Tagged Questions

2
votes
4answers
42 views

Personal Benefit Transactions in a Non-Profit

I have a small non-profit client that has been in existence for several years. This is my first year (tax year 2009) with their account. They do have public charity status but it s …
2
votes
1answer
21 views

What is the best way to set up a Non Profit

My friend is setting up a Non Profit Organization to support the troops. She resides in GA and wants to get this organization established and has a couple of managing members, how …
1
vote
1answer
53 views

Can a 501(c)(3) non-profit organization engage in activities that will directly benefit one of the directors for-profit company?

Specifically can a 501(c)(3) collect monies from their members and contributors to use to engage in FDA activities related to the approval of a drug when such approval will generat …
1
vote
1answer
25 views

What types of benefits may a property owner receive by donating their property to a non-profit?

Furthermore, are such benefits (particularly the tax benefits) increased if the non-profit receives the property via a trust? What type of trust should be established? Clarificat …
1
vote
1answer
27 views

How long is it taking fro the IRS to process a Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code?

Assuming Form 1023 if filled out properly and all supporting documents are in good order, then how long should the process take these days?
2
votes
1answer
212 views

Form 990, Part VII, Compensation of Officers

My question is two fold. First, I have officers of a NPO that are paid utilizing a leasing service offered by a payroll provider. The W-2's are issued in the name of the payroll …
1
vote
1answer
228 views

LLC owned by non-profit?

I have a non-profit 501(c)(3) corporation that formed a (single member) LLC. Since the single member LLC is treated as a diregarded entity I do not see any problems with the new e …
0
votes
2answers
26 views

I have a new company I am trying to turn into a 501(c)3 non-profit

I have a new company I am trying to turn into a 501(c)3 non-profit. What's the easiest way to go about this?
2
votes
3answers
33 views

lobbying for non-profit

what is the tax consequence of doing lobbying for the non-profit organizations?