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Recent Tax Exemption questions

This relates to tax law. This is your challenge. At County

This relates to tax law. This is your challenge.At Butler County airport, Ohio hangars are owned by individuals/business/associations and land is on long term lease. Rental (or lease) payments are made, but lease states "...meet all expenses in connection with the use of the premises and rights and privileges herein granted, including but not limited to real estate and personal property taxes....."There are two "property taxes", one for the actual building and other for the Land. No question on the building, but land property tax is usually responsibility of the landlord. In my case, the lease is 17 yrs old.Is it true that a the person who pays the land property tax can take squatters rights to the property after 7 years?To further the question, last yr my brother complains to the County tax department about the land property tax and they agree to remove it. The County then removed it for all leases at the airport. Also, the tax department person pointed out the land where buildings are is in a "property tax exempt" area from the state. So, can we ask for all "land" property tax back from day one of May 1999?

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Richard - Bizlaw

Juris Doctor

9,796 satisfied customers
We have a 501.c.3 non profit in Florida. We are ambitious to

Good Morning.My name is***** have a 501.c.3 non profit in Florida. We are ambitious to make big growth the next few years, and I am trying to do some due diligence. We receive many donations for cars and boats throughout the year. We see other non profits who do this as a fundraising effort, receiving donations and reselling them to fund their organization. Our understanding is that in Florida, entities who sell 3 or more vehicles are required to have a dealers license. This is almost impossible to obtain in Monroe County Florida. The state requirements are that a dealer must have a commercial car lot, and they are all used up in our County. What options do we have as a non profit to be able to legally sell vehicles donated to us in Florida living in a county where we are unable to obtain a dealers license?

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Richard - Bizlaw

Juris Doctor

9,796 satisfied customers
Writing bylaws for a NPO in Maryland. We currently have 5

writing bylaws for a NPO in Maryland. We currently have 5 directors, 3 that actually manage the group. can we have a pres, vp1 and vp2. vp1 also serves a treasurer, vp2 also serves a secretary OR can the Pres also serve as sec or treasurerJA: Because laws vary from state to state, can you tell me where the company is registered?Customer: marylandJA: Has anything been officially filed? If so, what?Customer: we recently obtain IRS determination letter.JA: Anything else you want the lawyer to know before I connect you?Customer: very small charitable performing arts org. had to "reorganize' upon death of founder. want all ducks in a row to solicit/accept donations

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Damien Bosco

Attorney

Doctoral Degree

3,066 satisfied customers
I'm currently incorporating my local House of Prayer here in

I'm currently incorporating my local House of Prayer here in the White Mountains of Arizona... What's the advantage/ difference between a 508(c)(1)(a) and a 501(c)3

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Damien Bosco

Attorney

Doctoral Degree

3,066 satisfied customers
Can a California LLC be a real estate holding company for a

Can a California LLC be a real estate holding company for a IRS IRC 501(c)(3) Charity's real estate ?

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KJLLAW

Juris Doctorate

1,170 satisfied customers
I would like to start a social enterprise ( online platform

I would like to start a social enterprise ( online platform for mentally ill teens) - would like to know if non-profit incorporation or for profit incorporation is better. Need initial "seed" donation/funding and then over time have revenue sustain operations. All profits will be invested back in growing the community. Over time there are likely to be two to three employees others would volunteers. The revenue model is via online sponsorships and ads as well as direct revenue from referrals to professionals.

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Maverick

Doctoral Degree

6,780 satisfied customers
Please direct my question to the appropriate lawyer. My wife

Please direct my question to the appropriate lawyer.My wife and I would like to pay off our son's college loan of about $40,000. What is the best way to pay so that we don't incur gift tax.Instead can it be tax deductible if we pay it directly to the lender, which I believe is the government.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,104 satisfied customers
This question is JACUSTOMER-lt2jm5su- What is the non-exempt

This question is for only JACUSTOMER-lt2jm5su- What is the non-exempt status that is violated when a IRS IRC 501 C ( 3 ) Charity is a member of a LLC that has not qualified for tax exemption as a charitable organization its self ?

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37,942 satisfied customers
I own a medical supply business. I just received an

I own a medical supply business. I just received an "urgent" email from one of our large medical suppliers stating that they were contacted by the Minnesota Department of Revenue (te state in which I do business) asking for a current Tax Exception form for my business. We of course sent that Form to them immediately. I suppose my question is an obvious one; Should I be preparing myself for an audit? I will add that I always pay my taxes, and previously, have never been audited. This request seemed odd to me, and I have never received a request like this, in the 10 years we've been in business.

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Dwayne B.

Juris Doctor

35,728 satisfied customers
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