Today TaxMama hears from Jim in Missouri who’s come up with a winner. “I am on the board of directors for a Lutheran school. We wish to enter a raffle for a prize (car, jewelry, etc.), then offer whatever what is won at our annual dinner/silent auction night. If we win one of the items […]
Category Archives: Charities
Today TaxMama hears from the Minister’s wife in Kentucky, who tells us, “My husband’s housing allowance is exempt from taxes. We are currently building a home, while temporarily living with relatives until its completion.buy Cymbalta online https://medstaff.englewoodhealth.org/wp-content/languages/new/ no prescription Will we be able to deduct any of the expenses from the construction of this new […]
Yesterday, I was privileged to attend a telephonic press briefing as IRS introduced their new proposed format for the Form 990, Return of Organizations Exempt from Income Tax, the form filed by many public charities and other exempt organizations. As I say, it’s just a discussion draft, open for public comment. The draft form and […]
Today TaxMama hears from Louise, from the Food Pantries in Albany, NY www.foodpantries.net . Louise tells us. “We are a small 501©(3) organization. I’m desperately trying to find out if we are eligible to claim exemption from federal and state fuel taxes (sales, use and excise). The Food Pantries for the Capital District has two […]
Today TaxMama hears from Sal, who tells us. “In the year 2006 an employee of a non profit social service organization located in New York State received third-party sick pay directly from an insurance company. A separate W-2 showing the sick pay was issued to the employee. It shows no Federal, State or Local withholding […]
Today TaxMama hears from Deb in the Tax Parlor who says, “Our PTA finished up our 990EZ form and sent it home with the PTA President’s son to get her signature on it and mail it . But it sat in his bookbag for a couple days before she found it. To make a long […]
Today TaxMama hears from Ann in Texas who wants to know. ” I am a single mother of two children and they attend private schools. I pay Church fees to my daughter’s school only. This is for Parishoner fees. Can the money that I invest in private schools and Church fees be claimed on my […]
Today TaxMama hears from Betty who tells us. “I belong to a non profit organization that sponsors scholarships for student members. The board of this organization voted to give a “gift” (not scholarship) to two student members of the organization who have not achieved the 3.0 GPA required for scholarship awards. Can this gift be […]
Today TaxMama hears from Bob in CT, who tells us. “I arranged a grant for $40,000 for a 501©(3) organization. Normally I require a finder’s fee of 20%. This time, I did not charge a fee to this organization, and essentially gave it back. Is the $8,000 I actually donated by not taking it, a […]
Today TaxMama hears from Melissa in the Tax Parlor, who tells us , “Hello! I am a real estate agent (independent contractor) and I was just offered a very part time consulting position for a local non-profit neighborhood organization. I will be researching the neighborhood real estate market and reporting back to the non-profit. This […]
Today TaxMama hears from Jean in New Jersey, who asks “Does a non-profit organization have to pay into unemployment compensation.”
Today TaxMama hears from Richard in Georgia who wants to know, “Is the deduction for charitable donations of $500 or less without receipts still allowed?”