Corporate Structure

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(501(c)(3) Publicly Supported Charities)
(Other Tax Laws)
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**If such properties is disposed of within 3 years of the donation, a form 8282 will need to be submitted by Knox Makers.
 
**If such properties is disposed of within 3 years of the donation, a form 8282 will need to be submitted by Knox Makers.
 
**Consider looking at Pub 526, which covers charitable contributions.
 
**Consider looking at Pub 526, which covers charitable contributions.
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*Any <i>Quid pro quo</i> donation over $75 requires Knox Makers to provide the donor with a "Disclosure Statement", which will include a good faith estimate of fair market value of the goods or services the donor receives in exchange for the donation.
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*Any donation of over $250 requires Knox Makers to provide an acknowledgement.  The required information is included in IRS Pub 1771.
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*Knox Makers must make their tax exempt application as well as all annual information returns submitted to the IRS available for public inspection.
  
 
===501(c)(7) Social and Recreational Clubs===
 
===501(c)(7) Social and Recreational Clubs===
 
This organization type is not being considered at this time.
 
This organization type is not being considered at this time.

Revision as of 12:45, 8 November 2012

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