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A cemetary must apply under 501(c)(13). The user fee was most recently $600. Section H of the form is used for 501(c)(13). The questions in section H are simple yes or no; as long as you meet the basic requirements that the funds are used for the upkeep of the cemetery and there is no intent to sale or subdivide the land. I filed one last year with no issues.

Going back to 2018, the employer would have been required to add to his W-2: the difference between FMV and the purchase price. His basis should therefore be the FMV as of the purchase date in 2018. This assumes there have been no subsequent activity for those shares between 2018 and the selling date of 2023.

Up to the lessor of 25% of compensation or $66,000. SEPs work well with S Corps.

Facts and Circumstances. Document, document, document. Be ready to defend at audit. You can distinguish the BS from a person who really wanted to start a business and make a profit. IF the expenses were things like filing fees for SOS, software, letterhead, accounting and legal, things that are really business expenses that have receipts and cannot be used personally after the closing of the business, then I say you have a good argument. If the startup expenses are a new iPhone, awesome computer and trips to resorts to hear about an awesome opportunity in a MLM company, then I would be very, very leery. Tom Longview, TX