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Showing content with the highest reputation on 08/11/2016 in Posts

  1. Thanks, Gail. Our committee meeting is Aug. 17. The person who raised this possibility for participation will be bringing criteria. He just emailed members asking if the church had one. I was trying to be proactive and explained how it wasn't needed, etc. even sent links showing that churches were exempt and the incorporation document on the state website. We shall see what next to do, if anything. If only our EIN letter is really needed, we do have that. But I doubt, from 1867, we have a determination letter or that it was ever applied for not being needed.
    3 points
  2. What happens when an individual has all the rights, duties and responsibilities of a parent? The American Law Institute recognizes "de facto parent", as do many states. What makes the argument stronger is if the parent is related to the child. The tax code does not state "biological" father or mother and there are new defintions of parent adjudicated by some courts, it might be an issue worth closer examination. https://workfamily.sas.upenn.edu/glossary/d/de-facto-parent-definitions http://www.brewelaw.com/?page_id=225
    3 points
  3. OK, this was bugging me so I *had* to find out for sure. It's covered in sec 3121(b )(3)(A). For those that don't like links, this is the definition of wages subject to taxes under 3101(a) and 3111(a), both address OASDI : (A) service performed by a child under the age of 18 in the employ of his father or mother;
    2 points
  4. My error was going to irs.gov first. Just the other day someone else said to always google first. "If it isn't on Google, it doesn't exist."
    2 points
  5. I go with cash basis taxpayer. You don't have income until received. I would put it in the year it hit the checking account. Cause if the audit is for 2015, and the cash is in 2015, but the income is in 2014 and 2014 is a closed year, the auditor is likely to take the position I just did. Tom Newark, CA
    1 point
  6. Well, the evidence at hand does not support your suspicion. If your suspicion is correct, that one staff member was not involved in the organization of this event.
    1 point
  7. Ummm, the fundraising 'group' is Kroger. I suspect Kroger has at least one qualified, knowledgeable tax professional on staff. But I will pass along the suggestion. Thanks!
    1 point
  8. The fundraising group needs to consult with a qualified tax professional about tax matters. Those kind of "requirements" that groups impose due to lack of knowledge, is like using a shotgun to hit one single bird in a whole flock. Maybe you could solicit their accounting business? Sounds like they need a knowledgeable tax professional.
    1 point
  9. Jack, I am aware that churches do not need a determination letter - for most purposes. However locally there is a fundraising possibility for nonprofits that require it even for churches, no exceptions. My church would like to participate. For a variety of reasons, many churches have them. If my church doesn't already, I doubt they would try due to the expense and the requirements for the application.
    1 point
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