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Recent Tax Exemption questions

I host an online video chat room and was considering doing a

I host an online video chat room and was considering doing a raffle of some sort for donations to pay the hosting fees of the room. Are there any legal issues?JA: What state are you in? It matters because laws vary by location.Customer: arkansasJA: Has anything been filed or reported?Customer: noJA: Anything else you want the lawyer to know before I connect you?Customer: no

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Richard - Bizlaw

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I am looking for tax law advice, but couldn't find a

Hello, I am looking for tax law advice , but couldn't find a listing.I recently had an IRS representative drop a card off saying I need to call such persons about my tax and use. I filled for tax exempt status this year and owe about $987 in tax for taxes charged in NC this year. I only have a few customers in NC, which is the state I reside in, majority of sales are in other states. I purchase my items from CA and they are sent directly to those customers in the other states as well as NC. Am I only liable for the customers that reside in NC for the tax and use? Also if I don't get a 1099 from clients outside the state am I legally liable for that income received? Next, if at the end of the year I show a lose, due I still owe for the taxes charged, think I know the answer to that ,but just checking?Thank you

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RayAnswers

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Can I open a non-profit to get donations and help

Can I open a non-profit to get donations and help organizations around the world?What qualifies for a 501c form?Can people related to me donate and get tax-deduction?

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Richard - Bizlaw

Juris Doctor

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If I am buying a car with the intention to sell - Can I

If I am buying a car with the intention to sell - Can I avoid any of the cost associated ( for ex when I am buying a car to keep - I need to pay Tax , registration costs and so on ... )I am planning to get the dealers license after I try this out with couple of carsPlease advise

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Richard - Bizlaw

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I own a computer repair business and I have a sellers permit

I own a computer repair business and I have a sellers permit that allows me to be tax exempt on resale items. I have a project that requires me to purchase and resell Windows 10. Since I am tax exempt on the resale of Windows 10 do I still charge the customer sales tax on Windows 10?

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Richard - Bizlaw

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I am curious aout a nonprofit organization leasing extra

I am curious aout a nonprofit organization leasing extra space to a for profit organizationJA: Can you tell me where the nonprofit is registered?Customer: in orde to generate consistent inflows to support the nonprofitJA: Has anything been filed or reported?Customer: nothing has been done yetJA: Anything else you want the lawyer to know before I connect you?Customer: if i own the for profit business and am on th board of the non profit

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LawTalk

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I am about to open a cowork space / tech hub and it will be

I am about to open a cowork space / tech hub and it will be licensed under a 501(c)3 and have a question regarding unrelated business income.The main source of income from this entity is going to be rent paid by individuals who lease space in our facility. This will range from $150 a month to $800 a month depending on where they want to be and what level of access they want.The nature of this space is to allow tech developers and like minded thinkers to work in and around other people of the same stature, hopefully collaborating on multiple projects.My partner and I both have solid backgrounds in IT, design, web, branding, business development, etc and plan on using those talents to make ancillary income which leads me to this question:If we run the non-profit properly, record everything, have a board of directors that sits over compensation (we will only be getting paid what our fixed bills are - rent, car, insurance, phones) and the rest goes back into the business to be used for grants... if we do all this, how can the unrelated business income be payable to us?Lets say we take on a client for a $20k back end database... and $15k of that is profit.... how do we pay ourselves without it jeopardizing our tax exempt/non-profit status?We are already going to be running a few for profit entities out of this office, completely unrelated to the CoWork space, so I'm trying to keep the bookkeeping as simple as possible without having to register ANOTHER entity specifically for the consulting - or is that the best thing to do, keep everything separate and dont comingle income?

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Law Educator, Esq.

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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

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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

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