Business Law

Ask a business lLawyer. Get business law questions answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

CTK International based in state holds it's own 501c3 and we…

Customer Question
CTK International based in Washington...
CTK International based in Washington state holds it's own 501c3 and we operate as a foreign non-profit entity in the state of Colorado. During the course of operations a member of the church in Colorado fund out a lady from the community was going to be donating funds to a local church for kids. She did not want to donate to an International Church such as our 501c3. The Black Hawk church devised a plan to obtain a 501c3 to gain the donation of 250,000 for the purchase of the land. This occurred in 2008.Black Hawk did not become a corporation in Colorado until 2011 and did not file to get a 501c3 until 2011. The donation had already been received but it was not put into CTK Internationals bank account the funds were given directly to Black where we are not sure what account it was deposited to or in whose name. The donation letter sent to the donor came from our 501c3 (CTK International) but we did not receive the funds. The building purchase was also not put into our name but that of a name Black must have used we are not sure.Since Black Hawk had obtained their own 501c3 in 2011 it was my objection that CTK International keep them on our books for operations for legal issues. We were taking in income for the other 501c3 and paying for the employer using our tax id number and paying for the employment taxes.Black Also acquired a loan under their own 501c3 from a congregant to build the building on the land of 140,000. Since Black Hawks income has been running through our books to my objection they have now asked that CTK International send 30,000 of that income to pay on the loan payment. I've spoken to a CPA who stated this was not a legal transaction and that if money is coming from our 501c3 on a loan that we did not generate then funds would be considered taxable income to the recipient. Black Hawk is disagreeing and said that if we can't do it that way they will generate an invoice for rent for the past 3 years to CTK International to gain access to the funds but will use the funds to pay the individual and bypass the taxable income to her.Any insight or help you can provide on the nature of this transaction and situation will be greatly appreciated.
Submitted: 11 months ago.Category: Business Law
Show More
Show Less
Ask Your Own Business Law Question
Answered in 7 hours by:
8/29/2017
Business Lawyer: DamienJD, Attorney replied 11 months ago
DamienJD
DamienJD, Attorney
Category: Business Law
Satisfied Customers: 5,445
Experience: Attorney. Well versed, understanding, friendly
Verified

Hello: My name is ***** ***** I am an attorney. Please give me a moment to review your question. I may ask some questions to clarify issues.

Ask Your Own Business Law Question
Business Lawyer: DamienJD, Attorney replied 11 months ago

From what you are saying, the CPA says that the money given to them would be taxable income. Black Hawk then says that if CTK does not want to pay the $30k to pay off the loan, then they would charge rent in that amount. Are you saying the CTK does not want to pay the $30k at all, either as a loan payment or as rent?

Ask Your Own Business Law Question
Customer reply replied 11 months ago
What I'm saying is CTK can't pay 30,000 saying it's for rent when the money will be used to pay for the loan. To pay the loan payment CTK needs the documents and the individual receiving the funds to fill out a W-9 because its taxable income to her. They are refusing to to give the documents and are trying to go around the law so the individual can avoid taxable income. The loan is not in our 501c3s name its in the other businesses name.
Business Lawyer: DamienJD, Attorney replied 11 months ago

Sorry, it is a bit difficult to address this through a Q&A. Possibly you can request a phone conversation through Just Answer and we can speak on the phone about it. If not, we can continue here.

Ask Your Own Business Law Question
Business Lawyer: DamienJD, Attorney replied 11 months ago

If you still want to discuss the issues, let me know.

Ask Your Own Business Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a business lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Infolawyer Your Own Question
Infolawyer
Infolawyer
Infolawyer, Attorney
Category: Business Law
Satisfied Customers: 2,056
2,056 Satisfied Customers
Experience: Experienced lawyer

Infolawyer is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

2,056 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

778 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

683 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

604 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

Related Business Law Questions
Question about not-for-profit in Ohio. Gave Gift to Building
Question about not-for-profit in Ohio.Gave Gift to Building Fund for new religious building. Found out the Organization let its Articles of Incorporation lapse for over two years. Gift was given durin… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I am looking to start a company with a hybrid tax model,
Greetings, I am looking to start a company with a hybrid tax model, both a nonprofit 501c3 as well as a for profit entity. What would you recommend the best way to start that? … read more
DamienJD
DamienJD
Attorney
5,445 satisfied customers
Our 501(c)3 church produced some documentaries about the
Our 501(c)3 church produced some documentaries about the Amish and their unique Christian values and how we might implement their better ideas into our own lifestyles. The documentaries focused on com… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,773 satisfied customers
We have a church located in Michigan with a 501C3. We are
Hi. We have a church located in Michigan with a 501C3. We are looking at starting a church in Texas. Are we required to setup an entirely new corporate entity and 501C3 to have a church in Texas? Will… read more
RGMacEsq
RGMacEsq
Attorney
Doctoral Degree
778 satisfied customers
My organization is a 501c3 non-profit religious organization
My organization is a 501c3 non-profit religious organization in Paradise, PA established in 1963. We just build a training facility to meet our Training Ministry's needs. The training facility include… read more
Ely
Ely
Attorney
Juris Doctor
604 satisfied customers
I have a small grocery (Sub S) that I lost in the Louisiana
I have a small grocery (Sub S) that I lost in the Louisiana flood in August. My building is being repaired but the fixtures and the inventory have to be totally replaced. I had no flood insurance and … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
Illinois Non-profit Corp, with IRS 501(c)3 status. We are a
Illinois Non-profit Corp, with IRS 501(c)3 status. We are a railroad historical society thinking of purchasing a railroad line being abandoned. It is within our purposes to acquire said property and/o… read more
socrateaser
socrateaser
1,031 satisfied customers
We are a 501C3 and are brining in a partner under our
We are a 501C3 and are brining in a partner under our umbrella. Do we need to file a fictitious DBA for the partners business name? Funds come in to the name of the partner and we need to send letter … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
We are a 11 year old Buddhist monastery and church in NC
We are a 11 year old Buddhist monastery and church in NC using the federal IRS exemption for churches. We also have a separate 501(c)(3) that does missions in the US and India. We just put a property … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I have afriend who has a large church in Uganda Africa that
I have afriend who has a large church in Uganda Africa that would like to register his ministry here in the US to help with donations from his stateside donations. We have a 501c3 ( Touches of Hope) t… read more
Gerald, Esq
Gerald, Esq
Juris Doctor
4,029 satisfied customers
Our church is starting a small daycare service (12 kids max)
Our church is starting a small daycare service (12 kids max) as a ministry to families. There is a fee for the daycare with a discount based on need. Should the daycare be formed as a non-profit corpo… read more
TexLaw
TexLaw
Attorney
Post-Doctoral Degree
4,347 satisfied customers
A Church is incorporated in a state other than the state where
A Church is incorporated in a state other than the state where the General Offices of the parent organization is incorporation. Can the parent organization to local church relationship be heroically i… read more
TexLaw
TexLaw
Attorney
Post-Doctoral Degree
4,347 satisfied customers
Both Church X and church Y are two different 501c3s with different
Both Church X and church Y are two different 501c3's with different names. Church X has been paying all of church Y's bills and taking in all the income from donors for Church Y. All record-keeping is… read more
Dimitry K., Esq.
Dimitry K., Esq.
Attorney
Doctoral Degree
1,611 satisfied customers
My client spends a lot of money helping disadvantaged children.
My client spends a lot of money helping disadvantaged children. Others have wanted to give her money to help with her causes, so she has incorporated a foundation and is registering for 501c3 status (… read more
DamienJD
DamienJD
Attorney
5,445 satisfied customers
Hi, I have a foundation registered in Panama and we give out
Hi, I have a foundation registered in Panama and we give out low interest loans to microfinance institutions in India and Africa. I would like to accept anonymous donations from US citizens. I am crea… read more
BizIPEsq.
BizIPEsq.
Employment Technology & Business Lawyer
Doctoral Degree
375 satisfied customers
Non profit/scholarship question. I currently have a non profit
Non profit/scholarship question. I currently have a non profit organization that works in teh community and has yearly conferences and workshops for students. We are now willing to start a scholarship… read more
kattorney
kattorney
attorney
Doctoral Degree
209 satisfied customers
Hello please bare with me and help us out.My father and
Hello please bare with me and help us out. My father and I our Pastors of our own ministry, the He is the president and I'm vice president and my mother and younger sister are on the board as well of … read more
kattorney
kattorney
attorney
Doctoral Degree
209 satisfied customers
(This may be a better question for G. Warren.) We are a church
(This may be a better question for G. Warren.) We are a church and have been approached by a business to lease some of our rooms. What are the necessary steps to follow to protect our charitable donat… read more
socrateaser
socrateaser
1,031 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x