"Teri, I formed several 501 c 3's in the past. It always takes longer for those filings than with a for profit business...alot much be checked by the governement who essentially is not going to tax the business. My then accountant told me that…"
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- Teri Sweatman
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Non-profit
Started this discussion. Last reply by Dr. Judith P. LaVorgna Aug 28, 2010. 11 Replies 0 Likes
If I make a donation to you, Can I deduct from my income taxes?
Tags: goldendoodle, doodlerescuecollective, labradoodle, rescue, doodle
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Member Since 2009Teri Sweatman replied to Teri Sweatman's discussion Non-profit
"Thanks Sharon, for clarifying all of this. It also should be noted if you donate to an organization in a tax year, and they do not have non-profit status and then they are recognized as non-profit, it is retroactive and you can then take your…"
Member Since 2010Sharon Lerner replied to Teri Sweatman's discussion Non-profit
"Lynne - you are wrong - please read -
http://www.irs.gov/taxtopics/tc506.html
http://www.irs.gov/pub/irs-pdf/p526.pdf
These are official publications of the IRS."
Member Since 2010Sharon Lerner replied to Teri Sweatman's discussion Non-profit
"My husband is an accountant. He has told me that you can not take any charitable contribution unless it is made to a recognized charity. Lynne obviously you are misinformed."
Member Since 2010Phil Anthony replied to Teri Sweatman's discussion Non-profit
"I am a Canadian and an accountant. Our tax laws may be quite different, but I would caution anyone who is thinking of donating to organizations that those organizations be a registered charity or whatever the designation is in the US. I say this…"
Member Since 2009Teri Sweatman replied to Teri Sweatman's discussion Non-profit
"WOW, I simply needed a "yes' or a "no" Mike and I certainly take more than a $500.00 deduction on taxes every year to charities. I think you must be thinking of the short form taxes. Every charity we donate too pretty much is a…"
Member Since 2009Teri Sweatman posted a discussion
Non-profit
If I make a donation to you, Can I deduct from my income taxes?
AdminLynne Fowler - Admin left a comment for Teri Sweatman
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AdminLynne Fowler - Admin left a comment for Teri Sweatman
"WELCOME to The Collective, Teri! We are happy to have you as part of our team. Thank You and WELCOME ABOARD!
What should you do now? If you haven’t changed your icon photo to something more personal, it's easy to do...
Under the…"
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- Liz Syring
Comment Wall (2 comments)
- At 10:07am on November 26, 2009,
AdminLynne Fowler - Admin said…
- At 8:54pm on October 6, 2009,
AdminLynne Fowler - Admin said… - WELCOME to The Collective, Teri! We are happy to have you as part of our team. Thank You and WELCOME ABOARD!
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