? They are making a profit.
Asked by Sunny - Tue Aug 28 19:33:56 2007 - - 4 Answers - 0 Comments
A. Generally, parochial schools are tax-exempt non-profits.
Answered by Judy - Tue Aug 28 20:46:22 2007
Q. I know that non-profits are tax exempt - but private parochial schools tax exempt? They are making a profit.
Asked by Sunny - Tue Aug 28 19:33:56 2007 - - 4 Answers - 0 Comments
A. Generally, parochial schools are tax-exempt non-profits.
Answered by Judy - Tue Aug 28 20:46:22 2007
Sales Tax exempt items in Pittsburgh,PA besides clothes and shoes?
Q. I am new in Pittsburgh PA, moved from West Coast. I hear certain items are exempt from sales tax. I know about clothes and shoes, but what else is exempt?
Asked by geeez - Thu Jul 17 10:29:09 2008 - - 4 Answers - 0 Comments
A. Food (to be prepared at home), clothing, drugs, textbooks, heating fuel. Other than that, a Pittsburgh (actually, Allegheny County) resident pays 7% sales tax on goods and services.
Answered by ninasgramma - Thu Jul 17 10:40:50 2008
Q. I am new in Pittsburgh PA, moved from West Coast. I hear certain items are exempt from sales tax. I know about clothes and shoes, but what else is exempt?
Asked by geeez - Thu Jul 17 10:29:09 2008 - - 4 Answers - 0 Comments
A. Food (to be prepared at home), clothing, drugs, textbooks, heating fuel. Other than that, a Pittsburgh (actually, Allegheny County) resident pays 7% sales tax on goods and services.
Answered by ninasgramma - Thu Jul 17 10:40:50 2008
I've been receiving NJ tax exempt certificates that have a NY address on them. Are they exempt in NY or NJ?
Q. The tax exempt certificate is official from New Jersey, but the address in which they state their business on the certificate is located in New York. So, are they exempt from New York, New Jersey, or both?
Asked by smartinezexcel - Mon Jun 16 18:09:52 2008 - - 1 Answers - 0 Comments
A. NJ tax-exempt certificates are just that. Exempt from NJ sales tax. What color was Henry VIII's white horse?
Answered by neoplop - Tue Jun 17 06:35:58 2008
Q. The tax exempt certificate is official from New Jersey, but the address in which they state their business on the certificate is located in New York. So, are they exempt from New York, New Jersey, or both?
Asked by smartinezexcel - Mon Jun 16 18:09:52 2008 - - 1 Answers - 0 Comments
A. NJ tax-exempt certificates are just that. Exempt from NJ sales tax. What color was Henry VIII's white horse?
Answered by neoplop - Tue Jun 17 06:35:58 2008
How can a neighborhood association aqcuire non-profit/tax-exempt status?
Q. Our neighborhood association (the social entity, not the governing association) is looking to gain recognition as a non-profit organization in Wisconsin. Do you know what is required? We often try to get donations for door prizes and drawings, but find it's difficult when we don't have a tax-exempt donation letter to provide to the businesses. Any assistance is appreciated!
Asked by Casey - Thu Jun 7 09:28:20 2007 - - 2 Answers - 0 Comments
A. You'd have to get a 501(c)3 designation from the IRS in order to be tax-exempt and for donors to be able to deduct their contributions. From your description of the group, the group would not be eligible for that designation. See for detailed info on applying for tax-exempt status.
Answered by Judy - Thu Jun 7 10:30:02 2007
Q. Our neighborhood association (the social entity, not the governing association) is looking to gain recognition as a non-profit organization in Wisconsin. Do you know what is required? We often try to get donations for door prizes and drawings, but find it's difficult when we don't have a tax-exempt donation letter to provide to the businesses. Any assistance is appreciated!
Asked by Casey - Thu Jun 7 09:28:20 2007 - - 2 Answers - 0 Comments
A. You'd have to get a 501(c)3 designation from the IRS in order to be tax-exempt and for donors to be able to deduct their contributions. From your description of the group, the group would not be eligible for that designation. See for detailed info on applying for tax-exempt status.
Answered by Judy - Thu Jun 7 10:30:02 2007
From Yahoo Answer Search: 'tax exempt'
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sfgate.com
Wed, 21 Jul 2010 21:42:46 GMT+00:00
San Francisco Chronicle That also means that tax - exempt non-profits have to pay out Hawaii's excise tax regardless of their status in other states. (Real estate costs in Hawaii are ...
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Stanford often finances capital projects by issuing . tax. -. exempt. bonds in order to avoid drawing large amounts from the University's endowment payouts. Odile Disch-Bhadkamkar, the University treasurer, said the practice is a preferable ...
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