The article reports on the exemption of admission fees collected at the door and fees for private dances charged by an adult entertainment club from New York sales and use tax. The basis for the tax exemption is the argument that dance routines at the club were choreographed performances that ...
Second, the registration and examination requirements apply to any "principal" or "supervisor" of a NY State Registered Adviser. Pursuant to the Revised Rules, a "principal" is any person that directly or indirectly controls a NY State Registered Adviser, and a "supervisor" is an individual...
Responsibilities: Preparation of complex corporate, partnership, high net worth individual, trust, and tax- exempt, entity tax returns. Preparation of business and personal tax projections, financial statements, form w2s and 1099s. Review and adjustment of client's books and records Respond to feder...
- Tax exempt Stability Individual Self-Insurance Total Control of annual funding requirement Total control of claims process Assume entire risk Assume all operational costs Potential volatility Group Self-Insurance Shared control/determination of annual funding requirement Shared control of claims process Sp...
File Form 1023 with the IRS to apply to be recognized as tax-exempt under section 501(c)(3) It’s important to consult any state laws affecting the formation of a nonprofit corporation or LLC. For instance, state law may specify:
in municipal bonds that are rated investment grade. On average, it will invest in municipal bonds that have a maturity range of 10 to 30 years. The fund may not invest more than 20% of its net assets in tax-exempt securities subject to the federal alternative minimum tax. Benchmark: Bloo...
*Tax Exempt Status: N.Y.S. Sales Tax exempt or resale number for the School must be included. Taxes will be added where they apply. *Delivery: Materials will be shipped for delivery on the date you request. *Payment: Bills are payable 30 days after billing. ...
shareholder agreements and operating agreements as well as contracts among business owners and between the business and its employees and clients. Our dedicated team also has experience forming non-profit organizations, applying to the IRS for 501(c)(3) tax exempt status and formulating non-profit ...
’s funds held in an HSA or FSA do not appear to be exempt under either New York state exemption law or Section 522 of the Bankruptcy Code. This means that a bankruptcy trustee may pursue debtor’s Health Savings Account or Flexible Spending Account, unless those funds are otherwise exempt...
Choosing the Right Form for Your Nonprofit Start-Up: 1023 vs. 1023-EZ When starting a new 501(c)(3) nonprofit organization, you have two options for applying for tax-exempt status with the IRS: the traditional Form 1023 and the streamlined Form 1023-EZ. The traditional Form 1023 is more...