Search results
Results from the WOW.Com Content Network
If a donor is contributing property that would have yielded a long-term capital gain in a sale, then the deduction for the contribution is limited to 30% of donor's adjusted gross income in the year of donation if the donee is a public charity, and limited to 20% if the donee is a private foundation. Contributions over the respective AGI ...
If an organization is to qualify for tax exempt status, the organization's (a) charter — if a not-for-profit corporation — or (b) trust instrument — if a trust — or (c) articles of association — if an association — must specify that no part of its assets shall benefit any people who are members, directors, officers or agents (its principals).
It is distinct in U.S. law from public-benefit nonprofit corporations, and religious corporations. Mutual benefit corporations must still file tax returns and pay income tax because they are not formed for a purpose that is meant to benefit the general public (unlike public-benefit nonprofit corporations) but rather to provide an association of ...
The United States Supreme Court has held that tax exemption for churches is constitutional under the Establishment Clause [28] and that churches and religious organizations may be subject to a general sales and use tax; [29] however, the Court has not addressed whether government may enact a specific "church tax". [30]
Cash or check donations accepted; 100% will be spent on flood relief items. Checks payable to: Augusta County Sheriff's Office; in the memo line, please note "flood relief."
They also donate a portion of ticket sales in every city visited a local charity (predominantly food banks) Michael Bloomberg – donations include over US$1.1 billion to Johns Hopkins University; Michael Dell – established the Michael and Susan Dell Foundation, which focuses on grants, urban education, childhood health, and family economic ...
Trade associations representing hundreds of companies that do business in Virginia have come out swinging against a proposal to expand the state sales tax to cover digital goods, something ...
For premium support please call: 800-290-4726 more ways to reach us