There are not-for-profit organizations that do not earn a dime from their activities. The money made in the organization is used to keep the company's day-to-day operation instead...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/08/2023
There are specific organizations that provide tax benefits to their donors. For example, the Internal Revenue Code provides tax incentives to people donating to organizations like...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/26/2022
What if you had the chance to win an award of excellence for your outstanding contributions to art, community service, or science? Do you have to pay income tax on this amount? The...
Posted by Karen Munoz, EA on 12/31/2020
12.3.2[a] Article XII(1) – Residence – Based Jurisdiction to TaxParagraph 1 of Article XII stands for the proposition that a resident of a country receiving royalty income...
Posted by The Accounting and Tax on 10/06/2018
The word Not-For-Profit often rings a bell in the ear and suspicion in mind regarding their mode of operation and revenue model. A lot of these curiosities stem from the fact that...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 05/21/2018
Hello, everyone! AtBTL & Company, P C, Tax & Accounting,we help clients every day to save money on their taxes and get the most out of their tax returns.If you’re wondering...
Posted by BTL & Company, P C, Tax & Accounting on 01/26/2016
Hello, everyone! At BTL & Company, P C, Tax & Accounting, we help clients every day to save money on their taxes and get the most out of their tax returns. If...
Posted by BTL & Company, P C, Tax & Accounting on 01/21/2016
