Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
This is about a 501c3. Can a founder or president donate to
This is about a 501c3. Can a founder or president donate to the 501c3? … read more
socrateaser
socrateaser
1,455 satisfied customers
I have a 501c3 tax filing question. Not sure if this is a
I have a 501c3 tax filing question. Not sure if this is a legal or accounting question but this is my question: I have a building fund account that was donated and saved strictly for the procurement o… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
Is it necessary for a charity to have received an IRS
Is it necessary for a charity to have received an IRS approval as a 501c3 entity before it can receive tax deductible donations. The entity has FILED its application to become a 501c3 entity. Thank yo… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,604 satisfied customers
If an artist co-op charges an annual fee to its members is
If an artist co-op charges an annual fee to its members is the income (fee) taxable by the IRS? The co-op has no legal standing through the IRS. The fees are used to cover the cost for running the co-… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,604 satisfied customers
I just started working exciting new non-profit. Go to
I just started working for an exciting new non-profit. Go to DollHousecastle.com and go to the Donate tab. (You will come to a charity that says they will collect funds for us until we get our own 501… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
One of the directors of our 501 c3 (IRS approved Sept 25) paid
One of the directors of our 501 c3 (IRS approved Sept 25) paid for all of the start up attorney fees as a donation prior to the foundation's incorporation. As president, I want to sent him a donation … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,636 satisfied customers
My nonprofit has just been officially incorporated in the State
My nonprofit has just been officially incorporated in the State of Georgia, and we have been told we can indeed begin fundraising in our state as we wait for the Federal 501c3 to be approved and final… read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
Would it be legal for a Masonic Lodge (501-c10) setup a "Foundation"
Would it be legal for a Masonic Lodge (501-c10) setup a "Foundation" (501-c3) to receive tax deductible donations?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
I have a question about non profit tax laws. If an organization
I have a question about non profit tax laws. If an organization is a formed state nonprofit Inc. but NOT a 501c3 federal nonprofit, and they say make $5000 through various fundraisers during a year. (… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,604 satisfied customers
If money is put into a 501c3 account for a scholarship fund,
If money is put into a 501c3 account for a scholarship fund, can the scholarship fund money be used for just African Americans, or would the scholarship have to be offered to all races since donors wo… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I have have started a non-profit charity business in
I have have started a non-profit charity business in November 2011. I have recently sent in my 501c3 forms to the IRS for 501c3 status. In the meantime, I have donations accumulated from Nov 2011 thro… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have been tasked by my employer on what is the best way to
I have been tasked by my employer on what is the best way to start a charity or foundation based on a simple program he wants to initiate for our company. He wants to create t-shirts to be sold with 5… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,104 satisfied customers
I have been funding out of my own pocket boating excursions
I have been funding out of my own pocket boating excursions for Gold star families (Families that have lost a loved one in war/military) and Veterans & Active Duty Military Heroes and their families. … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
If a non-profit (501c3) pays my mortgage or bills, is that
If a non-profit (501c3) pays my mortgage or bills, is that considered taxable income to me?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
We are starting a non-profit charitable/educational corporation,
We are starting a non-profit charitable/educational corporation, we have our EIN#, Our Name, Developed Bylaws and Filed our Articles of Incorporation with our state and received the official documents… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
Our 501 c 3 just built a new barn, and we want to offer the
Our 501 c 3 just built a new barn, and we want to offer the new facility in a silent auction for a party. This would be income derived for our organzation that is not program related. What is our limi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
The model we are using online to raise funds for cancer research
The model we are using online to raise funds for cancer research is to "gift" downloaded songs to donors and provide them with a receipt for tax reporting purposes as we are required to. We will need … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
We held a Silent Auction recently for a fund raiser ...
We held a Silent Auction recently for a fund raiser event. The "committee" continually argued about applying a dollar value to the item donated for the Auction. What does the law require?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

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

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x