Non-profits do not pay Federal income taxes. Many states also exempt these entities from state income taxes. The local tax assessor may also exempt the entity from property taxes. The IRS regulates non-profits by denying non-profit status to entities. It also has a whole regime of penalties and excise taxes to deter for-profit entities from...... Continue reading Business Condo Association Denied Non-Profit Status
The post Business Condo Association Denied Non-Profit Status appeared first on KREIG LLC.
from Texas Bar Today https://ift.tt/3cpt13E
via Abogado Aly Website
No comments:
Post a Comment